THIS week’s property review includes a wrap-up of interesting recent listings across New South Wales and Queensland.

 Fully exclusion fenced breeding and backgrounding in south-west Qld

 Two neighbours list three properties in western Qld

 Price reduced for Gunning’s Walwa

 NSW far south-west country offers diversity

Fully exclusion fenced breeding and backgrounding in SW Qld

A fully exclusion fenced breeding and backgrounding operation in Queensland’s far south-west has returned to the market and will be auctioned on May 8.

The 31,745ha Neverfail and Wyuna Aggregation is situated 54km south of Eulo and 120km south-west of Cunnamulla.

In August 2020, a Tamworth-based group of buyers secured the aggregation and invested in new fencing and watering points.

Two years later it was sold to a Bendigo-based family that is now pursuing opportunities closer to home.

The Neverfail and Wyuna Aggregation has attracted strong enquiry from cattle and sheep producers from Queensland, New South Wales, Victoria and Western Australia, as well as some corporates who have run a ruler over it for carbon.

Border Real Estate agent Dave Leeds was unable to offer a price guide; however, nearby sales have achieved between $222/ha and $272/ha, equating to $7-$8.63 million.

“Neverfail and Wyuna is the best fenced block I have ever marketed and as a result it is easy to manage,” Mr Leeds said.

“Both properties received tremendous rainfall over December and January which is setting them up for the coming 12 months.”

According to the vendor, Neverfail and Wyuna can run 8000DSE, but the holding is currently carrying around 2000 Dorper ewes and more than 7000 goats.

The country comprises 2025ha of Werai watercourse flood country from the Paroo River with the balance mostly soft red loam country growing an abundance of grasses and edible mulga.

The aggregation is well-watered by four bores and four dams.

Infrastructure includes accommodation, a shed, near new sheep/goat yards and an historic shearing shed.

Two neighbours list three properties in western Qld

After five years ownership, Lance and Tracy Horsley, Tungamah Pastoral, are selling their western Queensland country.

The 30,400ha Hereward and Bude Aggregation is located 66km north-west of Longreach with double highway frontage.

In 2019, the Gold Coast couple purchased the 11,495ha Hereward and the neighbouring 9520ha house block, ending 107 years of Mackay family ownership.

The adjoining 9385ha Bude, a freehold block, was purchased by the Horsleys in 2021.

Hereward and Bude are suited to cattle breeding, backgrounding and finishing, and can carry 4000 cattle or sheep equivalents. They would also suit a larger northern operation looking for a backgrounding depot.

The country consists of open downs Mitchell grass country growing substantial stands of buffel grass and prolific stands of seasonal herbages.

Combined, the aggregation is watered by an equipped bore, a lagoon, numerous dams, seasonal waterholes and flood out channels from the Darr River and Ten Mile Creek.

Ray White Rural agent Bill Seeney said during their ownership, the Horsleys have spent considerable money renovating Hereward’s four-bedroom home and upgrading infrastructure, including yards and fences.

Across the aggregation, there are two homes, a cottage, numerous sheds, two shearing sheds, sheep yards and two steel cattle yards.

Expressions of interest for Hereward and Bude close on May 9.

Interestingly, the neighbouring 10,578ha Westward Ho is also on the market. It has been listed by Winton’s Ogg family, who are based at Ayrshire Downs. Westward Ho’s low maintenance backgrounding or fattening country is carrying a good body of feed and can comfortably carry 1200 backgrounders through to feeder weights.

The expressions of interest campaign for Westward Ho is being handled by Brodie Agencies agent Tom Brodie.

Reduced price for Gunning’s Walwa

The home of the Walwa Merino Stud on New South Wales’ Southern Tablelands has returned to the market with a $13.7m price tag.

Late last year, the 1046ha Walwa Homestead was offered for sale after 37 years by Alan McCormick, who is moving to Goulburn.

The property was anticipated to achieve more than $15 million, but after failing to sell following an expressions of interest process, Walwa has returned to the market at a reduced price of $13.7m.

The property is situated near Gurrundah, 28km north of Gunning, and boasts a string of prominent previous owners including sheep breeder Sir Walter Merriman and Ros Packer’s parents Dr Stephen and Phyllis Weedon.

Walwa Homestead has a long history of producing wool, lamb and beef, with a carrying capacity of 8090 dry sheep equivalents or 7.7DSE/ha.

The current sheep enterprise encompasses a self-replacing Merino flock (1616 ewes), first cross ewe flock (500 ewes), merino wethers (800 head), mixed sex hoggets (562 head) plus stud stock comprising 300 ewes and 100 rams.

The cattle side of the business runs more than 300 mixed head, including 200 females.

The mostly gently undulating country with rolling hills features red basalt and granite soils with areas of shale. Around 540ha are pasture improved with scope to increase this area by a further 125ha.

Forage cropping has recently been incorporated into the paddock rotations with 43ha of grazing canola and 34ha of oats.

The property is watered by 27 dams, a number of natural watercourses and springs.

The property has 13 wind turbines which are part of the Gunning Wind Farm, offering a supplementary income from a renewable energy lease that expires in 2038.

Accommodation includes the historic six-bedroom Walwa homestead built in 1913 and two other homes.

New working improvements include a five-stand shearing shed and yards, steel cattle yards, numerous sheds and two 60-tonne silos.

Walwa Homestead is being sold by LAWD in conjunction with Delta Agribusiness.

NSW far south-west country offers diversity

 

Around $3m is anticipated for a breeding and grazing enterprise with broadacre cropping capabilities in New South Wales’ far south-west.

The 8429ha Toora Station is located in the Anabranch South district, 50km north of Wentworth and 70km north-west of Mildura.

It is being sold by Colin Andrews after 112 years of single family ownership.

Nutrien Harcourts Mildura agent Michael Fernandez said Toora Station would be suitable as an entry level asset or expansion for existing landholders.

“It is rare for properties in this tightly held area to come to the market, with the last listing around 20 or 30 years ago.”

“As a result, Toora is generating tremendous interest locally and from interstate producers, mainly from Victoria and South Australia who will lease the cropping country.”

The property features double frontage to the Great Darling Anabranch Creek, that on a high river drains into Lake Toora. The property is also watered by the pressurised anabranch water supply and a private internal supporting pipeline system.

Toora has a history of breeding Merino sheep, but is equally suited to Dorpers or cattle. Under average seasonal conditions, it has an estimated carrying capacity of 2600DSE.

The country is mostly flat to slightly undulating with open grass plains growing blue bush, pearl bush, copper burr, cannon ball, annual forbs and medics and timbered with belah, rosewood, cabbage bush, neila, box and mallee.

Toora is being offered with a cultivation licence and a 62ML general security water licence for irrigation.

Around 1000ha of the soft red loam soil types are cleared and arable, and suitable for dryland cereal cropping or pasture improvement for livestock.

Improvements include a four-bedroom home, a three-bedroom cottage, numerous sheds and sheep yards.

Expressions of interest close on April 26.