Upper Murray farm near Jingellic sells for $5 million
A farm near Jingellic in the Upper Murray sold for $5 million last week. And the buyer isn’t from the area.
A grazing property near Jingellic in the Upper Murray sold under the hammer for $5 million last week.
The 617ha property, Mauna Loa at Ournie in NSW, was snapped up by a family out of the area.
The auction attracted four bidders and was attended by about 30 people.
Selling agent Geoff Palmer from Ray White said the price was about what he expected.
“We were happy with result,” Mr Palmer said.
“It is undulating country in which about 200 cows and calves have been run”.
Mr Palmer was unable to disclose the name of the buyer, but said they were not a local operator.
Mauna Loa features 18 main paddocks, 28 stock water dams and steel cattle yards that can comfortably work 80-100 cattle.
MORE PROPERTY
FARM NEAR HAMILTON RESOLD AFTER BUYER FAILS TO PAY
Regional Victoria and the Riverina sale and auction results, week ending February 2
Regional Victoria and the Riverina recorded eight property sales over a million dollars last week, the latest auction and sales results reveal.
$120m-plus price tag for huge outback grazing portfolio
A five-farm aggregation of 284,900ha in outback NSW and Qld has hit the market where it is expected to command nine-figure offers.