THE rural property market continued its stellar run driven by historically high cattle prices and ongoing institutional investment.
The market for cattle country was also influenced by demand for training land by the Department of Defence.
The department agreed to buy Peter Camm’s 27,000-hectare Glenprairie Station, north of Rockhampton, Queensland, for as much as $45 million.
Mr Camm bought the property for $28m just three years before from Sir Graham McCamley.
Peter’s brother David and David’s son Bryce celebrated the sale of the Camm Agricultural Group's three Charters Towers, Qld, beef properties in a deal worth $72.5m.
Natal Downs, Longton and Narellan cover 390,600ha.
Tony Clift’s South West Queensland properties Mount Margaret and Kyee sold to Usher Pastoral Company.
Usher Pastoral also owns and Orient and Norley in the Channel Country, as well as land in the Taroom/Wandoan district.
The 634,745ha aggregation is estimated to run 18,000 dry cattle – 10,000 cows or 60,000 sheep and 6000 cows.
Peter Sherwin bought the 259,000ha Northern Territory cattle property Broadmere Station for about $7m through CBRE.
The property has an estimated carrying capacity of 6500 head.