A 15,600 hectare cattle property named ‘Ellendale Station’ in Queensland’s Einasleigh has been snapped up by Moola Brangus Stud owners Bruce and Sandy Ryan.
The Ryans bought the large scale cattle breeding station for around $7.5 million through a private treaty sale from long-term owners Terry and Philip Cranwell. After 44 years of owning the far north coast Queensland property, the Cranwells are now ready to downsize to Atherton Tablelands. The sale was facilitated by Ray White Rural Atherton agent Morgan Brennan.
The Moola Brangus Stud owners, who are based in Sapphire, in Queensland’s Central Highlands, said they are excited to be expanding their stud. “We’re looking forward to bringing our Brangus genetics up to the north,” Mr Ryan said. “We have worked with a number of agents in the past and Morgan has gone above and beyond and I doubt you would find better.”
Meanwhile, the Cranwells were thrilled by the successful campaign which lasted for four weeks and said settlement which was greatly appreciated,” Ms Cranwell said. Mr Brennan described the campaign as quick and said there was solid interest from the buyers from the beginning. “They wanted to secure the property because of the consistent rainfall in the area,” Mr Brennan said, “the bonus was the Einasleigh river frontage, quality, mixed heard of cattle, and well-maintained infrastructure.”
Like many regional towns in Australia, Mr Brennan said the Einasleigh market has been really strong. “We are seeing a lot of outside buyers coming from Townsville, Mt Isa, and Cairns looking to get into rural lifestyle properties. The market is booming but the issue we are finding is that we don’t have the stock to keep up with demand,” he said.
‘Ellendale Station’ went to contract on December 2 and settled on December 15, 2020. Approximately 1500 head of mixed cattle were included in the sale. Ray White Rural Atherton Principal Margaret Black credits the successful sale to the power of her sales tea, working together after fellow agent Suzey Whitby connected Mr Brennan to the Cranwells.
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