Latest news with #recordprice
ABC News
7 days ago
- Business
- ABC News
Farming family breaks national lamb price record at Forbes
A farming family from central west New South Wales has set a national record lamb price, selling a pen of heavy lambs for $454 per head. The McMahon family, from Tullamore, sold a pen of 43 second-cross lambs for the record price at the Forbes sheep and lamb sale on Tuesday. Archie McMahon, 11, and his eight-year-old brother Freddie are often helping in the sheep yards on their family farm and were ecstatic to hear their hard work paid off. Archie was at the saleyards hoping the lambs would attract a high price. "It was kind of nerve-racking because we didn't know if we were going to break the record or not," he said. The lambs, which were between 85 and 105 kilograms and shorn 10 weeks ago, had been in the on-farm feedlot for four months. They were sold to Southern Meats at Goulburn. The boys' father, Ross McMahon, described the current high prices as a "once in a lifetime" opportunity for lamb feedlotters. "We've had some hard years feeding lambs when you're not making much [money] or not making anything," he said. It was a red-hot sale at Forbes with the lamb price record broken twice in the space of 20 minutes, surging past the previous high of $440.20 per head, set at the Wagga Wagga sale last Thursday. The prices have risen since May, driven by a supply shortage of good-quality heavy lambs, drought and a strong appetite for Australian product overseas. In the past six weeks, the national record has been broken more than seven times at saleyards across Victoria and New South Wales. Mr McMahon said up to 20,000 lambs were turned off from the family's feedlot each year, mostly targeting a weight of 25kg for the domestic supermarket trade. This year, 100 were held back longer on feed at the insistence of Archie and Freddie. "They put a few sheep in the Dubbo Show Hoof and Hook competition. [These lambs] were kept back with them, and the kids wanted to try and get a record, and they did," he said. Archie said a lot of work went into preparing the lambs. "We had to put them in our big feedlot and feed them constantly every day," he said. "Clean out their water troughs and like, bring them into the yards once a week and weigh them to see if they were ready."
ABC News
11-07-2025
- Business
- ABC News
Lamb prices keep climbing
A new record price for lambs was set at Wagga Wagga saleyards in NSW Riverina this week when prices surged to $440.20 a head.
News.com.au
09-06-2025
- Business
- News.com.au
Unusual two-for-one Moolap property sells for record price
An unusual two-for-one deal has helped a sprawling residential property in Moolap achieve a record price. The $1.8m sale marks a new chapter for 20 High St, Moolap, where the twin benefits of dual houses attracted a not-for-profit buyer. First National, Golden Plains agent Owen Sharkey said the organisation had 'big plans' to create client accommodation at the 4740sq m corner property. Geelong West cottage thrown a lifeline It currently comprises a renovated, four-bedroom family home and a separate period residence that had been operating as a successful Airbnb. Mr Sharkey said the unconventional property initially proved a tough sell but it's flexibility eventually attracted several potential buyers. 'It just went gangbusters and we ended up having two or three parties fighting for it,' he said. 'We had a lot of people looking at it from an alternative type living arrangement, as in dual families, and there are a lot of properties around there that seem to be taken up by government agencies so we tapped into a few of them to see if they had any interest in the area and, as it turned out, one of them did.' He said the organisation trumped one other group, which saw a chance for a multigenerational base with the parents in one house and younger family members in another. 'I think that's probably going to be something that's exciting properties into the future is those dual occupancy ones where mum and dad can chip in and throw a million bucks into rather than heading off to a nursing home,' he said. 'You are able to leave that wealth creation to the kids down the road.' The renovated two-storey house at the property provides spacious accommodation, with dual living zones, two home offices and a large rumpus room with a wood fire in a converted garage. Granite benchtops and dual Smeg ovens feature in the kitchen, while three of the four bedrooms have modern ensuite bathrooms. Nearby another three-bedroom character home, 'Montreaux on High', had been lovingly restored and renovated. It has its own secure front garden and had been generating an annual holiday let income of $58,500 a year with a 55 per cent vacancy rate. 'It was a very interesting property given its proximity to Geelong and the size of it. You do forget you have that area there in Moolap … it's a really unusual pocket,' Mr Sharkey said. The $1.8m price tag is the most expensive price for a house on a residential block under 2ha in Moolap. The suburb's median house price has lifted slightly to $1.145m over the past year, according to PropTrack data.
