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 Douglas – Ray White Rural Queensland and Mark Schwerin – Ray White Rural St George handled the sale.
Congratulations to our buyers and vendors of ‘Bailey’s Ridge’ sold at Auction recently. The Australian Financial Review featured an article about the sale. Australian Financial Review article
Nerida Conisbee – Ray White Chief Economist In this week’s economic update, I take a look at the influence that our booming agricultural sector and the return of expats is having on our property markets. The shift to regional Australia isn’t just about lifestyle, it’s also about beef and wheat … Read more