ONGOING demand for Central Queensland cattle country has seen the 974-hectare (2407 acre) Baralaba property Eulo sell for $2.05 million at an auction in Moura today.
The freehold property sold to Harrison McCoy, Perch Creek, Duaringa, for the equivalent of about $2105/ha ($852/acre).
Eulo is located on the Dawson River and is described as brigalow and softwood scrub country running down to alluvial blue gum river flats. About 80ha has previously been cultivated. Eulo is divided into eight paddocks serviced by a laneway. There are six dams and there is an irrigation hole.
The auction was conducted by Gary Bishop and John Crerar from Hourn & Bishop Queensland in the Moura Tavern. The auction had 11 registered bidders.
The sale of Eulo follows the sale of Struan between Comet and Rolleston $15.9m yesterday.
Struan sold for the equivalent $1422/ha ($576/acre).
The attention of the rural property market is now focused on the 2173ha Raff Angus aggregation at Drillham.
The western Darling Downs property will be offered on a walk-in, walk-out basis by Roger Lyne and Andrew Kirtley from Ray White Rural in Brisbane tomorrow.
