Traighli makes $4.3m

Traighli makes $4.3m

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Vendors Phil and Margaret Egan signing contracts with auctioneer Peter Fleming and Elders rural property consultant Clayton Smith.

Vendors Phil and Margaret Egan signing contracts with auctioneer Peter Fleming and Elders rural property consultant Clayton Smith.

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MOONIE property Traighli has sold at auction for $4.3 million today.

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MOONIE property Traighli has sold at auction for $4.3 million today.

Offered by Phil and Margaret Egan, the 2369-hectare (5854-acre) scrub soil property was auctioned by Elders in Goondiwindi.

The buyers were Elton and Pamela Petersen from Maryborough.

The sale included the 1137ha of wheat, 174ha of chickpeas and 526ha of fallow country. Recent rain had helped the potential yield of the crops.

Marketing agent Clayton Smith, Elders, said four of the eight registered bidders were active during the sale.

"Bidding started at $3m with the property sold under the hammer and under auction terms for $4.3m," Mr Smith said.

"The timing and marketing campaign was well received in the market place with numerous parties inspecting.

"The interest in Traighli was very strong. We received more calls and inquiry for the holding than seen for many years.

"The added advantage of a growing winter crop and good potential cash flow also added to buyer enquiry and certainly to the eventual auction result"

The sale price was equal to about $1815/ha ($735/acre).

Improvements included a well maintained homestead set in a quiet and secluded location.

Vendor Phil Egan addressed the crowd following the auction thanking everyone for their attendance, support and spirited bidding.

Phil and his wife Margaret are looking forward to some much earned time off and undertake travel plans.

A clearing sale will be held on Traighli in October.

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