Rural Property Market Remains Strong

Over $115 million in sales

The rural property continues to be strong with most auctions attracting strong inspection levels and registered bidders attending and competing to purchase a property.

In the last couple of weeks over $115 million of rural properties has been sold. These include a number of properties from Queensland and New South Wales plus Western Australia. The attached summary is by no means the only properties that have sold recently.

New South Wales

“Byalla” at Edgeroi sold under the hammer for $4.275m with 10 registered bidders in the room. The property comprises 539 hectares equating to a sale price of $7931 per hectare – $3209 per acre. The property is mostly farming country with some 465 ha ready to plant. Improvements include a brick veneer home, sheds & silos. Marketing agents were Paul & James Thomas of Landmark Harcourts Narrabri

“Weedalga” at Crookwell set a new district price benchmark when the 418 Hectare property sold for $4,305m or $10,299 Ha – $4163 per acre. The property mostly produced fat lambs plus cattle . Improvements include a 5 bedroom homestead, sheds & yards. Marketing Agent was Allan McDonald Professionals Goulburn.

“Merindah” at Wellington also sold under the hammer to buyers from Orange. The 633 ha property sold for $3.55m equating to $5608 Ha – $2270 per acre. Whilst 90% arable the property was sown to improved pastures for fat lamb production. Improvements  include a 3 bedroom homestead, 4 stand woolshed, machinery & hay sheds , silos and yards. Marketing Agent was Geoff Plasto of Raine & Horne Wellington.

The grazing property “Wildermere” at Gulargambone sold for $720,000 equating to $3518 Ha – $1274 per acre for the grazing plus cropping and hay property. Improvements include a 3 bedroom homestead, machinery and woolsheds and cattle yards. Marketing agents were Richard & Sam Gemmell of Elders Dubbo.

Out at Lake Mulwala the 1994 hectare grazing and cropping property “Tarramia” has been sold for above $10m .

Western Australia

The 3320 grazing property “Wilara & Highhill” in the Badgingarra district has been sold for around $8m equating to $2409 Ha – $975 per acre for the cattle property running some 3,500 weaners. Marketing agent was Landmark.

Queensland

The Isisford district property “Portland Downs” has reportedly been sold for $23m. “Portland Downs” is a grazing property of some 99,990 hectares. The sale price equates to $230 Ha – $93 per acre. ,Marketing agent was Boyd Curran of Landmark Harcourts.

Still on larger grazing properties the Central Queensland aggregation of “Iffley, Deverill & Twenty Mile” has been sold for around $50m. The sale price equates to $1204 Ha – $487 per acre for the 41,500 ha property. Marketing Agent was CBRE.

“Sunnyside” in the Brisbane Valley is a 2340 hectares grazing property which as been sold for $10m. Sale price equates to $4,273 Ha – $1729 per acre. The property is improved with a homestead, shedding and yards. Marketing Agents were Jez McNamara & James Croft of Ray White Rural.

And finally the Muttaburra property “Stockholm” has been sold for $3.85m equating to $325 ha – $131 per acre for the 11, 857 ha property. Improvements include the homestead, cottage, sheds & yards. Marketing Agent was Ben Forest Colliers.

 

 

 

 

 

 

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