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

 Historic Glen Innes property sells after 123 years

 South Australia’s Koomooloo makes $8.5m

 Neighbour expands with Victoria’s Mellool Station

 

Historic Glen Innes property sells after 123 years

A Queensland family has expanded its northern New South Wales footprint,  paying $32.775m for the historic New England property Clarevaulx Station.

Clarevaulx was offered for the first time in 123 years by the McIntosh family and achieved $9237/ha bare – a record for the Glen Innes region.

The 3548ha are situated 10km north of Glen Innes and 64km from Inverell. The country comprises 1550ha of open grazing running 24,000DSE, 1000ha of premium deep basalt and alluvial cultivation and 1000ha of gently undulating cultivation suited to fodder cropping and further development.

Clarevaulx Station is situated in a 901mm annual average rainfall region, and also well-watered by the Reddestone, Reedy and Five Mile Creeks, and a number of dams.

Infrastructure includes a circa 1860s, four-bedroom homestead with some original features, three machinery sheds, a workshop, 600 tonnes of grain storage, a six-stand shearing shed, two sheep yards and two cattle yards.

Ray White Rural agent Geoff Hayes handled the sale of Clarevaulx Station.

South Australia’s Koomooloo makes $8.5m

South Australia’s renowned Koomooloo Station has sold at auction for $8.5 million to father and son, Bill and William Gebhardt, ending 50 years of ownership by Hamish and Anna Dunn.

Ray White Rural agent Sam Krieg said the price was in line with expectations and other local sales offering scale.

Koomooloo was established in the 1860s by the Warnes family 70km north-east of Burra and 202km north of Adelaide. The 35,936ha property is not to be confused with the Old Koomoolo Station.

Historically, South Australia’s north-east pastoral region is regarded as one of the state’s best sheep breeding areas, renowned for excellent wool growing and prized sheep breeding attributes.

The Gebhardts also own Mokota, an agricultural and pastoral company established by the family over six generations. They produce sheep, crops and export hay on landholdings in varying climatic and geographic regions, including Mount Bryan, Booborowie and Leighton.

Koomooloo Station is well regarded for its unlimited, quality underground water supplied by two bores and numerous dams.

The property features mostly wide-open blue bush and spear grasslands with native pastures. It is rated to run 5500 to 6000 breeding ewes plus replacements, but in recent years has been conservatively stocked.

Infrastructure includes an historic four-bedroom home, a three bedroom workman’s house, a two-bedroom cottage, an eight-stand shearing shed, a 12-bedroom shearers quarters, multiple sheep yards and numerous sheds.

Neighbour expands with Victoria’s Mellool Station

A neighbour has paid around $10 million for the southern Riverina mixed enterprise, Mellool Station.

Offered by the retiring Martin family after 50 years of ownership, the 4140ha

Mellool Station is located 26km east of Swan Hill in Victoria’s north-west.

Nutrien Harcourts BR&C agent Joe O’Reilly described the transaction as one of the major property sales in the region in recent years.

While he was unable to disclose the purchaser or the price, when listed in March Mellool Station was offered with a price guide of more than $10m.

The well-watered property has 7km of Murray River frontage, in addition to Bullockhide and Waddy Creek frontages.

More than 1200ha are laid out to irrigated rice, cereals and pastures, with the balance running 4000 ewes.

Mellool Station was offered with 32ML of stock and domestic water and 30ML of general security water plus basic landholder rights (BLR).

Infrastructure includes a four-bedroom, circa 1875 home, a three bedroom home on the Murray River, a six-stand shearing shed, three sheep yards, three cattle yards, numerous sheds and 340 tonnes of grain storage.

Properties for sale feature diverse farming options

 Jim Gordon to sell the family farm after 120 years

 NSW property offers three cash flows

 NSW’s Rivendell offers finishing and farming

 NSW Western Division country lists after 77 years

 Queensland block offers water and grass

 Northern NSW grazing and irrigation opportunity relists

Jim Gordon to sell the family farm after 120 years

New South Wales commercial wool grower Jim Gordon is selling the family farm after more than 120 years of ownership.

