Upper Murray farming land remains in strong demand despite the challenges continually being posed by COVID-19 with a property near Tooma selling for $3.3 million at auction on Thursday.
Selling agent Elders Albury was unable to conduct the auction onsite at River Road, Welaregang due to the ongoing regional NSW lockdown and switched to an online selling platform.
The online auction still had six registered bidders with the 313 acre property, Myora, owned by Sheather family, selling for more than $10,500 on a per acre basis.
The highly sought after farm is located in an area with annual rainfall of up to 800 millimetres with the sale handled by agents Henry Mackinnon and David Gittoes.
IN OTHER NEWS
Mr Gittoes said the demand for property was still high despite the COVID curve balls being thrown up.
"The result was above vendor expectations," he said.
"All the inquiry we had on the property was from Upper Murray farmers.
"We wanted to have a public auction, but the goal posts kept changing and they continue to change.
"For our Victorian listings we can't do an inspection now.
"We can do one-on-one inspections in NSW, but we made the conscious decision to say this is the best platform to move forward.
"Today's result was vindication of that."
Myora is located 28km north of Corryong and improvements include steel cattle yards, one large three-sided machinery-hay shed, and an enclosed machinery shed.
There are also two houses on the property which can either be demolished and replaced or renovated.
Meanwhile, another Upper Murray property, Glen Colline at Lucyvale, is poised to be sold in a private sale handled by agents, Corcoran Parker.
The 680 acre property with a majority cleared to have frontage to Cudgewa Creek is "under offer" after being advertised with a price guide of $3.5 million.
It includes a three bedroom home, workshop-machinery shed, shearing shed and cattle yards.
Our journalists work hard to provide local, up-to-date news to the community. This is how you can continue to access our trusted content:
Sign up for our newsletter to stay up to date.