TOM and Joan Finlay’s Augathella breeding, backgrounding and fattening property Killarney has sold at auction for $8 million.
The buyers were Jeff and Lee Clews, Cronulla, Alpha.
Located in the tightly held east Augathella district, the 10,413 hectare (25,729 acre) property includes 2023ha of unfenced stock route.
The sale price is equal to about $768/ha ($311/acre).
Marketing agent Daven Vohland, Elders, said five parties had registered to bid after 20 individual inspections of the property. Bidding opened at $6.5m with two parties battling to secure Killarney.
The property is located 56km north east of Augathella and is estimated to carry 1500 breeders.
There is a diverse mixture of undulating soil types from heavy brigalow, belah, bottletree country with small area of downs to box, ironbark, pine, wattle rising to escarpments with valleys giving way to the Hoganthulla creek flats.
There is established buffel pasture throughout the property as a result of years of continued development. Pulling and blade ploughing has been undertaken throughout.
Water is supplied by three bores, 14 dams, four turkey nests, seven fenced water squares, 28 troughs, numerous tanks and permanent and semi-permanent holes in the 30km double frontage to Hoganthulla Creek. The bores are interconnected by poly pipelines.
The property is fenced into eight into main paddocks, four holding paddocks, four squares with lane systems. There is about 23km of maintained Dingo Barrier fence on the southern and western boundaries.
There is a 1000 head capacity set of portable steel cattle yards at the centrally located homestead. It has loading ramps, crush, new calf branding cradle and four way draft. There is also a portable panel cooler covering about 1ha on the eastern side of the yards.
Infrastructure includes a lowset modern timber five bedroom home built in 2003, machinery sheds, generator shed, containers, and caravan accommodation within a shed.
Daven Vohland, Elders, handled the marketing.