This article is from the Australian Property Journal archive
TWO cattle grazing land in Queensland’s Arcadia Valley region have sold for a combined total of $12.25 million.
Two separate Central QLD graziers bought Leeora Downs (3,560 ha) and Lotus Vale (3,499 ha) for $6.2 million and $6.05 million respectively. Both properties are located approximately 500km north-west of Brisbane.
CBRE Agribusiness sold the properties in conjunction with Peter Etheridge Properties on behalf of the McLoughlin family.
CBRE’s Geoff Warriner said despite continuing drought conditions in QLD, interest in the cattle industry was strengthening.
“While there has been a short term issue impacting the industry given drought conditions creating an oversupply of property and weaker market prices, these two sales are representative of renewed interest in the sector,” he added.
Property Review