The 1082ha Glensloy is located near Memagong, 8km from Lambing Flat and 9km west of Young, in the tightly held Hilltops district of the state’s South West Slopes region.

Offered to the market for the first time since 1901, the lamb, wool and beef production powerhouse has been conservatively managed and is currently running 2000 ewes, 1500 lambs and 100 cattle.

Elders agent Rachelle Barnett said the property boasts an abundance of feed and water, and has the ability to run 500 wet cows.

Around 981ha are arable, with a winter cropping program underway on 248ha of red to sandy loam soils.

Ms Barnett was unable to offer a price guide, but said local sales are exceeding $7000/ac.

“Glensloy is attracting widespread inquiry, mostly from locals with some interstate interest as far as South Australia.”

Ms Barnett said the property offers carbon credit opportunities.

“Chemicals haven’t been used on the property for 20 years and recent soil tests show an impressive average 5.4pH level and excellent organic carbon levels.”

Glensloy is watered is secured by 15 dams (some are spring fed), seven bores and has Stoney Creek frontage.

Infrastructure includes a seven-bedroom, circa 1906 home, two three bedroom homes, numerous sheds, 100 tonnes of grain storage, cattle yards, a seven-stand shearing shed and steel sheep yards.

Glensloy will be auctioned on June 14.

NSW property offers three cash flows

A New South Wales property boasting a three-pronged cash flow business is being offered by a family partnership after five years of ownership.

The 4546ha Long Swamp is nestled on the banks of the Barwon River, 16km north of Collarenebri and 138km west of Moree.

The property has a mix of livestock breeding or fattening, conservation and a carbon sequestration project offering significant returns.

It is currently running Dorper ewes and 250 cows.

Long Swamp has a significant avoided deforestation carbon sequestration project (with another 12 years remaining) and a biodiversity conservation project on 1177ha. Both offer cash returns.

Nutrien Harcourts GDL agent Nick Dunsdon believes the carbon projects will be a drawcard.

“Interest is likely to come from existing carbon players, producers looking for alternative sources of income to shore up their cashflow, as well as neighbours and locals.”

The country on Long Swamp is a mix of wilga, belah, box and brigalow with heavy grey soils to lighter red soils.

Around 141ha of coolabah river country, ideal for winter cropping, can be permanently farmed. A further 445ha can be farmed three times over a 15-year period.

The property is situated in a 495mm of average annual rainfall region and is also well- watered by the Eight-Mile bore scheme, three dams, permanent and semi-permanent waterholes in the Barwon River and the 12-Mile watercourse.

Long Swamp is partly exclusion fenced, with 20km of new exclusion fencing and 20km of new internal fencing.

Infrastructure includes a three-bedroom home, new cattle yards, a shearing shed, sheep yards and numerous sheds.

Expressions of interest close on June 14.

NSW’s Rivendell offers finishing and farming

Rivendell, Nangus – Gundagai from Inglis on Vimeo.

A local family has listed its versatile finishing and farming enterprise on the renowned South-West Slopes region of New South Wales with hopes of raising between $5.75 million and $6.25 million.

The 438ha Rivendell, near Nangus, 20km from Gundagai and 60km from Wagga Wagga, comprises the 239ha Rivendell and the 198ha Rivendell North.

The family has held the property for around eight years and will also consider selling the two holdings separately.

The price guide for Rivendell is $3.8m to $4.2m and $2m and $2.2m for Rivendell North.

Both offer a balance of fertile red loam soils with 55 percent arability which means it is well-suited to perennial pastures and lucerne, cash/grazing crops, hay and livestock production.

The vendors are currently running 200 breeding cows alongside a dual-purpose cropping program, but the estimated carrying capacity is 300 breeding cows or 4500DSE to 4800DSE.

