Qld cattle station sold for $48.25 million through auction

A central Queensland farming family have secured a 10,210ha cattle station, while a 4477ha station has been sold in a separate deal for $26.3 million.

Two family-owned Queensland cattle stations have been sold under the hammer to Australian buyers in separate deals worth almost $75 million combined.

The 10,210ha Rockland Spring cattle station, located 72km north of Rolleston near Comet in the state’s Central Highlands region, was sold through auction for $48.25 million on Friday.

An undisclosed central Queensland-based farming family has acquired the property with a winning bid equivalent to $4726 a hectare.

Conjunctional selling agent CountryCo’s Greg Hardgrave said the final result “exceeded expectations” as six live bids were recorded among four parties registered to bid on the Rockland Spring station.

Considered prime fattening country, Rockland Spring was offered for sale earlier this year by Sam and Louise Staines, ending a family tenure of the property dating back nearly six decades.

The 10,210ha Rockland Spring station has been sold for $48.25 million through auction.

Comprising 6200ha of developed scrub pastures (brigalow and blackbutt country) and 3000ha of developed tableland country, Rockland Spring can carry 3500 adult equivalents, with a further 500ha of Lancewood forest, areas of Spinifex and Ironbark, and 500ha of escarpment country.

CountryCo agents Greg and Mick Hardgrave, together with Sullivan Rural agent John Sullivan handled the sale.

Meanwhile earlier this week, Reade and Jill Radel and family, who operate Kandoona Red Brahman stud at their property Yebna, at Taroom, have expanded their landholdings in the state, securing a 4477ha property through auction.

The 4477ha Pameroo, has been sold to the Radel family for $26.3 million.

The Radel family purchased Pameroo, located in Queensland Maranoa district, 65km south of Roma, with a top bid of $5874 a hectare, or $26.3 million in total, for the equivalent of $23,909 per breeder area.

Pameroo was offered for sale by the Kadel family after 97 years of ownership, with the traditional bullock country property auctioned bare on April 18.

Three of eight registered bidders contested the auction, vying for the property estimated to run about 1100 cow and calves.

TopX selling agent Carl Warren handled the sale.

Also in Queensland this week, a family-owned 350,000ha cattle station in western Queensland will become national park after it was sold to the state government following a $21 million philanthropic donation.