Property

Western Australia’s Walt Portfolio on sale for around $50 million

Property editor Linda Rowley, May 10, 2024

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

 The Walt Portfolio, WA

 Great Southern farming country, WA

 Merridale, Qld

 Niloc, NSW

 

The Walt Portfolio, WA

Around $50 million is anticipated for a portfolio of cropping and grazing farms in a sought-after, high rainfall region in Western Australia.

The 5595ha Walt Portfolio has been aggregated over 11 years by European-owned and Melbourne-managed First Australian Farmland, and is being offloaded to allow the vendors to focus on other investments.

The holding is considered a large-scale offering for the region. It is located 65km south-west of Albany in WA’s Great Southern region and suited to canola and cereal cropping and sheep and cattle production.

The Walt Portfolio comprises two operational hubs around 12km apart – the 1017ha Gidget and 1035ha Range Montana near South Stirling and the 999ha Wimbush, 978ha Tagliaferri and 1564ha Goodhope near Green Range.

There are an estimated 3937 arable hectares with seeding already underway on 2772ha. The 2024 cropping program consists of 1162ha of canola, 1035ha of barley and 575ha of wheat.

Also suited to livestock production, the vendors have been running 9000 sheep.

Elders agent Simon Cheetham said as a result of their close proximity to the South Coast and 620mm of average annual rainfall, the farms benefit from a mild climatic zone, with a very low frost risk and minimal days of heat stress.

“It is an ideal acquisition for farmers or investors looking to increase their footprint in a reliable, tightly held, generational farming location.”

Across the aggregation, water is supplied by three bores, dams and rainwater tanks holding 275,000 litres.

Infrastructure includes two homes, a five-stand shearing shed, modern steel sheep yards, confinement feeding facilities, numerous sheds, meticulous fencing and 562 tonnes of grain storage.

Expressions of interest for the Walt Portfolio close on May 28.

‘No name’ property listed for sale

After 32 years of ownership, Neil and Loris Wilson have listed their farming country in Western Australia’s Great Southern region for $8.3 million.

The 1355ha property — that doesn’t have a name — is situated on the South Coast Highway in the productive cropping area of Gairdner, 11km north of the CBH grain terminal and 23km south of Jerramungup.

The property is perched high on the slightly undulating landscape with well drained, strong to medium soil types. Its 890ha of arable land has been growing canola, wheat and barley on 890ha of arable country,  The property previously ran sheep.

Raine & Horne agent John Hetherington reports good local and corporate inquiry.

“While the infrastructure is dated but useable, the farming land is exceptional and has only experienced one frost due to its proximity to the coast.”

The property is in a 450mm average annual rainfall region, and is also watered by several dams and rainwater tanks.

Infrastructure includes an older three-bedroom home and shearing shed, sheep yards and numerous sheds.

Local interest in Merridale, Queensland

 

 

 

 

 

 

 

 

 

 

 

A Queensland Western Downs mixed cropping and livestock property is being offered by sale by Rebecca Perrin after five years ownership.

The 1473ha Merridale is located 76km south-west of Millmerran and 86km north-east of Goondiwindi.

Nutrien Harcourts agent Andrew Jakins said interest is coming from locals and families from away.

“Merridale represents an ideal cash cropping or forage cropping and backgrounding property with versatile soils, strategic location and good access to markets.”

The gently sloping country has productive level soils, including friable belah, brigalow and wilga to reddish loams near the Yarrill Creek.

Currently, 740ha are farmed for cash and fodder crops. The winter crop, comprising mostly wheat and chickpeas, is about to be planted and will be included in the sale.

Around 50 percent of Merridale can be grazed by sheep or cattle on improved pastures, including buffel and rhodes, and natives such as Queensland blue grass.

The property has been thoughtfully developed with cattle camps and shade lines.

Merridale is watered by a private bore, supported by an average annual rainfall of 625mm.

Infrastructure includes three residences, numerous sheds, a two-stand shearing shed, steel cattle yards and 530 tonnes of grain storage.

Niloc on sale for expected $5.5-6 million

 

Retiring Greg and Heather Weber are offering their turnkey mixed farming operation in central New South Wales with a $5.5 million and $6 million price guide.

The 2490ha Niloc near Bobadah, 45km west of Tottenham and 92km from Nyngan, has been held by the Webers for 17 years.

The property was named sometime around World War II, and if you haven’t figured it out already, the name is Colin spelt backwards.

The generally flat to rolling country offers a mix of cropping and grazing areas capable of running up to 2500 ewes and followers.

Currently destocked and supporting a solid body of feed, around 85 percent of Niloc is arable with the vendors permitted to clear more country.

McGrath Rural agent Scott Petersen described the property as versatile, well managed and thoughtfully developed.

“After tremendous rain to start the 2024 season and good follow up falls last weekend, the rich red loamy soils are boasting a great moisture profile with the vendors planting more than 500ha to barley.”

Niloc is watered by 19 dams supported by a 432mm average annual rainfall.

Infrastructure includes two homes, cattle and sheep yards, a three-stand woolshed, numerous sheds and 625 tonnes of grain storage. There are more than 60kms of new and near new fencing.

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