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

 Kilter Rural offloads versatile Southern Riverina aggregation

 High carrying capacity grazing in NSW’s far north-west

 $9.5m+ for NQ’s well grassed Barragunda

Kilter Rural offloads versatile Southern Riverina aggregation

AUSTRALIAN natural capital investment manager Kilter Rural is hoping to raise around $60 million from the sale of its highly productive irrigated and dryland cropping and grazing enterprise in New South Wales’ southern Riverina.

The 7210ha Oomabah Aggregation is located 8km from Tocumwal, 17km from Finley and 55km from Deniliquin, and close to the Murray River and key commodity processing facilities.

It is the second portfolio offered to the market by Kilter Rural. Late last year, the 1856ha KAF Portfolio in Victoria’s Goulburn Valley was listed as part of a change in strategic direction within the organisation.

Kilter Rural chief executive officer Euan Friday said it was a challenging decision, but the firm is seeking to grow the Kilter Agriculture fund to $500m.

“The two aggregations represent a value creation opportunity to raise around $100m in capital to execute the change in direction.”

“In the medium term, Kilter Rural will focus on running and growing assets in the water space,” Mr Friday explained.

The Oomabah Aggregation comprises five contiguous properties: the 3080ha Wahroonga/Oomabah/Main Camp, the 1197ha Burgess, the 2086ha Marabou/Belmont, 404ha Korringa and 443ha Swindon. These were strategically identified and acquired by Kilter Rural over a 12-month period.

Across the portfolio, there are 484ha of irrigated cropping, 5086ha of dryland cropping, 142ha of grazing and the balance remnant vegetation and support land.

The 2025 winter cropping program consists of a rotation of barley, canola and wheat on mostly red to sandy loams, and some heavier clay soils and grey clay loams.

Colliers Agribusiness agent Duncan McCulloch said the Oomabah Aggregation represents a rare opportunity to acquire a large turnkey mixed cropping and grazing enterprise in a tightly held district.

“Featuring a well-developed irrigation network, including flood and centre pivot systems, the aggregation’s proximity to the Murray River and Murray Irrigation Limited offers further development upside.”

Two long-term, triple-net lease agreements underpin the Oomabah Aggregation generating a secure income and providing flexibility for either part passive investment or direct operational engagement.

Oomabah is situated in a 420mm average annual rainfall region. It is also watered by numerous bores and dams, with 1809ML of water entitlements included in the sale.

Infrastructure includes three homes, multiple grain silos and fertiliser storage sheds, and cattle and sheep yards.

The Oomabah Aggregation is available for sale in one line or as separate assets via an upcoming international expression of interest process closing on July 31.

High carrying capacity grazing in NSW’s far north-west

High carrying capacity grazing and farming country in New South Wales’ far north-west, close to the Queensland border, is anticipated to make between $7 million ($1038/ha) and $8.5 million ($1235/ha).

The 6820ha Belvedere, 37km south-east of Goodooga and 86km north-east of Brewarrina, is rated to run 4580DSE and is currently running 1600 weaners.

During its four-year ownership, the Wagga-based Male family has undertaken significant capital works to transform the sheep and cattle property into a versatile grazing and dryland farming operation.

Nutrien Harcourts agent Chris Clemson said it is an opportunity to secure some of the best value cropping and grazing country in New South Wales.

“Belvedere is a highly productive, low input asset which, given the season (more than 200mm since the end of March) and improvements, is ready to perform from day one of ownership.”

“Compared to other cropping country, lower inputs can be expected because it doesn’t need fertiliser and pending recent approvals, the cultivation area could be expanded,” Mr Clemson said.

Around 690ha are arable and developed to dryland farming for grain and fodder production. Currently planted to wheat, the crop can be included or excluded from the sale.

The open and flat Mitchell grass country has deep grey alluvial self-mulching soils and areas of clay plans.

Belvedere is situated in a 420mm rainfall region. It also boasts 17km of Narran River frontage and has a shared water arrangement with a neighbouring bore that feeds around 14km of bore drains and ground tanks.

Around 12km of new steel fencing was constructed in 2023, along with a newly constructed laneway, with an additional 20km replaced over the past 10 years.

Infrastructure includes a three-bedroom home, a two-bedroom granny flat, two sheds, a three-stand shearing shed, a new three-bay horse stable complex, an old shearers’ quarters (in need of repair) and sheep and cattle yards.

Belvedere is being offered for sale by expressions of interest closing on August 8.

$9.5m+ for NQ’s well grassed Barragunda

\

Two Far North Queensland producers are believed to have paid more than $9.5 million for open downs breeding, backgrounding and finishing country near Hughenden.

The 9269ha Barragunda is located in a tick free area, 67km south of Hughenden, and was offered to the market by Peter and Marie Atkinson after 30 years of ownership.

Brodie Agencies agent Tom Brodie was unable to disclose the buyers or the price paid, however during the marketing campaign, the vendors were seeking offers above $1025/ha (bare of livestock, plant and equipment).

Barragunda had been lightly stocked, with some of the country available for immediate access for livestock.

A good body of Mitchell, Flinders and buffel grass, and other native grasses and sweet fattening summer herbages, was growing on pebbly chocolate and red fertile soils.

The property is free of prickly acacia, but has a minor infestation of Parkinsonia along the creek systems that is being controlled by the vendor. A previous, small outbreak of Coral Cactus is being constantly monitored.

Barragunda is situated in a 475mm rainfall region. It is also watered by a sub-artesian bore and six equipped dams. After a good wet season, numerous short-term waterholes can be found along the Yantee and Gum Creeks.

Infrastructure includes a five-bedroom home, a one-bedroom cottage, steel cattle yards, steel sheep and goat yards, numerous sheds and 20km of exclusion fencing.