Aussie family snaps up Queensland cattle farm at auction

A 7915ha cattle farm in Central Queensland has been sold post-auction for more than $27m after it was initially passed in. See the details.

Isaac region grazing property Pasha, has been sold after 52 years in the hands of the Heelan family.

A Central Queensland cattle farming family have expanded their landholdings after securing a tightly held farm at auction for millions.

The Heelan family offered the 7915ha backgrounding and finishing property, Pasha, for sale via auction on Wednesday, April 9, at The Commercial Hotel in Clermont, in front of a crowd of almost 100 people.

There was seven registered bidders for the Pasha property, which was initially passed in through auction for $27.5m, or the equivalent of about $3470 a hectare.

The property was then sold following post-auction negotiations to a private farming family with interests in the Clermont region, for an undisclosed sum.

It is understood the post-auction deal was worth about $3700 a hectare, or more than $29m in total.

Held by the Heelan family for more than 50 years, their Pasha was conservatively estimated to carry 2500 Adult Equivalents (AE).

A Clermont region farming family have purchased the 7915ha Pasha cattle farm.

Graham and Kristy Heelan listed the property for sale last month, offering 4406ha of developed gidgee and brigalow with melonholes, 1421ha of poplar box, 782ha of river red and blue gum alluvial flats, 762ha of eucalypts and bloodwood on clay and 544ha of brigalow with blackbutt.

Developed pastures of predominantly dense buffel stands were supported by other improved pastures and native grasses at Pasha.

Water at the Pasha property, located 50km northwest of Moranbah, is supplied from the Suttor River, Eaglefield Creek and Nibbereena Creek, underpinned by three water licences, and two bores, supplying livestock water via pipelines to 14 tanks, two turkey nests and 32 troughs.

Infrastructure included two sets of cattle yards, machinery shedding, hangar, workshop, airstrip and fuel storage.

Pasha includes permanent water holes from the Suttor River.

A main four-bedroom brick homestead, a second original homestead and a three-bedroom cottage offered accommodation options for owners and staff.

LAWD agents Grant Vievers and Simon Cudmore handled the sale along with Kennedy Livestock & Property agent Jake Kennedy.

Last month Pasha hit the market alongside other first class Queensland grazing assets including a 34,005ha Central Queensland property.

Major Australian agricultural investor and asset manager AAM Investment Group is selling the Mt Harden Aggregation, comprising three contiguous properties: Mt Harden, Lowana and Morundahm, located 72km south west of Blackall.

Purchased by AAMIG in 2021 for $24.8m, the breeding, backgrounding and bullock fattening property is rated to carry 6172 adult cattle equivalents. No price guide for the aggregation has been offered.

Originally published as Aussie family snaps up Queensland cattle farm at auction