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A $25M Australian cattle property sale nets major profit for former owners.
A 1,358-hectare cattle property in New England, Australia, sold for $25 million at auction, marking a major capital gain for owners Matthew and Melissa George.
The land, acquired in 2021 and 2023 for $22.25 million, sold at $18,409 per hectare, with bidding starting at $23.7 million.
Located on the Great Dividing Range with high rainfall and fertile basalt soils, it features strong water security, extensive infrastructure, and upgraded homesteads.
The buyer, an established local beef producer, remains unnamed.
The sale, handled by Ray White Rural NSW, sets a high benchmark for the region.
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Una venta de 25 millones de dólares de propiedad de ganado australiano genera grandes ganancias para los antiguos propietarios.