THE sale of the well-known south-west New South Wales property Glensloy heads a list of recent successful sales in this week’s property review by editor Linda Rowley.

A FARMING family from Young has taken possession of Glensloy, a productive mixed farm owned by well-known New South Wales commercial wool grower Jim Gordon.

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.

In May last year, the lamb, wool and beef production powerhouse was offered to the market for the first time since 1901. At the time it was conservatively managed and running 2000 ewes, 1500 lambs and 100 cattle and growing 981ha of crops on red to sandy loam soils.

Elders agent Rachelle Barnett was unable to disclose the price paid; however, when Glensloy failed to sell at auction in June, it was listed for $17 million.

“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,” Ms Barnett said.

Watered is secured by 15 dams (some are spring fed), seven bores and 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.

Northern NSW’s Braemar sells to the Swain family

The balance of a highly productive mixed cropping, wool and prime lamb enterprise in northern New South Wales has reportedly sold to the Swain family for around the $13.5 million asking price.

The 1870ha Braemar, 10km from Manilla and 33km north of Tamworth, was offered to the market in September 2022 by rural communications specialist Robbie Sefton and husband Alistair Yencken.

In November last year, a neighbour paid around $4 million for Shenfield, a 320ha farming block listed for separate sale after Braemar failed to sell via an expressions of interest process.

The remaining 1549ha Braemar was offered for around $13.5m. Its sale was quietly transacted late last year; however, Inglis Rural Property agents Sam Triggs and Jamie Inglis were unable to disclose the buyer or the price paid.

Robbie Sefton said the sale of Braemar ends 25 years of pursuing farming interests in north and north-western New South Wales.

“As part of our continued business plan, Alistair and I are looking forward to new farming opportunities in the southern Riverina and are currently assessing several farms.”

Braemar was purchased by the vendors in 2007 and extensively developed, with a significant portion sown to high performance pastures such as lucerne.

Equally suited to cattle, prime lamb or wool production, it is estimated to carry 15,000DSE or 650 cows.

Braemar has been drought-proofed through a sophisticated bore water system supplying the 42 paddocks. In addition, there are 28 dams, six bores and dual frontage to the seasonal Greenhatch and Dead Horse Gully Creeks.

The principal residence is an historic renovated homestead dating from 1900. There are a further four refurbished residences on the property, including a historic Cobb and Co coach house.

The infrastructure includes a five-stand shearing shed, sheep and cattle yards, numerous sheds, a 750-tonne grain storage and a 250-tonne grain bunker.

Corporate secures Bendemeer’s Glenclair Aggregation

A corporate has secured a breeding block on the Northern Tablelands of New South Wales offering untapped potential.

The 4210ha Glenclair Aggregation is located 13km from Bendemeer and 45km north of Tamworth.

Nutrien Harcourts agent Cody Van Heerwaarden was unable to disclose the purchaser or the price paid.

The Glenclair properties were aggregated over 45 years by the Sydney-based McLachlan Group. The aggregation comprises three adjoining holdings – Glenclair, Airlie Station and Yaccamunda.

The diverse topography consists of productive river flats, soft undulating cleared country to steeper, heavily timbered areas, and at the time of sale was running up to 750 cows and calves.

During the marketing campaign, Mr Heerwaarden said the carrying capacity could be significantly increased with improved pastures, fertiliser and supplementary crops.

In addition to the grazing enterprise, the mostly granite soils, complemented by some areas of basalt country, are growing 42ha of oats and 24ha of millet.

It has 10km McDonald River frontage, numerous creeks, dams and spring-fed gullies, as well as three water licences totalling 255ML in a 750mm to 800mm of average annual rainfall region.

Infrastructure includes three homes, multiple cottages, cattle and sheep yards, two shearing sheds and numerous sheds.