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A 663-hectare NSW farm sold for $8.7 million, setting a record at $13,122 per hectare.
A 663-hectare farming property in New South Wales, Pilca Butta, sold for a record $8.7 million in an Elders auction, reaching about $13,122 per hectare.
Located near Coolah and Dunedoo, the land has been family-owned for 85 years and features fertile soils, 5km of river frontage, and 90% arable land.
It supports cropping and livestock with established and newly planted lucerne, barley, and oats, along with solar-powered water systems and extensive infrastructure.
The sale attracted multiple bidders, with the winning buyer a farming family from Moree.
The property was marketed by Elders Real Estate.
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Una granja de 663 hectáreas de Nueva Gales del Sur fue vendida por 8,7 millones de dólares, estableciendo un récord de 13.122 dólares por hectárea.