Page 7 - The Land Spring Property Guide

Not only that, the numberentralWestGrainHandlingandStorageFacility-2.43ha|6acresWednesday20thOctoberviaAuctionNow
ing momentum ever sinceFORWesternPlains
going online has kept gain-SALECPublicAuction11amCulturalCentre,Dubbo&online
www.acmadcentre.com.au Thursday September 30, 2021 SPECIAL PUBLICATION 7
SPRING PROPERTY GUIDE 2021

Online farm auctions surge

BY MARIAN MACDONALD number 12, we'll just wait we've done or what we ha- with online auctions, it just
until they come back online," ven't; we don't need to go goes quiet," he said.
MORE than half of the he said. back and relay all the infor- "Everyone's looking at
farmland auctions held There were unexpected mation, they've just seen it each other on the Zoom
by Nutrien Harcourts in benefits for buyers and ven- all unfold." screen, and nobody's say-
Queensland and New South dors, too. It meant the auctions ing anything."
ContactPeterDwyer0418266523orJohn
R&N built D150 facility – 1 5,000 tonne capacity.d0429207560
Situated on 2.43 ha (6 ac), 18 kms east of Dubbo.Hylan
Wales are now being held Because all the bidders could be held very efficient- The less social nature of
totally online. are able to see each other, ly, too. the online auction had some
So far this year, the busi- online auctions brought a "We have two, three or four side benefits for agents like
ness has held 72 fully online new level of transparency to auctions in one hit so we'll Mr Michelmore and priva-
auctions in just those two the process. sell a property and then we'll cy-seeking buyers or ven-
states. "You can see the other move on to the next one," Mr dors.
people bidding raise their Michelmore said. It meant less catering
registration number," Mr "You've got all the bid- and organisation, fewer
Michelmore said. ders there ready to go and "tyre kickers" and unwel-
Nutrien Harcourts held its "It's not like you're picking then they just sit there and come guests.
first virtual auction in April bids out of a tree, it's real and wait until their property "Generally another agent
last year, north-east develop- right in front of you." comes up. will go to a competitor
ment manager Jason Michel- The technology also "If we get one that sort of agent's auction to see what
more said. brought vendors closer to the stalls and doesn't make the the property sells for and see
What started off in an action, he said. reserve, we just hold it over who's buying and who's bid-
agent's garage during lock- "When an auction is being and go on to the next one ding," Mr Michelmore said.
down had grown sophisti- conducted on their property, while the agent negotiates "Sometimes, not always
cated, with the business now generally, vendors will be behind the scenes and then but sometimes, a competitor
running at least seven fully in a separate room hearing bring it back into play again agent will walk up to one of
online auctions a week in a few bids taken here and when they're ready." the under bidders after the
NSW and Queensland. REMOTE VISIBILITY: Bidders and vendors enjoy added there but they probably don't It's the atmosphere sur- auction is finished and say,
"We've been fine tuning transparency during fully online farmland auctions. know who's bidding," Mr rounding those moments "'Look, I saw you bid on this
as we go along," Mr Michel- Michelmore said. of vendor consultation, too, one, I've got a property down
more said. "With a Zoom online that mark the difference the road that I reckon can
"We've set up rules around ing at." even the inevitable screen auction, they can turn their between physical and on- suit you, would you like to
how to bid, around micro- The auctioneer stands in freeze could slow an online camera off and see who's line auctions, Mr Michel- come and have a look at it?'.
phones and videos, the front of a green screen at auction down for long. bidding, how often they bid, more said. "You could have lost an
process, and added extra Nutrien Harcourt's Brisbane "If someone freezes, the whether they're hesitating, "Generally, most of the opportunity whereas, online,
features to the screen so that head office, aided by a moni- agent can hold the auction whether they're not. people in the room will start you can choose who you
you can see previous bids, tor displaying the bids. up and say, 'We've just got "If we don't reach the talking to each other about send your Zoom link to," Mr
and what the bid is stand- Mr Michelmore said not a problem here with bidder reserve, they can see what how the price is looking but, Michelmore said.

81,000 ha KUTCHERA 200,151ac

SOUND, RELIABLE,

GULF CATTLE BREEDING

OVER 4,500 CATTLE INCLUDED

Abundant water with 800mm rainfall,
Auction if not sold prior
Former Grain Corp bulkhead – W ongarbon. Excellent improvements, 2 sets cattle yards,
500km west of Cairns, 600km NW of Townsville,
Good access, Full working plant

Weighbridge, scale house, sampling platform, shed. and machinery included.
Adjacent to Mitchell Highway and Western Railway line.
Inspections strictly by appointment, contact details below. AUCTION: 11.00am 8th October 2021
The Ville, Townsville AW7165429

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Above information has been provided to us by the vendor. We do no a ccep r esponsibility nor MATTHEW KENNEDY 0488 418 788 | mk@kennedyrural.com.au
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guarantee it's accuracy. Interested parties should make their ow n e nquiries in order to www.kennedyrural.com.au
determine whethe o r n ot this informatio i s in fac a ccurate.
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