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Story Added : 09th March 2010

The administrators of Cubbie Station, McGrath Nicol, say recent rain in Queensland's southern inland will not drive up the property's sale price.

Drought was the main reason administrators were called in to sell the 93,000 hectare cotton plantation near Dirranbandi last year.

Now the farm's dams are filling fast and its future is looking brighter.

McGrath Nicol spokesman John Cronin says the improving water situation will instil confidence but will not necessarily affect the price.

"Long-term I don't think it affects how people view the property overall," he said.

"However it obviously gives them a good sense of confidence in coming into a situation like this."

He says Cubbie Station could be under contract in a matter of weeks.

Story Added by ABC.
Date Added : 09th March 2010

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