Hunter Valley cattle farm breaks auction record at $5.4m
A 545-hectare cattle property in the upper Hunter sold for $5.4 million, a record $9,908 per hectare.
St Eloi is a 545-hectare cattle and cropping property near Merriwa in Hunter Valley. It sold at auction for $5.4 million.
The price breaks the record for high quality cattle land that can be cultivated in the upper Hunter region. It reached $9,908 per hectare.
Three bidders competed for the property. It sits 15 kilometres west of Merriwa and is about 90 per cent arable land.
The property features deep black basalt soils and equipped livestock yards. There is a substantial 24x12m machinery shed and two additional storage sheds.
It has a four-bedroom homestead with a pool.
- 545 hectares
- Property size
- $5.4 million
- Sale price
- $9,908
- Price per hectare
- 15km west of Merriwa, upper Hunter
- Location
Why it mattersRecord rural property prices show investor confidence in cattle and cropping land, despite economic headwinds affecting other sectors.
AustraliaThe record price demonstrates continuing demand for premium agricultural land in NSW, suggesting farmland remains a safe investment.
✓ Claims checked against the source and corrected before publish. checked 3 h ago
