Qld’s Glenmore sells at auction, Schembri buys NT’s Annaburroo

Linda Rowley, August 11, 2023

The 389ha Glenmore has sold to Max and Shelley McNab from Southbrook. Photo: Matt Cleary

AN AGGREGATION boasting some of the finest soils on Queensland’s Darling Downs has exceeded expectations, selling to two separate buyers for a
combined $10.85 million at auction.

The 775ha Glenmore Aggregation comprises three neighbouring properties located 8km south of Pampas, 20km east of Millmerran and 42km from

For the past eight years, it has been held by Longreach producers James and Susie Milson who recently paid $3.6M for land north of the Landsborough Highway that once formed part of Longreach Pastoral College.

Combined, the aggregation has 745ha of cultivation country with the balance consisting of river frontage.

Soils vary from deep black self-mulching black clay soils, with 30ha of red loam soils on Glenmore.

Max and Shelley McNab from Southbrook paid $4.95m to expand with the 389ha Glenmore.

Around 110ha planted to wheat was included in the sale.

The balance of the country is fallow with 25ha of red loam pasture country that could be cultivated and cropped and 20ha of timber and lagoon frontage country.

Glenmore is watered by an equipped bore and the infrastructure includes 490t of grain storage in four silos, a machinery shed and cattle yards.

The property features an historic Lutheran church and a hall built by the Uebergang family who  once owned the property.

Goondiwindi producers Will and Jayne Davidson will relocate to the 260ha Hawthorne and 125ha Janyne after paying $4M and $1.9M respectively.

  • Hawthorne: Around 80ha are planted to wheat (included in the sale) with the balance long fallow ready for summer crop planting. There are
    10ha of Condamine River frontage and an equipped bore. Infrastructure includes two homes, numerous sheds and 165t of grain storage.
  • Janyne: More than 40ha planted to wheat (included in the sale) with the balance long fallow ready for summer cropping. It is watered by two equipped bores and has a five-bedroom home, sheds and 330t of grain storage.

Matt Cleary from Ray White Rural Toowoomba handled the sale.

Annaburroo, NT

Lithgow-based businessman Neil Schembri has paid around $15M for a mixed-farming operation including 2600 mixed cattle in the Northern Territory’s Top End, ending 20 years of ownership by Greg Thompson.

LAWD agent Olivia Thompson was unable to disclose the price paid for Annaburroo Station but when it returned to the market in May, it was offered for $15M.

Ms Thompson fielded strong interest from across Australia, including investors looking to benefit from fibre and protein opportunities in Asia, as well as owner-operators looking to expand.

Mr Schembri is the founder and co-owner of Greenspot, a privately-owned Australian company that invests in real estate opportunities, in particular
repurposing old industrial sites.

Mary River floodplain country is a feature of Annaburroo. Photo: LAWD

The 29,101ha Annaburroo is located near Point Stuart, 71km from Adelaide River and 150km east of Darwin in the Northern Territory, in a region which typically receives 1300-1400mm of annual rain.

The finishing enterprise or holding depot is conservatively running 2000 cattle including 1400 breeders but it could carry 7500 head if pastures were
improved on the 1500ha of Mary River floodplains.

Irrigation and dryland farming are possible, with 2000ha identified by industry experts as potential cropping and farming areas.

Currently, 148ha is producing roughly 2500 round bales per annum, and an additional 30ha has been cleared for cropping.

Expansion of the cropping area and development of irrigation would be subject to the granting of a surface water extraction licence.

Water on Annaburroo comes from a 20km Mary River frontage, 28 dams and eight bores, five of which are solar equipped.


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