Glendower Dam property sell-off nets almost $8 million

Five properties were sold off at the Queensland government’s recent auction of properties marked for the Glendowner Dam project.

More than 200 people attended the event in Beudesert, with registered bidders battling it out for the properties which eventually achieved a total of $7,995,000.

The Stage 2 Glendowner Dam Project auction included properties that are about 60 kilometres from the Gold Coast and 70 kilometres from Brisbane.

It included two blocks of vacant land of 50 hectares, a house on a 4046 square metre block, and two farms with frontage to the Albert River with irrigation licences, houses and sheds.

Ray White Rural Queensland's Peter Douglas described the auction as one of the best auctions he’s been involved with, and said the two ex-dairy farms sold for $3,530,000 and $2,920,000.

The two vacant blocks of 80 hecatre land sold for $600,000 and $650,000, with the house selling for $295,000. 

"We sold everything under the hammer and didn't pause for anything. It was good strong competition between buyers from Brisbane, Gold Coast, locally and country areas of Queensland," Douglas said.  

"The first stage saw the completed disposal sale of six properties at auction in June.

"Together with Ed Dalton and Andrew Thomson of Ray White Rural Beaudesert, we will offer Stage 3 shortly which will consist of more outstanding grazing and farming country and lifestyle blocks."