Property

Weekly property Review: Recently completed sales

Property editor Linda Rowley, February 13, 2019

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

  • South African family expands its NT footprint
  • Interstate family pays $3.9m for Toowoomba’s Cowarrie
  • District record for Roma’s Sylvia Downs
  • Neighbours snap up Glen Innes block

 Northern Territory: South African family expands its footprint

The new owners of Mt McMinn Station in the Northern Territory’s Roper River region have purchased the neighbouring Big River Station for $5.5 million bare.

The Langenhovens are a Sydney-based South African family who paid around $7.5m for the picturesque 80,900ha Mt McMinn cattle operation last year.

Spanning 707sq km, Big River Station was subdivided off Roper Valley Station in 1996. It currently runs 4500 dry cattle, but with further development could carry 7000 head.

The country is diverse and includes open red loamy creek soils to black river flats. A feature is some escarpment gorge country with plenty of water and waterfalls.

Three rivers run through the property – the Roper, Flying Fox and Julboi – providing permanent running water, as well as numerous waterholes.

Alison Ross from Elders said the previous owners, Daniel Tapp and family will continue to run the property until December 2020.

new owners of Mt McMinn Station in the Northern Territory’s Roper River region have purchased the neighbouring Big River Station for $5.5m bare

QLD: Interstate family pays $3.9m for Toowoomba’s Cowarrie

An interstate family has paid $3.9 million for Cowarrie, a 519ha high-quality grazing, farming and lifestyle asset 30 minutes from Toowoomba.

Featuring soft alluvial flats and sloping cultivation soils, the country is shaded by coolibah grazing hills. The highly productive pastures are improved to medics and multiple improved pastures.

Cowarrie boasts double frontage to the spring-fed Hodgson Creek, is watered by three equipped bores and has a 61 MGL water licence.

A feature is a historic four-bedroom Queenslander with picturesque views.

Ben Forrest from Colliers International said the owners are selling after 16 years to move closer to family in Brisbane.

“The size and scale of the property attracted good enquiry regionally, but also from Western Queensland, NSW and the Sunshine Coast,” he said.

An interstate family has paid $3.9 million for Cowarrie, a 519ha high-quality grazing, farming and lifestyle asset 30 minutes from Toowoomba

District record for Roma’s Sylvia Downs

Smaller Roma district mixed farming/grazing property Sylvia Downs sold under the hammer recently for $825,000, representing an area price of $3650/ha, which may be a district record.

The 226ha block includes about 200ha of highly productive belah/coolabah black soil cultivation, used either for grain or fodder crops, plus some livestock fattening.

Marketed by Ray White Rural, the freehold block 15km south west of Roma sold after an opening bid of $500,000. The buyer was a neighbour.

Improvements include a two-bedroom transportable home, machinery shed, silos  and hard-stands for two more sheds.

Water is supplied from a share bore equipped with an electric submersible pump. Two dams on the property also supply stock water.

NSW: A neighbourly purchase

The 743ha Glen Innes grazing property Claremont sold to neighbour Greg Gallagher for $2.65 million.

Boasting a homestead with outstanding views of the New England eastern fall, Claremont has productive basalt and granite soils, an open basalt plateau, rolling hills and sheltered grazing with room for further development.

The country has an annual 1000mm rainfall as well as abundant water from 22 dams and the Oaky and Deep creeks.

The sale was handled by Geoff Hayes from Ray White Rural.

The 743ha Glen Innes grazing property Claremont sold to a neighbour for $2.65m.

Click here to access more property sales results

 

 

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