Big price tag on recent Kalang sale

IT SEEMS regional properties are in hot demand across Australia with well-attended auctions in recent weeks ... including locally with some mega price-tags.

Ray White Rural Dorrigo Principal John O'Leary and Rural and Lifestyle agent Rory Birt sold "Kooroowi" 1343 Kalang Rd, Bellingen for $1.25 million through online auction last Thursday.

After some intense negotiations Mr O'Leary said a local buyer came out the winning bidder on the 262.9ha mixed opportunities lifestyle and farming property.

"We had a lot of interest throughout the campaign and a high level of enquiry that translated to lots of inspections. All the buyer interest came from locals and those already in New South Wales so the result is unsurprising," Mr O'Leary said.

"Kooroowi" had previously been held by the same family for more than 100 years and has extensive frontage to the Kalang River.

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