April 22, 2018
Two South Burnett cattle properties fetched a total of $6.7 million when they were sold at auction in Brisbane on Friday.
‘Galloway Downs’, at Tansey, sold for $4.3 million, while ‘Boonimba’, at Windera, sold for $2.4 million.
Both properties were marketed by Ian Newson, from Ray White Rural at Mundubbera.
The 4800-acre ‘Galloway Downs – on eight freehold titles – was described as top quality grazing land integrated with fodder cropping.
It included 360 acres of blue gum creek flats used for irrigated and dryland cropping, three irrigation bores, a licence to pump from Boonara Creek, dams, farming and irrigation equipment, yards, a machinery shed, hay shed, grain storage and silage pits.
Also included was a six-bedroom country homestead overlooking undulating grazing country.
The 6430-acre ‘Boonimba’ – on two titles – was described as a potential eco-tourism resort or private retreat, including a 6km frontage to Barambah Creek, Barambah Gorge, lava flows and a rich diversity of native flora and fauna.
A herd of Simbrah breeders was included in the sale, along with two cattle yards and seven dams.
The agents emphasised there was an immediate cashflow possible from the harvest of mature trees on the property, and income for decades from younger trees under the Managed Hardwood Program.
