Property

Weekly property review: Recently completed sales

Property editor Linda Rowley, 20/03/2024

THIS week’s property review includes this wrap-up of recently completed sales, and a separate article on interesting recent listings across the country.

  • Cape York station passes-in at $7.25m
  • Qld’s exclusion fenced Bullamakinka makes $11m+
  • Riverina’s historic Stonehaven sells
  • Moonie’s Mundagai changes hands prior to auction

The 107,064ha Fairlight Station is located on Cape York Peninsula, near Yarraden, 70km west of Laura and 320km north of Mareeba.

Cape York station passes-in at $7.25m

One of the oldest cattle stations on Queensland’s Cape York Peninsula is expected to change hands later this week, after passing in at auction for $7.25 million.

The 107,064ha Fairlight Station is located near Yarraden, 70km west of Laura and 320km north of Mareeba.

Vohland Real Estate agent Russell Wolff said the breeding operation attracted 13 registered bidders and 66 inquiries and he is now negotiating with interested parties.

The country on Fairlight consists of river and creek flats, undulating ridge country running to hilly broken areas mostly timbered with ironbark, bloodwood, gum, box, messmate and tea tree.

Soil types range from loam river and creek flats, yellow clay and red brown ridge soils with some sandy soils to the north.

A wide range of pastures includes spear, kangaroo and native grasses, as well as seasonal herbages.

The property has a 35km frontage to the permanent Palmer River, natural springs, flowing creeks and permanent waterholes in the Kennedy, St George and Little River systems, supported by 30 dams and two bores.

Fairlight has a 25-year carbon agreement in place for savanna burning.

Infrastructure includes a three-bedroom home, a 16-room workers quarters, numerous sheds and two cattle yards.

 

Qld’s exclusion fenced Bullamakinka makes $11m+

The Webster family has paid $11.1 million($5187/ha bare) at auction for the highly-improved, fully exclusion fenced Bullamakinka in southern Queensland.

The 2140ha property is located near Tarawera, 25km south-east of Westmar – centrally located between Goondiwindi, Roma and Dalby.

Suited to cattle backgrounding, breeding and stud operations, the brigalow and belah country can also run goats. The 1011ha of improved pastures has recently received 90mm of rain.

Previously, home to the Bullamakinka Santa Stud, the property is currently home to the Celamba Speckle Park Stud.

Water is secured by eight dams and an equipped artesian bore piped to troughs.

Infrastructure includes a five-bedroom home, a two-bedroom cottage, cattle yards, three sheds, 600t of grain storage and an onsite feedmill system.

There is also an on-farm quarry site.

Eastern Rural Dalby agents Roger Lyne and Andrew Kirtley handled the sale.

 

Riverina’s historic Stonehaven sells

A farming family from New South Wales’ south-west slopes is expanding its existing operations with the purchase of Stonehaven in the renowned Holbrook district.

Last year, the 1295ha block was offered to the market via expressions of interest by fourth-generation dairy farmer Travis Cox and wife Julia, after purchasing the property in 2019 for in excess of $11 million.

Elders agent David Gittoes was unable to disclose the buyer or the price paid, but said despite last year’s testing market conditions (commodity prices, interest rates and BOM forecast), the price met the vendors’ expectations.

Situated 19km north of Holbrook and 76km south of Wagga, Stonehaven once formed part of the historic 28,300ha Kinross Station held by generations of the Ross family.

In 2016, more than 100 years of Stonehaven ownership ended when Neil and Jacqui Ross sold and moved to Albury for education reasons.

The country is a balance of productive alluvial creek flats to gentle rising red loam to low granite hill grazing making it suitable for grain, fodder and livestock production capable of running more than 1000 cows.

Mr Gittoes said when the Coxs purchased the property, it was in good condition, but they took it to the next level.

“They finished fully-renovating the house, which was substantial, and completed the pasture improvement with lime and fertiliser inputs because, as ex-dairy farmers, they know how to grow grass,” he said.

Located in a secure 675-700mm rainfall district, Stonehaven features quality water infrastructure including 22 dams, a fully reticulated water trough system and two bores.

Improvements include a circa-1920 seven-bedroom home, a seven-stand shearing shed, sheep yards, steel cattle yards, cattle feed containment yards, six silos and various sheds.

 

Moonie’s Mundagai sells prior to auction

The home of Hopgood Charolais in southern Queensland has sold prior to auction to a North Queensland producer looking for a backgrounding and finishing block.

JLL agent Clayton Smith, who handled the sale of Mundagai, was unable to disclose the buyer or the price paid.

Described as a high-capacity grazing enterprise with mixed farming capabilities, the 1947ha property is located on the Weir River, 20km east of the Moonie Crossroads and 109km from Dalby on the Western Downs.

It was offered for sale by the Hopgood family after eight years ownership.

The country features mostly brigalow and belah soils growing Queensland blue, buffel, urochloa and bambasti.

Exclusion fenced on the property’s eastern and southern boundaries, Mundagai is capable of running 1000 adult equivalents.

It is watered by seven dams and three sub-artesian bores supplying water to tanks, troughs and turkey nests.

Improvements include a four-bedroom home, a three-bedroom cottage, new steel cattle yards, a five-stand shearing shed, a shed and workshops.

There are two grain silos with 324 tonnes of storage and a 40t liquid silo.

 

 

 

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