Roseochi, a 2225-hectare broadacre aggregation near Swan Hill in Victoria's north-west, has smashed auction expectations to sell for $8.1 million.
Owned and farmed by the Jobling family since 1951, Roseochi had pre-auction hopes of around $6.3 million. It was bought by a Queensland farming family with connections to Swan Hill.
The price excluded the growing crop. Roseochi was sown to canola, lentils, peas, wheat, vetch, barley, oats and hay.
"Nothing like it has sold up here before," said selling agent Peter Robertson of Elders Real Estate. "It was the best cropping country offered for sale here."
Mr Robertson said the outstanding result – a record for the area – was due to competition between two bidders at auction.
"The new owners might operate it themselves or lease it out," he said.
When the Jobling family first acquired Roseochi it was a 407ha property which farmed sheep and grew wheat, barley and oats. It sold a...
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