Gympie-based graziers, the Gear family, have bought Glenwood, south-east of the Queensland township of Emerald, for $8.12 million after it was passed in at $7.7 million at a Beef 09 auction in Rockhampton last week.
According to The Australian Financail Review, the 3583ha mostly freehold property has frontage to the Comet River and the capacity to run 1500 bullocks.
There is a four-bedroom homestead on the property.
The vendors were the Muller family.
The sale was negotiated by Landmark's Darryl Langton.
The Gear family previously owned properties at Blackall and Aramac in central Queensland and Charters Towers in north Queensland.
At the same auction, the 174,213 ha property Koolatah outside Mareeba with close to 13,500 head of cattle was passed in at $12.25 million.
Expectations were for more than $15 million.
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