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Queensland cattle stations earn prime returns for investors
4 Apr 2005
Prices for grazing properties in Queensland have doubled in the past four years on the back of continuing strong demand for beef, and also due to the flow on affect of urban property price rises. Valuer Herron Todd White said the upward trend in grazing property prices was likely to plateau but demand would remain very strong. He said his firm saw good quality grazing properties sell for up to $4000 per beast area. Herron Todd White research in north Queensland has shown that during the four years to 2004, grazing property values have risen by 23 per cent annually.
Courier Mail, 04/04/05
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