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

 Girilambone country stays in local hands

 Victorian grazing asset offered with wind turbines

 China sells 13,000ha of prime Liverpool Plains country

 $8m+ for Riverina cropping and grazing

Girilambone country stays in local hands

 

The Welsh family has paid $3.5 million for quality grazing and farming country in western New South Wales.

The Welshs have bought Terry and Mary Ervin’s 2069ha Iona Station near Girilambone, 55km north of Nyngan.

Nutrien Russell Property and Livestock agent David Russell said the sale price was slightly above expectations following five inspections and four registered bidders on auction day.

”Iona is favoured with quality mixed soil type cultivation country and grassed up grazing that is well-watered and fenced,” he said.

The purchase price included a 20 percent share of the 807ha sown to wheat as part of a share farm seasonal agreement.

There are 1650has of cultivation country with the balance comprising slightly undulating grazing country capable of supporting up to 900 Dorper ewes.

Iona receives an average of 475mm of rain a year and is watered by nine dams supported by a 300,000 litre rainwater storage tank.

Infrastructure includes a five-bedroom home, numerous sheds, a 20-tonne silo, a three-stand shearing shed, sheep yards and steel cattle yards.

Victorian grazing asset offered with wind turbines

 

More than $37.4 million — $17,304/ha or $7000/acre — is anticipated for a prized high rainfall grazing asset in Victoria’s Western District, underpinned by renewable energy income, generated from 13 wind turbines.

The 2161ha historic Winnidad Pastoral Aggregation is near Mortlake and 48km from Warrnambool.

The aggregation comprises eight separate holdings ranging in size from 60ha to 590ha. They are offered for sale in one line or as separate assets via expressions of interest closing on October 17.

The properties have a combined carrying capacity of 35,000 DSE and are currently running 9000 joined composite ewes producing prime lambs, and 700 cows, heifers and replacements.

Basalt derivative soils supported by consistent fertiliser application underpin the average annual stocking rate of 17DSE/ha.

The gently sloping land is highly suited to pasture improvement with potential for dryland cropping.

The Winnidad Aggregation was settled in the early 1900s by the McDonald family and is now held by descendants, Sarah and James Law.

Ms Law said her great, great grandfather bought a number of paddocks along the railway line in Mortlake and added to them over the years.

“It is a beautiful part of the world and a difficult decision to sell.

“The land is very versatile,” she said.

“It is capable of running beef, dairy or sheep and last year the wind turbines became operational, providing another income.”

The historic four-bedroom Winnidad homestead is located 8km from Mortlake.

With the property boundary meeting the town, cattle can be walked to the Western Victoria Livestock Exchange for sale.

LAWD agent Col Medway said the Winnidad Aggregation offered a rare opportunity to acquire a commercial-scale asset with diverse income options in the coveted Mortlake district.

“The enterprise will appeal to local businesses seeking to expand, international investors attracted by a large-scale grazing enterprise and those with a mandate to combine renewable energy with agriculture.”

Mr Medway said the ability to purchase whole or part of the Winnidad Aggregation presented an opportunity for all buyer types, with three of the properties benefitting from the secure income provided from the wind turbine rent.

The Winnidad Pastoral Aggregation is securely watered by the Stony Creek, 28 dams and a network of bores.

Infrastructure includes the historic four-bedroom Winnidad homestead, with many of the blocks equipped with quality accommodation and operational infrastructure enabling them to operate individually.

China sells 13,000ha prime of Liverpool Plains country

Chinese development company Aohai Australia is offloading more than 13,000ha of prime Liverpool Plains cropping and grazing country in northern New South Wales.

McEvers Park

The 5351ha McEvers Park was p urchased in June 2020 for $18 million. It is a dryland cropping and beef production powerhouse on the Liverpool Plains near Goolhi, 23km west of Mullaley and 56km west of Gunnedah.

The property comprises eight holdings of flat to undulating topography has fertile soil types, with about 2000ha arable and the balance productive grazing land.

Previously, 1000ha was cropped and 1200 breeding cows and 300 replacement heifers were run, finishing progeny on fodder crops through to supermarket weight requirements.

The fencing is described as excellent, with water supplied by several bores and supplemented by dams and creeks underpinned by 681mm of rainfall.

Infrastructure includes four homes, three steel cattle yards, numerous sheds, a three-stand shearing shed, sheep yards and 2000 tonnes of grain storage.

Butheroo

The 7737ha Butheroo was purchased in September 2016 for $9.5 million. It is situated near Neilrex, 23km from Coolah and 89km from Dubbo.

The property comprises five adjoining holdings. About 1100has are arable, with the balance used for beef and sheep production.

The productive soil types and gently undulating topography are underpinned by 600mm to 650mm of average annual rainfall.

Infrastructure includes a four-bedroom home, as well as five additional dwellings, two steel cattle yards, a three-stand shearing shed, sheep yards, numerous sheds and 13 silos with 550-tonnes of grain storage.

There are 50km of new fencing with partial boundary exclusion fencing, 75 dams and frontage to the Butheroo Creek.

McEvers Park and Butheroo are being offered for sale in one line or as separate properties by expressions of interest.

CBRE agents James Beer, Nick Connor, John Harrison and Thomas Quinn are handling the sale.

$8m+ for Riverina cropping and grazing

 

In excess of $8 million is being sought for a high calibre cotton, cropping and finishing property in New South Wales’ southern Riverina.

The 2004ha Waringah is owned by Lachie Bull. It is located 45km north-east of Conargo and 80km from Deniliquin, about 60km from the nearest cotton gin.

Waringah was held by members of the Bull family for around 100 years before being sold. Around 15 years ago, Lachlan Bull repurchased the holding, but is now selling to allow the family to relocate south-west of Echuca.

There are around 1150has of highly fertile alluvial self-mulching and soft loam cropping country on Waringah growing mostly cotton and winter cereals.

Waringah also has a proven capacity across a wide variety of winter and summer cropping options and fodder production.

Nutrien Harcourts Deniliquin James Sides said Waringah has been superbly managed and presents to the market as one of the best purchasing opportunities ever offered in the southern Riverina.

“Boasting modern soil management and cropping practices, it has 310ha of state-of-the-art modern lateral spray (2023) and furrow irrigation development with GPS.

“It also has 450ha of newly developed lasered bankless and pontoon layout irrigation and 390ha of dryland cultivation,” Mr Sides said.

Mr Sides said the successful purchaser can further expand the irrigation development, with extensive dryland cropping areas suitable for lateral spray or centre pivot spray irrigation.

The healthy Riverina livestock country is described as beautifully sheltered and watered and is currently running 1500 sheep and 40 head of cattle.

Waringah is ituated in a 375mm rainfall area, and there are two irrigation bores with 40ML of combined daily extraction.

Infrastructure includes numerous sheds, cattle yards, three 55t grain silos and extensive new fencing throughout, including exclusion fencing.

There is development application approval for 11 wind turbines (contracted to a major energy supplier) with scope to generate a substantial passive income with a proposed starting date in 2027.

Waringah is being offered for sale by offers to purchase closing on October 4.