THIS week’s property review includes this wrap up of recently completed sales in Queensland and New South Wales.

 SW Qld grazing asset sells with carbon project

 Negotiations underway for two NSW central west assets

SW Qld grazing asset sells with carbon project

Sydney-based investor Marcus Lewis has sold south-west Queensland grazing country with an established carbon project after 13 years of ownership.

The 60,700ha Bendena Station is located on the Nebine Creek in the Paroo Shire, between Bollon and Cunnamulla.

The mostly mulga country is well grassed and estimated to run between 1400 and 1500 cows.

Nutrien Harcourts GDL agent Nick Dunsdon handled the off-market sale, but was unable to disclose the buyer or the price paid.

However, the new owner is understood to be an Orange-based grazing and carbon company expanding its Queensland portfolio. Bendena Station has a 25-year Human-Induced Regeneration project that started in 2017.

Mr Dunsdon reports increased interest in grazing properties with established carbon projects because of the current delay in the new methodology.

“They are the only viable avenue offered to companies with a mandate to invest in carbon projects.”

Negotiations underway for two NSW central west assets

Elders agent Chris Malone is negotiating with interested parties for two standout holdings in central western New South Wales.

Tim and Jenny Webb’s 2933ha Monwonga Aggregation near Bedgerabong and 48km from Forbes, passed in at auction late last week.

A property that once formed part of the historic Big Burrawang Station, it consists of the Monwonga, Gloming and Wool Wash and Aston Park.

Operating as a dryland enterprise and cropping 1200ha, the property has consistently carried 5000 to 6000 ewes and followers, as well as 2000 wethers.

Monwonga boasts 13km of Lachlan River frontage, and is also watered by seven bores and 24 dams.

The quality infrastructure includes a circa 1930s five-bedroom riverfront homestead, a three-bedroom workers cottage, a seven-stand shearing shed, two steel sheep yards, one steel cattle yards, a shearers quarters, numerous sheds and 3000 tonnes of grain storage.

Meantime, the largest contingent mixed farming operation in the Trundle district has been listed for sale after failing to sell via expressions of interest.

Assembled over 70 years by the Watt family, the 4327ha Tara Moira Aggregation is being sold with 3331ha of crops.

Traditionally, the operation has run 5000 Merino and first cross ewes, with a modern 4000 head lamb feedlot turning off up to 19,500 lambs a year.

The open, level Kurrajong country features red loams soils which, over the years, have benefited from the application lime and of manure from the feedlot, in addition to a comprehensive fertiliser program.

More than 95 percent is arable and produces winter cereals, oilseeds and pulses which are used in the feedlot.

The Tara Moira Aggregation is watered by three dams and a bore.

Infrastructure includes a four-bedroom home, three other residences, a four-stand shearing shed, four sheep yards, 1900-tonnes of grain storage and numerous sheds.