THE 11,137-hectare (27,520 acre) Glenmorgan/Meandarra district property Myall Park has sold for $5.65 million at an Elders auction in Toowoomba this morning.
![SOLD AT AUCTION: Myall Park, Glenmorgan, sold for $5.65 million at an Elders auction in Toowoomba this morning. SOLD AT AUCTION: Myall Park, Glenmorgan, sold for $5.65 million at an Elders auction in Toowoomba this morning.](/images/transform/v1/crop/frm/ya3tPqPRXYVuem2wchintR/aae0f471-5d28-4257-898d-f5952b2249bc.jpg/r0_107_800_557_w1200_h678_fmax.jpg)
The buyers were Ken and Jenny Phelps and family from Myalla, Roma.
The predominantly brigalow/belah country property was offered by Peter Gordon and family, who have owned Myall Park for the past 90 years.
![DEVELOPMENT OPPORTUNITY: Myall covers 11,137-hectares and is described as a partly developed large scale holding. DEVELOPMENT OPPORTUNITY: Myall covers 11,137-hectares and is described as a partly developed large scale holding.](/images/transform/v1/crop/frm/ya3tPqPRXYVuem2wchintR/2d9b897f-795d-4815-a92d-8bc9a5549032.jpg/r0_135_800_585_w1200_h678_fmax.jpg)
Bidding on the freehold property opened at $4m, with five of the 12 registered bidders active at the auction held in the Burke and Wills Hotel in Toowoomba.
Myall Park is described a partly developed, large scale holding suitable for finishing, backgrounding and breeding cattle. There are also areas that could be developed for farming.
![Myall Park is described as well watered. Myall Park is described as well watered.](/images/transform/v1/crop/frm/ya3tPqPRXYVuem2wchintR/db4c6108-df4f-41e5-b932-9ca3c6bc4588.jpg/r0_75_800_525_w1200_h678_fmax.jpg)
Rural property specialist John Burke said there had been 22 individual inspections made of the property.
“It is a good indication of the interest and the underlying strength of the property market,” he said.
The sale is equal to about $507/ha ($205/acre).
The marketing agents were Elders agents Clayton Smith from Goondiwindi and John Burke from Brisbane.
![Myall Park has predominantly brigalow and belah soils. Myall Park has predominantly brigalow and belah soils.](/images/transform/v1/crop/frm/ya3tPqPRXYVuem2wchintR/9b29b739-b663-42f8-be08-db558f9e949d.jpg/r0_119_800_569_w1200_h678_fmax.jpg)