Yorke Peninsula cropping country still selling for incredible sums - this time more than $6m

On offer at an online auction which ended last night was 256 hectares (631 acres) of easy working country between Minlaton and Koolywurtie.

The final offer among the four active bidders was $6,070,000 which saw the property initially passed in even at that hefty price of $9620 per acre.

Elders Real Estate agent Len Easther said negotiations after the online auction has seen the property sold, at an undisclosed price.

There have been some remarkable land sales on the YP in recent years with the record $9.9 million paid for two adjacent lots across 307 hectares (760 acres) for an incredible $13,026 per acre at Arthurton back in March.

This was quickly followed a week later as two bidders pushed a Mundoora Community Sports Club auction to $2.3 million for 410 arable acres (166ha) in the north or $5609/ac.

This time Elders Real Estate agents have chosen to go with an online auction for Queain's block, a well known name in the Minlaton district, which kicked off with a $5,670,000 bid.

Elders Real Estate agents say Queain/Mahar's farm is one of the most sought after rural opportunities to come on the market in recent times.

Divided into four paddocks are 256ha "of the finest broadacre arable land in Koolywurtie", Mr Easther said.

The YP land provides fertile grey/brown loam Mallee soils with a good profile.

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Easy access to the paddocks are provided from Spencer Highway and Koolywurtie Church Road.

Mr Easther said the property has been continuously cropped for the past decade.

The farm is offered on a cleared, fenced and watered basis.

A recent report from Rural Bank showed while farm land prices rose 31 per cent across the Eyre Peninsula last year, the YP and Mid-North was a close second with growth of 26.3pc.

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