THE red hot cattle market continues to fire up the Central Queensland property market with the 1511 hectare (3734 acre) freehold Capella property Rickyl selling for $3.1 million at a Ray White Rural in Emerald.
Rickyl was bought by Colin and Jennifer Federson, Whitdale, Rubyvale. The sale price is equal to about $2052/ha ($830/acre). Four parties registered to bid at the auction on Thursday.
Graham and Lisa Ford sold the property in preparation for retirement to Northern NSW.
Marketing agent Russell Lindley, Ray White Rural, said the sale echoed the $4.75m sale of Matilda Downs in late January.
Located 18km east of Capella and 70km north east of Emerald, the property has 1268ha of grazing country and 243ha of contoured black soil downs cultivation country.
The country consists a mix of undulating ironbark/mountain coolabah basalt country running onto wide open creek flats. There are also areas of improved scrub country and patches of open downs. Grasses include buffel, bluegrass, eurocloa, forrest Mitchell plus areas of seca and verano stylos.
CLICK HERE to see Ray White Rural’s promotional video for Rickyl.
The large areas of creek flats are subject to safe flooding along Belcong and Tipperary Creeks which are also fed by Brynes and Splitters Creeks. These wide coolabah creek flats and channels are well grassed with a mix of forest Mitchell and buffel with green panic along the shaded channels.
The cultivation country is in three paddocks and is currently planted to both new and ratooned forage sorghum. Watered is supplied by a bore and three large dams, and numerous semi-permanent watering points along the network of creeks.
Rickyl is fenced into nine paddocks. Other improvements include cattle yards and a four bay shed.