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

• Overseas investor secures Jundah’s Hayfield
• Prime Riverina grazing country sells at auction

Overseas investor secures Jundah’s Hayfield

An overseas investor has paid around the $4.7 million asking price for backgrounding, breeding and finishing country in central-western Queensland.

The 31,708ha Hayfield is located 40km west of Jundah and 100km north of Windorah, with the original lease held by the Kerri Barton’s family for 75 years.

Elders agent Keith Richardson was unable to disclose the buyer or the price paid, but when Hayfield was listed earlier this year it was offered with a $4.7m price tag (bare of stock and plant).

The country is suited to cattle, sheep or goats and has previously run a fine wool merino sheep breeding enterprise.

Hayfield is growing a variety of grasses including Mitchell, Flinders and buffel, with large areas of flood-out country growing sweet fattening high quality feed.

Most of the country is soft chocolate, pebbly gidyea and scattered gidyea flats, Mitchell grass open downs, soft red mulga country with drought reserve, open grassy plains, some range and spinifex.

Around 8093ha are exclusion fenced.

Watered by 13 dams and three bores, there are numerous creeks and gullies that provide flood-out and are well established with buffel grass.

Infrastructure includes a three-bedroom home, a two-bedroom unit and cattle yards.

Prime Riverina grazing country sells at auction

Prime Riverina breeding and fattening country has exceeded expectations selling at auction for more than $2.6 million.

The 2527ha Yerrinbool, 18km east of Maude and 35km west of Hay, is low input pastoral country suited to sheep, goats and cattle.

It was sold by Tim and Tamara Mulholland from Noorong in New South Wales.

The purchasers were Victorian famers Alistair and Simone Murdoch (Kooloonong, 80km north-west of Swan Hill) and Melbourne-based Kevin and Tatiana O’Loughlin.

During the marketing campaign, Yerrinbool was offered with a $1000/ha ($400/ac) price guide.

Elders agent Matt Horne said after strong participation, the property achieved $1038/ha ($420/acre).

Yerrinbool features a mix of blue bush, cotton bush, salt bush, lignum bush, winter and summer grasses, medics and trefoil clover, with good weed management.

Under conservative management, it has been consistently carrying between 1200 to 1300 ewes plus replacements, with scope to run additional numbers when seasons permit.

Water is secured via the Darcoola Joint Water Authority, strategically positioned tanks and troughs and a 7ML water allocation.

Infrastructure includes a two-bedroom cottage, a four-stand shearing shed, sheep yards and sheds.