NewsBite

Bogie murder victims’ farm sold for massive profit

A large farm of Maree and Mervyn Schwarz, a Bogie couple alleged to have been murdered by their neighbour last year, has sold for a massive profit.

A large farm of Maree and Mervyn Schwarz has sold. (Image edited)
A large farm of Maree and Mervyn Schwarz has sold. (Image edited)

A massive farm of Maree and Mervyn Schwarz, a Bogie couple alleged to have been murdered by their neighbour last year, has sold for a massive profit.

Maree and Mervyn Schwarz – as well as her son Graham Tighe – died from gunshots wounds while a second son Ross Tighe survived after a mass shooting on a property in the tiny town of Bogie on August 4 last year.

The couple owned a large 1962 hectare farm called Doonkoona 20 minutes from the town of Tara in the Western Downs region – about two hours north west of Toowoomba – which they had bought about five years before deciding to also purchase the enormous 30,000 hectare farm in Bogie for $10m where they died.

MORE: Major tax crackdown on landlords, side hustles and AirBnbs

Twist in ‘remarkable’ Brisbane property market as sales drop

Listing pictures taken earlier of Doonkoona. Picture: realestate.com.au
Listing pictures taken earlier of Doonkoona. Picture: realestate.com.au
Property records are now showing the farm as having sold to a company linked to a Queensland couple living just over two hours away. Picture: realestate.com.au
Property records are now showing the farm as having sold to a company linked to a Queensland couple living just over two hours away. Picture: realestate.com.au

Property records show Doonkoona was listed for sale on March 6 this year, seven months after the couple’s deaths, with a price guide of $8.45m.

The Schwarz’s had sealed a deal to buy Doonkoona for $2.6m in September 2016 with Titles Queensland documents showing Suncorp-Metway Ltd lodged a mortgage over it four months later. The couple had got a $551,000 discount on the previous listed price of the property which was bought as joint tenants – meaning either of them would get sole ownership if one of the pair died.

No official figure has been recorded as yet for the farm’s current sale price, though the new owners had only a year ago paid $2.05m for a 1,100 hectare property just over two hours away.

The price the Schwarz’s Doonkoona farm was listed for was $5.85m more than they had paid in 2017.

The property is listed as being capable of handing 550 breeders or equivalent adult or weaner cattle. Picture: realestate.com.au
The property is listed as being capable of handing 550 breeders or equivalent adult or weaner cattle. Picture: realestate.com.au
The property was watered by 10 dams according to its listing. Picture: realestate.com.au
The property was watered by 10 dams according to its listing. Picture: realestate.com.au

MORE: See the latest PropTrack Home Price Index

The property had been listed as having an array of farming credentials including 15 main paddocks, watered by 10 dams, with an estimated carrying capacity of 550 breeders or the equivalent adult or weaner cattle.

The farm has a five bedroom main homestead connected to rain and bore water, as well as a three bedroom workers cottage.

Maree and Merv Schwarz and Graham Tighe all died after a shooting at a Bogie property west of Mackay. Ross Tighe survived a gunshot wound to the stomach after undergoing emergency surgery.
Maree and Merv Schwarz and Graham Tighe all died after a shooting at a Bogie property west of Mackay. Ross Tighe survived a gunshot wound to the stomach after undergoing emergency surgery.

“Doonkoona presents the discerning buyer the opportunity to secure a quality grazing property with scale,” the listing said. “Much of the hard work is done. Centrally located between Dalby, Roma and Goondiwindi, Doonkoona has access to several major feedlots, and tier-one meat processors in Southern Queensland and Northern NSW.”

The murder case involving incidents around the couple’s death as well as that of Mrs Schwarz’s son is currently still in court.

FOLLOW SOPHIE FOSTER ON TWITTER

How much do I need to retire?

Originally published as Bogie murder victims’ farm sold for massive profit

Original URL: https://www.thechronicle.com.au/property/bogie-murder-victims-farm-sold-for-massive-profit/news-story/76ceff8ebf02efacb64bac215dd72a6c