UPDATE: Chris and Carolyn Hood’s top quality Darling Downs farming property Oakdale, has sold after it was initially passed in for $1.8 million at a Ray White Rural in Dalby today.
Covering 386 hectares (954 acres) of predominately level self-mulching black to grey soils, the farm near Dalby is ideally suited to both grain and cotton production.
The auction attracted a crowd of about 25 people with four parties registering to bid. The sale price was undisclosed, but is understood to be a higher figure than $1.8m.
Oakdale is be offered ready for summer production on the farm’s 364ha of cultivation. At present about 80ha can be irrigated with a total of 243ha laser leveled for future development.
There is a 233ML water storage with a development approval in place to increase to 1022ML. At present there is a pumping capacity of 55ML/day with approvals in place to increase to 323ML/day.
Water is also supplied from a bore pumping about 110,000 litres/hour and a stock and domestic bore providing water to the house and garden.
Improvements on the property located 12km south east of Dalby include a three-bedroom home and a silo complex with aerator.
The marketing of Oakdale was handled by Andrew Kirtley and Roger Lyne from Ray White Rural, Dalby.