A giant Queensland cattle station has sold $35 m via online auction – this year’s biggest price fetched under the hammer by one of the country’s largest agencies.
Once bidders have registered to bid on Nardoo’s 97,500 ha cattle station, with the first bid coming in at a whopping $20 m.
Bill Seeney of Ray White Longreach and Ray White Rural Queensland Leader Bruce Douglas arranged this year’s sale that was “the highest under the hammer price across Ray White this year”.
“Interest came almost exclusively from larger grazier families around Queensland,” Mr Douglas said. “It’s good cattle country and very tightly held, properties don’t come up very often in the area so buyers jumped on it.”
He said the property saw strong interest all the way through the sales campaign.
“It was a good result, we thought it would be in that area (the price). Grazing cattle properties are exceeding expectations at the moment,” he said.