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    Bill Ower.

AgLife: Land auction result reflects demand

A 125.01-hectare parcel of farming land on Bothes Road at Lower Norton west of Horsham sold at public auction for $1,482,864.

Bill Ower from Bill Ower Real Estate in Horsham said the price paid and high level interest shown in the property reflected the strong demand for agricultural land across western areas of Victoria.

Mr Ower reported the successful auction outside Wonwondah Hall for the land, ‘with no buildings, but very well fenced and watered by catchment dams with GWMWater pipeline through the property but not connected’.

He said the property was in two separate titles of about 71 and 237 acres and a crowd of about 80 people in attendance were from the Horsham, Toolondo and Arkona districts.

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“Good interest had been shown in the property prior to the auction, with 10 separate parties inspecting the property during previous weeks,” he said.

“The property included Norton Creek flats rising to medium loam soils with some buckshot and was good open farming and grazing country under wheat stubble.”

Mr Ower said advice was that the wheat crop yielded about 2.5 tonnes per hectare and the previous crop had been beans.

“Bidding commenced at $2500 per acre and rose under spirited bidding in $50 increments and finally $25 rises until being sold at $4800 per acre,” he said.

Mr Ower said the eventual buyers were from Lower Norton.

The entire February 24, 2021 edition of The Weekly Advertiser is available online. READ IT HERE!

The entire February 24, 2021 edition of AgLife is available online. READ IT HERE!