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

 $12m for NSW western lands lease

 Penfold family lists CW Qld grazing country

 Krieg family auctions Blackall’s Benalla

$12m for NSW western lands lease

Two families are hoping to raise $12 million — $494/ha — from the sale of their western lands lease opportunity in the Central Darling Shire of New South Wales.

The 24,423ha Waiko holding is situated east of Ivanhoe and comprises adjoining properties, the 16,188ha Waiko and 8235ha Woolahra.

It is being sold by Mark and Lee Newnham from Hay, and Rob, Nancy, Andrew and Lisa Hiscock from Kilmore in Victoria.

Three years ago, the families started downsizing by offloading a large-scale grazing operation in New South Wales’ Riverina. Aggregated over 20 years, the 43,334ha Glen Emu Station was sold for $16.1m or $372/ha — a record at the time — to neighbours Bill and Pip Ryan.

Vendor Mark Newnham reports good early inquiry from locals looking to expand and a number of Victorian producers.

The country on Waiko features open plains lightly timbered with wilga, belah and leopard wood. The red to grey soils are growing saltbush, bluebush, cottonbush, trefoil and crowsfoot after a great start to the season.

It is currently running 5210 ewes, 2956 followers and 142 cattle.

Waiko is being sold with a 193ha cultivation agreement and is watered by four equipped bores and supported by 307mm of average rainfall.

Infrastructure includes a three-bedroom home in need of renovation, shearers quarters, a seven-stand shearing shed, steel sheep and cattle yards, two outstation yards and a shed.

Elders agents Jason Telford and Matt Horne have been appointed to auction Waiko on August 22.

Penfold family lists CW Qld grazing country

The Penfold family is selling its central western Queensland breeding and backgrounding cattle property, equally suited to sheep or goats, to consolidate its assets.

The 28,836ha Bellevue is situated near Yaraka, 97km from Isisford and 159km south-west of Blackall.

The property is around nine hours from the Penfold’s other properties – Old Bombine and Mamaree near Meandarra and Woodlawn near Talwood – where they breed, raise and trade cattle.

Nutrien Harcourts GDL agent Andrew MacCallum said Bellevue is regarded as one of the best properties in the district.

“Renowned for its good balance of country, Bellevue is a low-cost, low-stress operation featuring sweet pebbly country with chocolate soils.

“Benefitting from a good season, it is growing a smorgasbord of browse capable of running up to 1200 cows and calves or up to 1500 backgrounders,” he said.

Grasses include Mitchell, buffel, button, gidyea burr, pigweed and lambs tongue, as well as seasonal herbages and salines.

The property is watered by 21 dams, a bore, creeks and channels in seasons.

Infrastructure includes an eight-bedroom quarters, a shearing shed, numerous sheds and three cattle yards. More than 6000ha are behind an exclusion fence, with a percentage of fencing renewed over the last seven years.

Bellevue will be auctioned on August 22.

Krieg family auctions Blackall’s Benalla

After 30 years of ownership, the Krieg family is selling its central western Queensland grazing property suited to cattle, sheep and goats.

The 7158ha Benalla Station is located 85km west of Blackall. Offered with a 640 adult equivalent carrying capacity, all but two paddocks are exclusion fenced.

In the past, the property has run around 4200 sheep (in a normal season) comprising 1800 ewes and their progeny and 1200 wethers.

The country is described as an exceptional mix of semi open downs Mitchell grass country with areas of pulled gidgee and creek channels growing established buffel grass and an abundance of seasonal herbages.

Benalla Station is watered by a sub-bore and nine dams (four are equipped).

Infrastructure includes a partially renovated four-bedroom home, numerous sheds, new cattle yards, a six-stand shearing shed and two sheep yards.

Benalla Station will be auctioned by Ray White Rural agent Andrew Turner on August 8.