NZ investor buy Quilpie country

Quilpie country sold to NZ investor

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SOLD: The 49,316 hectare Granville aggregation at Quilpie has sold for $2.9 million.

SOLD: The 49,316 hectare Granville aggregation at Quilpie has sold for $2.9 million.

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The 49,316 hectare Granville aggregation at Quilpie has sold for $2.9 million.

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A NEW Zealand investor has bought the 49,317 hectare (121,862 acre) Granville aggregation at Quilpie for $2.9 million.

Offered by the Sargeant family, the sale of the cattle property was handled by Sam Bartlett from Elders and Trenton Hindman from Colliers International. 

Made up of predominantly sandy loamy type mulga country with flooded mulga flats, the country is described as suitable for breeding, and seasonal fattening.

The carry capacity is estimated to be for 1400 cows and calves or the equivalent in normal seasons.

The sale price is equal to about $59/ha ($23.80/acre). 

The Sargeant family entered into a sale and leaseback agreement on the property as a means of expanding its pastoral activities in the region.

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