AN AUSTRALIAN buyer has purchased South Callandoon from the Duddy family, for an undisclosed sum believed to be around $100 million.
Sold through a Nutrien Harcourts Goondiwindi expressions-of-interest campaign which closed last month, agent Andrew Jakins confirmed the sale will not require Foreign Investment Review Board approval.
“The property is now under contract to a corporate family that is already in agriculture, including cotton,” Mr Jakins said.
“The sale price and purchaser will remain confidential until we have an unconditional contract.”
Fronting the Macintyre River on the Queensland-New South Wales border, the property covers 12,168 hectares, and is a renowned producer of cotton, cattle, grain and pulses.
The property sits 20 kilometres west of Goondiwindi, and its climate is ideal for summer and winter cropping, with 4400ha suited to dryland farming, and 1772ha developed for irrigation.
Improvements include four homes plus staff quarters, machinery sheds, a workshop; a 10,000-tonne grain complex, and cattle yards.
Cotton is South Callandoon’s main irrigated crop, and the property has an on-farm water-storage capacity of 17,400 megalitres.
Coolibah South sells, Widgewa lists
Coolibah South, 15km west of Mungindi, and 160km south-west of Goondiwindi, has sold for $6 million.
Vendors the Longworth family marketed Coolibah South through Prosser Hutton at Mungindi and Moree Real Estate.
Covering 2710ha, Coolibah South has around 2185ha of heavy black floodplain country.
New to border-region listings is Widgewa, a 4922ha mixed farming property 65km north of Goondiwindi, with the Weir River as its western boundary.
Widgewa last sold in 2012, and has an annual average rainfall of 600 millimetres.
Widgewa’s soils run from heavy cracking clay to red country, and its buffel and native pastures are providing an excellent body of feed following recent rain.
Around 1022ha of Widgewa has been developed for dryland farming, and additional area has been farmed but put back to pasture.
Widgewa has three 45ha pivot sites and one seven-span Reinke pivot with mains running from its 1200-ML storage dam.
Historically, one pivot has operated on two sites to water a cotton and wheat rotation.
In the past 12 months, Widgewa has had a new exclusion fence installed around part of its boundary.
Widgewa is currently a cattle breeding and backgrounding operation, with 500 breeders running on the grass country for vendors Nick and Katie Benson who are relocating to a cattle property at Walcha.
The Bensons are currently planting oats, wheat and barley after recent rains.
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