fbpx
ALL NEWS
Media Release 29 January 2025

Local grazing family secures substantial portion of Moorabinda

Moorabinda in Central Queensland's Taroom district

A local Taroom family has secured a substantial portion of iconic Central Queensland holding ‘Moorabinda’ following a sales campaign which drew interest from corporate and private buyers, as well as institutional investors.

Under the transaction, where 50 per cent of the property sold and settled last month, one of the two owners who originally brought Moorabinda to market also grew their stake in the 15,976-hectare property which is renowned breeding and finishing in one of Queensland’s most sought-after livestock production areas.

Moorabinda was initially taken to market in July last year for the first time in the property’s 109-year history, however during the sales process, one of the owning families decided to stay at the property.

The large-scale beef production asset is located approximately 64km southwest of Taroom and is renowned for its backgrounding, breeding and finishing. The carrying capacity for half the property is approximately 3,000 adult equivalents, or 2,250 breeders.

Its strategic positioning near feedlots and road access to saleyards, made it an attractive proposition to both private buyers, corporates and institutional investors.

LAWD Director, Darren Collins, said it was a privilege to market such a quality asset given Moorabinda is one of Taroom’s largest and most iconic properties.

“Moorabinda is renowned throughout the district as a property of elite quality, featuring each element required for efficient and profitable beef production, at scale,” Mr Collins said.

“The sale naturally generated a lot of interest from private and institutional investors, and the outcome achieved was ideal for everyone involved.

“During the process, one of the original owning families decided they wanted to stay on and has increased their holding, and the new incoming purchaser was very happy to acquire the balance as it fitted in with their nearby backgrounding operation.

“It was a pleasure for our team to represent the vendors on the sale of this magnificent holding and we congratulate them, and each of the buyers, on the transaction.”

Southwest of Moorabinda in the renowned Maranoa region, LAWD is currently marketing Freeman Pastoral Co’s Meeleebee Downs, a 24,168* hectare property anticipated to sell for more than $140 million. The combination of secure and extensive water is supplemented by additional income from 22 Origin Energy gas wells and is expected to spark significant interest from institutional investors or corporate farming groups to high-net-worth individuals and existing cattle industry operators seeking to expand.

Subscribe for updates

Name
SELECT ALL INDUSTRIES YOU ARE INTERESTED I RECEIVING UPDATES(Required)
Accept(Required)

Employment Expression of Interest

Name
Drop files here or
Accepted file types: pdf, doc, txt, jpg, Max. file size: 20 MB.
    SELECT TEAM FOR YOUR MESSAGE(Required)
    I accept LAWD’s Privacy Policy.