$40m+ sought for for blue ribbon NSW property

By property editor Linda Rowley June 14, 2024

THIS week’s property review includes a wrap-up of interesting recent listings across the country.

 $40m+ for blue ribbon property in southern NSW

 Lachlan Valley grazing & cropping powerhouse

 Grazing & farming potential on southern Qld’s Totara

 Productive northern NSW grazing selling for $5000/ha

 $15m for versatile grazing in Central Victoria

 Coonamble’s Sandhurst offers abundant feed


$40m+ for blue ribbon property in southern NSW

More than $40 million is anticipated for the Bunn family’s blue ribbon mixed farming opportunity in the tightly held Eurongilly Valley region of southern New South Wales.

The 2029ha Coreena, 20km east of Junee and 45km north-east of Wagga Wagga, comprises adjoining properties – 1782ha Coreena and 247ha Binya.

Across the aggregation, around 1929ha (95 percent) are arable and growing dryland crops such as cereals, oilseeds and legumes, as well as running 5500 Merino ewes.

LAWD agent Danny Thomas anticipates strong interest from existing landholders seeking expansion opportunities, domestic and international corporate farming groups, institutional investors or high net worth individuals seeking a rural showpiece.

Vendor Olivia Skellern said various species of native trees have been planted on non-arable parts of the property to establish additional revenue streams.

“Regional Local Land Services advised us to plant 27,000 trees on hilltops across the properties to link wildlife corridors and secure biodiversity and future carbon credits.”

Coreena is offered with a 25-year carbon credit project in place (currently at one year).

Water is secured by bores, dams, Mitta Mitta Creek frontage and access to the Goldenfields mains water scheme.

Infrastructure on the properties has undergone significant transformation, with improvements in water infrastructure, fencing upgrades and laneways greatly enhancing productivity.

Other improvements include three homes, a newly constructed five-bedroom worker’s accommodation/amenities/office facility, a six-stand shearing shed, sheep yards, containment pens, steel cattle yards, numerous sheds and 1150 tonnes of grain storage.

Coreena and Binya are being offered for $19,768/ha – as a whole or in parts via expressions of interest closing on July 10.

There is scope to include the Merino ewes (fitted with EID ear tags) along with comprehensive flock records, in the sale.

Lachlan Valley grazing and cropping powerhouse

Bogandillon, in the highly productive Lachlan Valley of central western New South Wales, has returned to the market with Ray White Rural for $4324/ha.

Owned by Lake Cargelligo’s Derek and Melissa Davis, the 3431ha are situated near Fairholme, 35km south-east of Condobolin and 75km west of Forbes.

During their 11-year ownership, the Davis family has used the dryland cropping operation in conjunction with their other mixed farming properties. They are selling to consolidate their assets.

Around 2635ha (72 percent) are arable and growing a range of crops, including wheat, barley and canola, on red loam to grey/black self-mulching clay soils and lakebed farming country.

The 2024 cropping program consists of 1375ha of wheat and 500ha of lucerne, with the owner running 350 cows and calves and 1000 ewes on agistment.

RWR agents Oscar Freeman and Paddy Ward are handling the sale of Bogandillon which is being offered as a whole or in two lots – 1222ha (improvements) and 1207ha (no improvements).

Mr Ward described Bogandillon as one of the most renowned mixed farming enterprises in the Condobolin/Forbes district.

“Currently operating as a large-scale sheep, cattle and cropping enterprise, it has the potential to become one of the powerhouse properties in central New South Wales.”

Mr Ward reports interest from locals, the south, including Wagga Wagga and Albury, and corporates.

Water is supplied from the Euglo water scheme, 9km of Bogandillon Creek frontage and 14 dams.

Improvements include a four-bedroom home, a worker’s cottage, sheds, steel sheep and cattle yards, a shearing shed and 165 tonnes of grain storage.

Grazing and farming potential on southern Queensland’s Totara

A versatile southern Queensland breeding and backgrounding property, with farming potential, is being sold by the Wells family after 16 years of ownership.

The 4028ha Totara is located 30km west of Talwood and 80km south-east of St George.

Recently, it has been leased and operated as a cattle breeding venture, supporting more than 450 breeders on abundant buffel and native grasses.

