Weekly property review: Recently completed sales

Property editor Linda Rowley, 19/04/2023

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

  • Southern Qld’s diverse Tabooba makes $14m+
  • Passmores secure Condobolin’s Starsight for $11.5m
  • Northern NSW block makes $7.75m
  • Atkin family named as buyer of Fortuna Aggregation
  • Woodwards expand with southern Qld cattle country
  • FNQ’s Galalli passes in at $6m

5674ha Tabooba is located near Talwood, 80km south-east of St George, close to northern and southern livestock and grain markets


Southern Qld’s diverse Tabooba makes $14m+

The Rigney family has expanded with the neighbouring mixed grazing and farming operation Tabooba in southern Queensland.

The 5674ha property, pictured above, is located near Talwood, 80km south-east of St George and 130km west of Goondiwindi, close to northern and southern livestock and grain markets.

Andrew Jakins from Nutrien Harcourts Goondiwindi was unable to disclose the price, however Tabooba is understood to have made north of $14 million.

The sale ends 26 years of single-family ownership by Geoff and Virginia Phillips who have been running a cattle backgrounding business, together with a winter grain and forage cropping operation.

The slightly undulating country is suitable for pasture production and grain growing with around 1457ha sown to winter cereal and forage crops including wheat, barley, oats and chickpeas.

The grazing country was thoughtfully developed with good shade lines and livestock corridors and at the time of sale was presenting with an excellent stand of buffel and native grasses with seasonal herbages.


Passmores secure Condobolin’s Starsight for $11.5m

Matthew and Jacinta Passmore and their son Gabriel have paid close to $11.5 million for one of the finest mixed grazing and farming holdings south of Condobolin.

The 3019ha Starsight comprises two holdings – 2483ha Starsight and the 536ha Bogandillon. The aggregation is located 50km north of West Wyalong in New South Wales’ central west.

In the past, Starsight has been run as a mixed farming operation, however in recent years, the Tooth family has been concentrating on cattle and sheep, with most paddocks used for pasture production and a small area for cereals.

Boasting mostly red loams through to red and grey self-mulching clays, the property is 95 percent arable and has achieved wheat yields of five tonnes or better.

Sold with a full soil moisture profile, the settlement allows the Passmores to prepare paddocks for the 2023 cropping season.

Starsight is mostly flat with some gently undulating country and the picturesque Humbug Creek running along part of the boundary.

Water is delivered to the property from the Lachlan River via the Euglo Water Scheme. A good dam system provides an essential backup.

The 536ha Bogandillon block, which runs into the Bogandillon swamp, is currently mostly underwater however, in more normal seasons it provides an abundance of feed. It can also be used for summer cropping and during dry years, it has grown award-winning wheat crops on the swamp bed.

The sale of Starsight was handled by Angus McLaren from Miller & James Condobolin.

Starsight is mostly flat with some gently undulating country and the picturesque Humbug Creek running along part of the boundary.

Northern NSW block makes $7.75m

A tightly held breeding and finishing block in the New England region of northern New South Wales has sold at auction for $7.75 million to a Tamworth-based producer seeking safe cattle country, higher rainfall and basalt soils.

The 392ha Lagoona Downs is located at Niangala, 65km from Walcha and 78km from Tamworth and has been held by the Clarke family for 39 years.

The country features high performing red basalt soils that can run up to 300 breeding cows.

Since 1984, the Clarkes have been producing vealers straight off the cow, as well as growing cattle out to feedlot and processing weights.

The property is watered by 17 dams (with at least one in each paddock) and several springs and streams.

The sale was handled by Riley Gibson from Ray White Rural.

Cattle on Lagoona Downs


Atkin family named as buyer of Fortuna Aggregation

The Atkins family has been named as the buyer of Aramac’s Fortuna Aggregation.

The Atkins family also owns Spion-Kop at Taroom, Tanderra at Longreach and Marqua in the Northern Territory.

The 38,951ha property was due to be auctioned bare late last year but was placed under contract to a Queensland family seeking additional safe breeding country.

At the time, Andrew Turner from Ray White Rural was unable to disclose the price paid, however he described the sale as an extremely good result for a diverse aggregation with potential to increase cattle numbers.

Owned by the House family for 45 years, the Fortuna Aggregation is located 40km north of Aramac and 100km north of Barcaldine with good access to saleyards at Blackall, Emerald and Roma.

With an estimated carrying capacity of 1200 breeders plus progeny, the property has a reputation for producing high quality weaner cattle.

There are three sets of steel cattle yards with vet crushes and scales, however there is also sheep infrastructure including two shearing sheds and shearer quarters.

At the time of sale, Fortuna  was enjoying brilliant seasonal conditions and was extremely well grassed with buffel, desert Mitchell, stylos, soft spinifex and edible shrubs.

The country comprises desert uplands including yellow jacket, ironbark, box and gidgee, interspersed with creek flats and jump ups.

It is well watered by 12 dams and seven sub-artesian bores reticulated to 30 tanks and 70 troughs.


Woodwards expand with southern Qld cattle country

John and Kate Woodward from Bell and The Gums have paid $3.02 million for a finishing and backgrounding cattle block in southern Queensland.

Situated 17km to The Gums, 40km from Meandarra and 41km from Tara, the 764ha Pippinford has a soft blend of country – mostly brigalow/belah melon holes.

For the past 25 years, it has been held by Matthew and Bernadette Paine who will now retire.

Andrew McCallum from Nutrien Harcourts GDL described Pippinford as having a solid reputation for quality soils, water infrastructure and the country’s natural ability to adapt to seasons to produce a return.

Carrying a good body of feed, Pippinford is exclusion fenced on three sides and running 200 bullocks.

The property is well watered by five dams and a central pipeline fed to ten troughs and storage tanks via a solar pump.


Passed-in: FNQ’s Galalli passes in at $6m

A prime far northern Queensland breeding block offered with more than 300 head of cattle has been passed in at auction for $6 million.

The 386ha Galalli is located at Tarzali, 12km south-east of Malanda and 90km south-west of Cairns, on the Atherton Tableland.

The undulating and cleared country features deep red soils growing a large body of improved pastures with tropical legumes in season – ideal for beef production.

The block is fenced into 14 paddocks and features 2.4km of new fencing, undercover cattle yards with an air crush and a lock-up shed.

Water is provided by the picturesque Dirren Creek, natural springs and two bores.

Andrew Adcock from Adcock Partners Property & Livestock is handling the sale.







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