Property auction successful in 'fixing the mess' by Labor
THE State Government has raked in more than $700,000 selling off properties acquired for the failed Traveston Crossing Dam project.
The highest seller out of the eight properties up for auction in Brisbane on Saturday went for $362,100.
The two-bedroom property on Christie Rd at Federal has a small dam with views over sprawling farm land.
A five hectare property at Kandanga sold for $200,000 while a two bedroom brick home on two hectares at Tuchekoi went for $175,000.
Negotiations are underway with the highest bidders on the other properties with three or four deals tipped to be finalised next week.
There were 21 registered bidders at the Helmsman Auction - which allowed buyers to bid on multiple properties at one time - but only 11 active bidders.
The former Labor Government acquired 478 properties or 13,000 hectares in the Mary Valley to make way for the dam project flagged in 2006.
A spokesman for Deputy Premier Jeff Seeney said he was pleased with the result.
"This is another example of the Newman Government getting on with the job of fixing the mess left by Labor and the Bligh Government."