Downsizers put two Queensland cattle properties up for sale
Tomoo Station in south-western Queensland is now set to go up for auction on June, 24.

Downsizers put two Queensland cattle properties up for sale

A downsizing couple has delayed the auctions of two cattle-grazing properties in south-western Queensland’s Maranoa district to take advantage of easing COVID-19 restrictions so more potential buyers can visit the sites in person.

Former pharmacist Dean Willaton and wife Theresa are selling Tomoo Station, a 27,700-hectare (68,450 acre) freehold property with a further 2994ha stock route at 3380 Tomoo Road, 85km south-west of Mitchell. The five-bedroom house on the property has been the home for them and their children, and the couple are now moving back to coastal Queensland.

They are also selling Bangor South, a smaller cattle-grazing property covering 2070ha on Redford Road, 18 kilometres north of Mungallala.

Bidding for Tomoo Station is expected to start at $10 million and at about $2.5 million for Bangor South when both go up for auction online on June 24, Colliers agent Trenton Hindman, who is marketing the two, said.

Tomoo, with a wild dog exclusion fence that makes it suitable for grazing sheep or goats as well as cattle, is likely to be sold as a standalone asset, Mr Hindman said.

“It’s not often we get a really nice home on a property like this,” he said. “You’d say it’s a $1 million home with a property. That ticks the box for a lot of people’s partners.”

The property also has a three-bedroom manager’s residence, a two-bedroom “governess’s quarters” and a four-bedroom shearers’ quarters.

The property has an average rainfall of 47 centimetres and 39 water points installed. Mungallala Creek, which flows through the property, provides a permanent waterhole.

About 80 per cent of the land has been cleared and sown to pasture or pulled for Mulga browse.

Bangor South, which has a wild dog exclusion fence on its southern boundary, is more likely to be purchased by a neighbour to extend their property, Mr Hindman said.

The drought is over in the region, and rising land prices are giving local farmers more equity against which they can borrow to extend their holdings, he said.

“A lot of people have got a lot of equity because the land values are going up,” Mr Hindman said.

The sale by the couple in their mid-50s was pushed back to allow more potential buyers to visit the sites in person without having to go through two weeks’ self-isolation, Mr Hindman said.

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