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‘Ballandool’ Sold

By Nyree Reushle

Dirranbandi property ‘Ballandool‘ has sold at our Ray White In-Room Auction for $6.8 million to neighbours the Gobbert family.  The price equates to about $244/hectare ($99/acre).  The losing bidder was a Hong Kong-based company.  The 27,853ha (68,926ac) property is located 20km west of Hebel and has 5540ha of cultivation, and an additional 2428ha which could be developed for cultivation.  ‘Ballandool‘ has been a dryland farming property since the sale of its water entitlement under a federal government water buy-back scheme.  Improvements include a homestead, cottage, quarters, sheds and a sealed airstrip.  Bruce DouglasRay White Rural Queensland and Mark SchwerinRay White Rural St George handled the sale.

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