540 acre Woolangubra sold in fully online auction

The 538 acre Woolangubra near Yass sold under the hammer last week for $375,000 over reserve.

Set to hold part of the Bango wind farm, the hotly contested green energy acreage sold for $1.6 million.

The winning bidders, Kerry and Roger Rayner also own the adjacent land and plan to continue expanding their sheep operation to grow their existing Merino and Dorset sheep numbers.

The online auction was held at the New South Wales head office studio and called by Ray White New South Wales CEO and auctioneer Jason Andrew.

Drawing 11 registered bidders, the auction capped off a campaign that Ray White Yass | Canberra selling agent Dominic Johns said attracted strong interest from start to finish.

“We had a good level of interest the whole way through the campaign especially with it being such a unique property, there were three or four different private inspections each week which was excellent,” Mr Johns said.

Ray White Yass Canberra agent George Southwell believed it could be the first wind farm that has ever been sold publicly in Australia.

“I haven’t been able to find another wind farm sale like it in Australia so I am certain it could potentially be the first,” Mr Southwell said.