Nutrien Harcourts agent Andrew Jakin said Totara would also suit a mixed farming and grazing operation.

“The high-quality soils are suitable for both forage and cash cropping, with a significant portion available for potential cultivation.”

The gently sloping country has soft red soils in the belah, wilga and kurrajong hollows. These transition to red box and iron bark soils in the elevated areas.

Water is a feature at Totara, with a private artesian bore supplying water to the entire property.

Infrastructure includes a three-bedroom home, a five-bedroom shearers quarters and steel cattle yards. Expressions of interest for Totara close on July 3.

Productive northern NSW grazing selling for $5000/ha

Scott and Rhonda Conkey have listed their productive grazing country on the New South Wales’ Northern Tablelands for $5000/ha.

The 2208ha Cheviot Hills is located near Ashford, 47km north of Inverell.

It is currently operating as a self-replacing cattle and sheep enterprise, with the Conkeys estimating a 9000DSE carrying capacity.

Elders agent Jaimie Pay reports good early interest from locals and southern Queensland producers seeking an entry level or expansion block.

“There has been good rain over the last six to eight weeks, with more forecast, and as a result, the property is carrying a good body of feed setting up the incoming purchaser for a good winter.”

The country consists of open grazing and alluvial creek flats with soft traprock soils rising to undulating hills.

Around 40ha are sown to a mix of oats and barley and 243ha have been pasture improved, previously sown to subtropical varieties.

The property is well-watered by two equipped bores, Frazers Creek, 26 dams and the seasonal Oakey Creek.

Infrastructure includes a three-bedroom home, sheds, steel cattle yards, a three-stand shearing shed, sheep yards and a 50-tonne silo.

$15m for versatile grazing in central Victoria

After 45 years, the retiring Ford family is seeking around $15 million ($11,120/ha) for its versatile grazing property in Central Victoria.

The 1347ha Lisoux, Denning Rise and Hillside are located 5km from Baringhup, 9km from Maldon and 37km from Bendigo.

They comprise:

 The 685ha Lisoux is subdivided into 18 paddocks and watered by the Loddon River and 23 dams. Infrastructure includes a three-bedroom home, a seven-stand shearing shed, steel sheep yards and numerous sheds.

 The 350ha Denning Rise is subdivided into 16 paddocks and watered by 21 dams and pipe water (accessed via an adjacent mine). Infrastructure includes a three-bedroom home and a three-stand shearing shed.

 The 311ha Hillside is subdivided into nine paddocks and watered by 15 dams.

The country features gently undulating granite soils with good stands of native timber shelter belts capable of running between 5000 to 6000DSE (season dependent).

Nutrien Harcourts agent Alister Kemp said the three holdings are presenting in good condition after recent rain.

“Their versatility is likely to attract a range of buyers seeking livestock grazing and fattening, wool growing, hay production and cropping.”

“They could interest a developer because the properties have good road frontages and several crown allotments running through them,” Mr Kemp said.

The aggregation is watered by dams, the Six Mile Creek and the Loddon River.

Coonamble’s Sandhurst offers abundant feed

Scale and abundant feed offered in northern New South Wales are attracting strong inquiry from Queensland, south-western New South Wales and Victorian producers.

The Perry family’s 3068ha Sandhurst is located 23km east of Quambone and 40km west of Coonamble in northern New South Wales and neighbours Muttama Station owned by Ron Greentree.

The mostly flat and open country has good shade corridors and is well grassed with buffel and Mitchell.

Estimated to carry 600 cows and calves or 4000 ewes, Sandhurst is conservatively stocked and running 270 head of cattle, 1200 ewes and lambs and 50 rams and hoggets.

More than 2000ha of the heavy red and grey loam soils are arable and could be converted back to cropping country.

Sandhurst is watered by 14 dams and two equipped sub-artesian bores in a 482mm of average annual rainfall region.

Infrastructure includes a three-bedroom home, a two-bedroom cottage, numerous sheds, a five-stand shearing shed and steel sheep and cattle yards.

Ray White Rural agent Hamish Firth is handling the expressions of interest campaign closing on June 27.


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