Walkerston cattle property sells for $8.2m at auction

A stunning cattle estate has gone under the hammer for a mammoth amount as the rural property market bucks soaring interest rate trends.

Two bidders pushed a stunning cattle estate west of Mackay to a mammoth $8.2m at a nailbiting auction as the rural property market bucks interest rate trends.

This latest sale, by Ray White Sarina’s Kent Street, follows a number of successful rural property auctions including at Yalboroo, Palmyra and St Lawrence.

The combined total reached just less than $60m in the past 12 months proving there was a strong market for good quality rural properties.

Located at 84 Austin Rd, about 10 minutes from Walkerston, it was “all grazing country” and also includes 230 steers.

Set amid the 245 hectare lot was a five-bedroom plus office, two-bathroom brick home.

Mr Street said the house was about 16 years old but presented “as new” and the space also included a 24m x 12m Colorbond high-clearance shed.

The property included a five-bed home and huge high-clearance shed.

The huge space, which is on three freehold titles, was fenced into about 12 paddocks with a laneway system to the cattle yards and watering squares.

Mr Street added there was also about 18ha of leucaena, which is a legume fodder crop.

The property also had about 180 megalitres of Kinchant Dam irrigation allocation.

“Once again … good quality rural properties are defying interest rate trends or residential trends,” Mr Street said, adding the push for rural properties was still strong given the cattle market was still strong.

The Walkerston property comes with 230 steer.

“And the good rain over the past week … provides confidence to those out west that they’ve got good times ahead.”

There were 40 registered attendees for the auction on Thursday with seven registered to bid and two active bidders.

Mr Street said there would have been about four bidders who were “in the ballpark of the sale price”.

“There was a lot of comment that this was the best property they’ve seen,” he said.

It also has about 180 megalitres of Kinchant Dam irrigation allocation.

Mr Street said the Rockhampton buyer, who owned an earth moving business, was looking to eventually relocate and this was the perfect spot.

“He’s ecstatic,” he said, adding the seller had the property for about eight years.

“You couldn’t ask for it to be presented in a better fashion than what they’ve done.”

A 94 hectare cane farm on Munbura Rd at Balberra will come under the hammer on July 28.

“The auction system is providing good competition,” Mr Street said.