Property

A grazing family from south-eastern NSW has picked up diversified grazing and farming aggregation Bulgoo for a district record for $13 million, at a rate of $621 per hectare bare.

Andrew and Andree Rowntree are have paid a figure reported to be between $15 million and $16 million for neighbouring south west slopes mixed farms Bowness and Willowmere.

A producer expanding their operations has snapped up the 81,000-hectare property Kutchera, including over 4,500 cattle, for more than $12 million prior to auction. Located in the Savannah Gulf region, between the Ethridge and Gilbert Rivers, Kutchera has an average annual rainfall of 800 millimetres and multiple stock watering points, 30 dams, 17 bores and five permanent lagoons, and boasts 5247 hectares of creek frontage, with five systems running through the property.

Five separate Queensland-based buyers have splashed out over $100 million combined for the THF cattle and irrigated fodder portfolio in the Fitzroy Basin. Spanning 21,900 hectares west of Rockhampton, include the 9,212 hectare Lucie Station at Bluff, as well as Mostowie (3,859 hectares), Karamea (3,744 hectares), Bindaree (3,168 hectares) and the 1,917 hectare The Pocket.

The future of the former Emerald Agricultural College site could be secured in early 2022, with Central Highlands Regional Council confirming its interest in acquiring part of the land. In a general council meeting in October, councillors voted to provide formal advice to the Department of Agriculture and Fisheries (DAF) about council’s desire to purchase approximately 350 hectares of the site, located on the Capricorn Highway.

Patricia Gill. A shortage of residential housing has led to fierce competition for Denmark properties which are being sold above the listed prices. This coincides with housing development stalling due to the cost of headworks and the reluctance of banks to lend for what they deem as risky projects despite low interest rates ... Country Property Brokers principal Joss Harman said the current market was cyclical and likened it to 2006.

Vendors of North Queensland’s Timaru have netted the $5 million asking price for the 16,596-hectare breeding operation. A producer from Springsure, in the state’s Central Highlands, bought the property, with the sale including 740 crossbred cows, 350 calves, 30 bulls, up to 50 heifers, and some plant.

Owners of the Bunderra Cattle Co brand, the Pickersgill family, have reportedly spent more than $30 million acquiring Bandana Station, in the foothills of the Carnarvon Ranges. The Central Highlands family already owns a portfolio of nine cattle properties around Rolleston, Bauhinia Downs, Alpha and the Northern Territory.

A productive broadacre cropping and sheep property known as Dixons in the West Wimmera Shire has sold to a neighbour for $3.6 million, of $4,391 an acre.

Parts of a tightly held grazing country in the Flinders Ranges have been sold for the first time in 114 years.

A local farming family has acquired the productive mixed farming enterprise Donadabu in south western New South Wales’ Bland district for $4,365,000, ending 63 years of ownership within the vendors’ family.