THIS week’s property review includes this wrap-up of interesting recent listings across New South Wales and Victoria and two other articles on listings in Queensland and properties that have recently changed hands.

• Allan Myers offloads Victoria’s Condah Hills
• Cattle & crops in NSW’s Gwydir Valley
• High profile couple lists high performance grazing block

Condah offers a drought-resilient, large-scale grazing and irrigation enterprise with first-class infrastructure.

Allan Myers offloads Victoria’s Condah Hills

Dunkeld Pastoral, owned by prominent barrister and businessman Allan Myers and family, is selling one of its blue ribbon portfolio properties in Victoria’s Western District.

Allan Myers KC

The 1208ha Condah Hills Aggregation, comprising the 1083ha Condah Hills and the neighbouring 125ha Condah Dairy, are located south of Hamilton and 30 minutes from Portland.

Condah Hills, pictured above, was purchased by Mr Myers in 2019 from the Davis family after 30 years of ownership.

JLL Agribusiness agents Jock Grimshaw and Chris Lawlor have been appointed to handle the sale, which is part of a long-term consolidation strategy by the company.

Mr Grimshaw was unable to offer a price guide, explaining there hadn’t been an asset of this quality tested in the market for some time.

“Condah offers a drought-resilient, large-scale grazing and irrigation enterprise with first-class infrastructure. Interest should come from a mix of privates and corporates, as well as local and interstate producers,” he said.

Mr Grimshaw said Condah Hills was a genuine turnkey asset.

“The combination of irrigation, infrastructure and improved pastures offers the operational flexibility to support a wide range of livestock and mixed farming enterprises.”

A standout feature is the irrigation, with around 80ha under two centre pivots growing sorghum for feeding out over the summer and winter, with scope for further development.

Mr Lawlor said extensive capital works have transformed the property into a production powerhouse with exceptional backgrounding and finishing capabilities.

“The favourable land and soil types have undergone a systematic pasture improvement program, with around 80 to 90 percent of paddocks renovated over the past six years. This has been complemented by consistent annual fertiliser application and a proactive pasture management regime.”

The enterprise is also underpinned by secure water entitlements totalling 1155ML providing a buffer against climatic risk and enhances both operational and financial performance.

Infrastructure includes three homes, a 1000-head feedlot, a weighbridge, centralised laneway system, numerous sheds and close to 2000 tonnes of grain storage.

The portfolio is available as a whole or as separate assets with the expressions of interest campaign closing on May 7.

Cattle & crops in NSW’s Gwydir Valley

A multiple income stream portfolio in the productive Gwydir Valley of north-west New South Wales has been listed by a local farming family after 40 years of ownership.

The 7356ha Eureka Aggregation is located near Bullarah, 67km west of Moree, and comprises the neighbouring 2291ha Eureka and 4159ha Wandoona, and the nearby 906ha Alamby.

An additional 581ha is under a permit.

The turnkey enterprise is offered with four water licences totalling more than 14,000ML from the Gwydir and Mehi Rivers and more than 20,000ML of on-farm water storage, supported by 520mm of annual rainfall.

Moree Real Estate agent Terry Adams is handling the sale, which will include the current crops, however he was unable to disclose the vendor or price expectations.

“The regulated water licences are expected to sell for around $8000/ML and recent, comparable property sales are achieving upwards of $10,000 an arable hectare. A property of this calibre should attract large family operators and corporates,” Mr Adams said.

The current owners purchased Eureka back in the early 1980s and during their ownership have increased the irrigation from 34ha to more than 310ha, missing just one cotton crop.

In 1995, they added the neighbouring Wandoona. Spanning 4159ha of wetland grazing and dryland farming, the property gave the owners additional income streams.

In 2017, the nearby Alamby, a dryland farming block, was added to the mix.

The level open floodplains feature a balance of black and grey self-mulching clays suited to cultivation.

There is 3800ha of dryland farming land suitable for both summer and winter cropping and 1600ha of Gwydir Wetlands grazing currently running 340 cows.

Around 1515ha of developed irrigation is divided into 19 fields and watered by four gravity-fed reservoirs. Every year, three fields are re-lasered to maintain efficient water distribution and improve yields.

Currently, 280ha has been planted to dryland cotton, with 2500ha of the remaining area earmarked for planting wheat, faba beans and chickpeas this winter.

There is extensive infrastructure on Eureka and Wandoona including three homes, four cottages, 5960 tonnes of silo storage, numerous sheds and three cattle yards.

Expressions of interest close on May 14.

High profile couple lists high performance grazing block

Well-known northern New South Wales horseman Bronson Macklinshaw and veterinarian Coco Wills-Allen are selling their high-performance grazing country in the renowned New England region.

The picturesque and productive 370ha Argyle is located 23km east of Guyra and 35km north of Armidale, and is being sold by the couple after four years of ownership as they relocate to southern New South Wales.

Argyle is a strong backgrounding block primed for maximum beef production

Ray White Rural agent Andrew Starr said Argyle is a strong backgrounding block primed for maximum beef production.

“The mostly basalt soils are growing a bulk of feed after the vendors destocked the property in preparation for sale,” he said.

Fenced into 21 main paddocks, Argyle has undergone recent fencing upgrades, making it ideal for rotational grazing, Mr Starr said.

Situated in an 860mm average annual rainfall region, water is sourced from the Wollomombi River, dams, a bore and a creek.

Infrastructure includes a renovated four-bedroom home overlooking the Chandlers Peak, two steel cattle yards, a multipurpose horse arena, cut out and weaning yards, horse stables, sheds and two silos.

Argyle will be auctioned on May 1.