Inglis Rural Property agent Liam Griffiths described Rivendell as a model farm.

“Underpinned by high productivity and versatility, the property boasts professional agronomic management and presents in outstanding condition.”

Rivendell features a sophisticated stock and domestic water system with a newly installed solar pump. It is also watered by a bore and 14 dams.

Infrastructure includes a four-bedroom home, a four-stand shearing shed, steel sheep and cattle yards, a shed and eight silos with 355 tonnes of capacity.

Rivendell has two road frontages — Nangus Road and Oakhills Road — and also offers subdivision potential with current zoning allowing for 40ha plots.

Expressions of interest for Rivendell close on June 27.

NSW Western Division country lists after 77 years

An offering of a diverse parcel of station country in New South Wales’ western division will end 77 years of ownership by the Taylor family.

The 41,530ha Owen Downs is located 95km from Wanaaring and 181km north of White Cliffs in the state’s far north-west.

It has a history of running sheep and cattle. Operated as a breeding enterprise, the Taylors have been running 600 cows and calves (in an average season) and taking advantage of seasonal fattening opportunities.

Today, the station is conservatively stocked with 250 head of cattle as the vendors prepare to retire from the industry.

The country features productive open plains growing Mitchell, Flinders, Queensland blue and native grasses. It has an abundance of feed following good summer rain.

Owen Downs is watered by five bores and one shared bore, supported by creek systems, numerous watering holes and 13 earth tanks in a 237mm annual average rainfall district.

Infrastructure includes a four-bedroom home, three cattle yards, two sheep yards, a four-stand shearing shed, a shearer’s quarters and numerous sheds.

Owen Downs is being sold with plant via expressions of interest closing on June 25. Nutrien Harcourts agent Troy Hartman is handling the sale.

Queensland block offers water and grass

 

Locals seeking expansion and entry level producers are anticipated to vie for a well-grassed and well-watered property in Queensland’s Western Downs and Maranoa regions.

The 931ha Woodlawn is located 25km south of Glenmorgan and has been held by the Walton and Wakefield families for 98 years.

Woodlawn is presenting well after a good season and can run around 160 breeders, but has been lightly stocked for several years.

The country is mostly cleared brigalow and belah country carrying a good body of buffel and strong stands of blue grass, kangaroo grass and other natives. It is watered by eleven dams.

Infrastructure includes a four bedroom home, cattle yards, a two-stand shearing shed and quarters.

Woodlawn is being auctioned on June 20. The sale is being handled by Nutrien Harcourts agents John Malone and Brock Simpkins.

Northern NSW grazing and irrigation opportunity relists

John and Trish Bellinger’s Northern Tablelands grazing and irrigation opportunity has been listed for $7.2m after failing to sell at auction.

The 1194ha Beaumont, 7km east of Ashford and 52km north of Inverell, is described as a versatile, well improved backgrounding and finishing depot.

The property has a good mix of soil types from alluvial flats along the Severn River rising to soft trap with some steeper areas.

Under the current management, Beaumont has been run as a self-replacing sheep and cattle enterprise with cash cropping.

Beaumont is estimated to run 6800DSE; however, the Bellingers believe these numbers could be increased by direct drilling more than 300ha to pastures.

Around 80ha are currently farmed to lucerne and this area could also be increased with irrigation. The property is also suited to a range of cash and small crops.

Beaumont receives around 750mm of rainfall annually. The property also has 10km of double frontage to the Severn River, 15 dams, four pivots and three water licences totalling 150ML.

The irrigation is used to grow forage crops to finish cattle and sheep to safeguard stock turn-off in any season.

Infrastructure includes two homes (one circa 1920), a four-stand shearing shed, sheep yards, steel cattle yards and numerous sheds.

The sale is being handled by Nutrien Harcourts GDL agent Jeff Garland.