Property

$1.8m of red soil goes under the hammer in Bundaberg

SOLD: The property at Howletts Rd, Alloway, which went under the hammer on the weekend for $1.8 million.
SOLD: The property at Howletts Rd, Alloway, which went under the hammer on the weekend for $1.8 million. Domain

A BUNDABERG farming family has paid $1.8 million for an 83ha property at Alloway.

Red soil, fruit trees and a backing onto the Elliott River are some of the features that attracted attention from across the agricultural community.

The sale comes on the back of a rural land value boom.

Elders Bundaberg marketing agent Baden Lowrie told Queensland Country Life the property had created plenty of interest during the course of the marketing campaign, particularly in the macadamia industry, given the farm's soil types and water security.

 

SOLD: The property at Howletts Rd, Alloway.
SOLD: The property at Howletts Rd, Alloway. Domain

There are 96mL and 240mL water licences from the Elliott River. Underground mains and hydrants traverse the farm.

The farm has 53ha of cultivation and 10ha with 1770 avocado, 391 mango and 61 custard apple trees irrigated by under-tree drippers.

The balance of the land is undeveloped timbered country, with a home, cottage and sheds.

The sale price is equal to about $21,687/ha.

Last week it was revealed a 123ha Bucca farm sold to an Asian-based buyer for $2 million with plans to convert the property from sugar cane to macadamias.

 

SOLD: The property at Howletts Rd, Alloway.
SOLD: The property at Howletts Rd, Alloway. Domain

It follows the release of the Valuer-General Property Market Movement Report showing primary production land values in the Bundaberg region jumped by 10.3% over the last year.

The boom brings the total value of primary production land in Bundy to $488,526,000.

Ashley Lynch, of Four Walls Realty, said agricultural land here was "as good as it gets".

He cited strong prices for produce and a tight-knit business community as some of the attractions.

"People are looking to the future. Bundaberg is the place to be."

Topics:  alloway farm land value primary production property real estate



BRRRR! Qld and Northern NSW set to shiver this Friday

QUEENSLAND is set to shiver through one of its coldest mornings

Indigenous health clinic now open

ABOVE: Page MP Kevin Hogan with Uncle Harry Walker Mundine at the opening of the $4.7 million Djanangmum Health Clinic in Casino.

Service to improve quality of life for community

Local Partners

Play School live concert coming to Fraser Coast

Presenters Alex Papps and Michelle Lim Davidson will be taking the stage with some of the show’s favourite characters including Big Ted, Little Ted and Jemima.

Toowoomba 'already proud' of singer ahead of TV debut

STAR: Brittania Clifford-Pugh is on The Voice tonight.

'We've applauded her many times in her performances'

Madonna biopic in the works

A biopic is being developed about Madonna’s life in New York City in the early 1980s.

MADONNA’S life as a pop star will be documented in Blonde Ambition.

Billionaire Elon Musk and Amber Heard hit Shingle Inn

Amber Heard and Elon Musk enjoy a bite to eat at the Shingle Inn, Broadbeach.

Actor Amber Heard and billionaire Elon Musk are enjoying Qld

New Netflix doco on JonBenet Ramsay's death makes huge claim

A new documentary will air claims that child beauty queen JonBenet Ramsay was murdered by a paedo sex ring.

New claims that JonBenet Ramsay was killed by a paedophile sex ring

Movie review: Guardians Of the Galaxy Vol. 2 delivers on all fronts

Star-Lord/Peter Quill (Chris Pratt) and Drax (Dave Bautista) in Guardians Of The Galaxy Vol. 2.

Does Guardians Vol. 2 live up to high expectations set by original?

Sir Elton John hospitalised with rare infection

CROCODILE ROCKER: Sir Elton John will head to Mackay in September for the first stop of his Australian tour.

Elton John cancels shows after becoming violently ill.

Townhouse pitch raises questions over 'high density'

BIG PLANS: Residents have a chance to offer their opinion on plans to build 42 townhouses at Raceview.

Developer plans 42 townhouses for Ipswich suburb

7 million dollar city homes for sale right now

3 Keira Court, Blue Mountain Heights.

Here are seven of Toowoomba's best, and most expensive, houses

Lisa Curry and fiance sell up Sunshine Coast property

I'm a Celebrity, Get me Out of Here! contestant Lisa Curry with partner Mark Tabone after being evicted from the South African jungle. Picture: Dylan Robinson ***EMBARGOED 7:30pm March 9th***

Plans for dream home on hold at Mount Mellum place on market

SOLD: Iconic M'boro pub set to be transformed

Shane Muller from Maryborough Motorcycles will be opening up a showroom and café at the Shamrock Hotel.

The Shamrock Hotel is set to be transformed in the next two months.

Want to own iconic North Coast pub?

The Beach Hotel, Byron Bay.

This rare piece of Byron Bay is now looking for a new owner

Ready to SELL your property?

Post Your Ad Here!