Central Queensland farm secures 12 percent price growth: HTW

The Central Queensland wet season has now concluded and most areas have received at least average rainfall for this period, however some patchy dry areas remain, particularly in the Central West.

After some good March rainfall, most graziers from the Central Highlands to the coast are entering the winter months with a fair body of feed.

Transactional activity continues at a steady pace with a number of sales across all market spectrums, according to valuer Herron Todd White's latest rural report.

Some offerings have been passed in at auction or alternatively withdrawn from sale as a result of firming vendor expectations.

Albinia which comprises a 19,177 hectare scrub and forest grazing property located 180 kilometres north-west of Clermont was offered at auction during March. The property was well contested but was passed in and reportedly sold soon after for $11.5 million.

The property last sold in October 2009 for $11.75 million on a walk in, walk out basis. Allowing for the inclusions in the previous sale, it indicates an increase on the 2009 sale in the order of 12 percent.