Menu
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



GOTCHA: Residents have speeders in their sights

Ryan Brown is fed up with how fast trucks and cars are going through Ulmarra, so he has bought a speed gun to see how fast they are going.

Group purchase speed radar gun to gather proof of speeding

Today show to visit Ulmarra residents

A truck is lifted from the Pacific Highway near Ulmarra after it rolled early Saturday morning blocking the highway in both directions.

Campaign to fix black spots to reach national audience

Incredible drone footage of Byron Bay, Gold Coast

A shot from the stunning video. Credit: @LukesDroneEdits

"I basically go out exploring and I film it.”

Local Partners

Cost-effective hacks bring high-class style to your home

Create warmth with vintage-style light bulbs.

These home hacks can make a big difference for a small spend.

New York cheaper than Brisbane

A new survey has found Brisbane’s housing market is more affordable than New York’s.

Homes in New York are more affordable than those in Brisbane

$120K home sells for $3m plus

Rod and Kathy O'Connell have sold their home in Chelmer. Image: AAP/Claudia Baxter.

Five bedroom home sold for first time in 27 years

Millionaires' rim is Buderim luxury

LUXURIOUS: This multi-level home with stunning views is up for auction.

What will a couple of million dollars buy you on the Sunshine Coast?