THIS week’s property review includes this summary of interesting recent listings across New South Wales, plus three separate articles on listings in Queensland and the Top End, and a wrap-up of recently completed sales.

• Kilter Rural offloads versatile Southern Riverina aggregation
• High carrying capacity grazing in NSW’s far north-west
• Scale in NSW’s Bylong Valley
• Bylong Valley’s Meadsville heads to auction

The 7210ha Oomabah Aggregation is located 8km from Tocumwal, 17km from Finley and close to the Murray River and key commodity processing facilities.

Kilter Rural offloads versatile Southern Riverina aggregation

Australian natural capital investment manager Kilter Rural is hoping to raise around $60 million from the sale of its highly productive irrigated and dryland cropping and grazing enterprise in New South Wales’ Southern Riverina.

The 7210ha Oomabah Aggregation (pictured above) is located 8km from Tocumwal, 17km from Finley and 55km from Deniliquin, and close to the Murray River and key commodity processing facilities.

It is the second portfolio offered to the market by Kilter Rural. Late last year, the 1856ha KAF Portfolio in Victoria’s Goulburn Valley was listed as part of a change in strategic direction within the organisation.

Chief executive Euan Friday said it was a challenging decision, but the firm is seeking to grow the Kilter Agriculture fund to $500m.

“The two aggregations represent a value creation opportunity to raise around $100m in capital to execute the change in direction.”

“In the medium term, Kilter Rural will focus on running and growing assets in the water space,” Mr Friday said.

The Oomabah Aggregation comprises five adjoining properties – 3080ha Wahroonga/Oomabah/Main Camp, 1197ha Burgess, 2086ha Marabou/Belmont, 404ha Korringa and 443ha Swindon – that were strategically identified and acquired by Kilter Rural over a 12-month period.

Across the portfolio, there is 484ha of irrigated cropping, 5086ha of dryland cropping, 142ha of grazing and the balance remnant vegetation and support land.

The 2025 winter cropping program consists of a rotation of barley, canola and wheat on mostly red to sandy loams, and some heavier clay soils and grey clay loams.

Colliers Agribusiness agent Duncan McCulloch said the aggregation represented a rare opportunity to acquire a large turnkey mixed cropping and grazing enterprise in a tightly held district.

“Featuring a well-developed irrigation network, including flood and centre pivot systems, the aggregation’s proximity to the Murray River and Murray Irrigation Limited offers further development upside,” he said.

Two long-term, triple-net lease agreements underpin the Oomabah Aggregation generating a secure income and providing flexibility for either part passive investment or direct operational engagement.

Situated in a 420mm average annual rainfall region, the holdings are watered by numerous bores and dams, with 1809ML of water entitlements included in the sale.

Infrastructure includes three homes, multiple grain silos and fertiliser storage sheds, and cattle and sheep yards.

The Oomabah Aggregation is available for sale in one line or as separate assets via an upcoming international expression of interest process closing on July 31.

High carrying capacity grazing in NSW’s far north-west

High carrying capacity grazing and farming country in New South Wales’ far north-west, close to the Queensland border, is anticipated to make between $7 million ($1038/ha) and $8.5 million ($1235/ha).

The 6820ha Belvedere, 37km south-east of Goodooga and 86km north-east of Brewarrina, is rated to run 4580DSE and is currently running 1600 weaners.

During its four-year ownership, the Wagga-based Male family has undertaken significant capital works to transform the sheep and cattle property into a versatile grazing and dryland farming operation.

Nutrien Harcourts agent Chris Clemson said it was an opportunity to secure some of the best value cropping and grazing country in New South Wales.

“Belvedere is a highly-productive, low-input asset which, given the season (more than 200mm since the end of March) and improvements, is ready to perform from day one of ownership.”

“Compared to other cropping country, lower inputs can be expected because it doesn’t need fertiliser and pending recent approvals, the cultivation area could be expanded,” Mr Clemson said.

Around 690ha is arable and developed to dryland farming for grain and fodder production. Currently planted to wheat, the crop can be included or excluded from the sale.

The open and flat Mitchell grass country has deep grey alluvial self-mulching soils and areas of clay plans.

Situated in a 420mm rainfall region, Belvedere boasts 17km of Narran River frontage and has a shared water arrangement with a neighbouring bore that feeds around 14km of bore drains and ground tanks.

Around 12km of new steel fencing was constructed in 2023, along with a newly constructed laneway, with an additional 20km replaced over the past ten years.

Infrastructure includes a three-bedroom home, a two-bedroom granny flat, two sheds, a three-stand shearing shed, a new three-bay horse stable complex, an old shearers’ quarters (in need of repair) and sheep and cattle yards.

Belvedere is being offered for sale by expressions of interest closing on August 8.

The 6820ha Belvedere, 37km south-east of Goodooga and 86km north-east of Brewarrina, is rated to run 4580DSE and is currently running 1600 weaners.

Scale in NSW’s Bylong Valley

A cattle breeding and finishing enterprise spanning close to 3200ha is being offered for sale in one of Central New South Wales’ most scenic and fertile valleys.

It comprises two adjoining holdings – the 2545ha Burrumbelong Aggregation and the 651ha Ringwood – on the favoured western side of the renowned Bylong Valley, 37km north of Rylstone and 80km east of Mudgee.

Held by a local family for more than 50 years, the assets are being sold as a result of ‘inter-generational change’.

Ray White Rural agent Hamish Firth was unable to disclose the vendor or a price guide, however it is understood interested parties are being offered a $12m to $14m price guide.

The Burrembelong Aggregation comprises:

• Montoro, that comes with a four-bedroom home (in need of renovation) and a shed.
• Burrumbelong featuring remnants of the original sandstone homestead, sheds and a set of cattle yards and;
• Thornvale which has a three-bedroom home, a two-bedroom home (in need of renovation), a shed and steel cattle yards.

More than 1000ha or 40pc of the land is arable and suited to improved pastures, cropping and lucerne production, which, if developed with fertiliser and enhanced water, is anticipated to lift the property’s carrying capacity.

The Burrembelong Aggregation is currently running between 600 and 700 cows and calves, with capacity to carry additional trade cattle under favourable seasonal conditions.

Finished livestock are regularly marketed through regional saleyards in Mudgee, Scone and Singleton.

Water is sourced from seven bores (three are equipped), 19 dams and 5km of Burrembelong Creek frontage, supported by 659mm of average annual rainfall.

The neighbouring 651ha Ringwood consists of 105ha of productive river flats, 153ha of arable grazing and 392ha of heavily timbered grazing land. Estimated to run 110 cows and calves, as well as a number of trade cattle when the season permits, it is offered with a 464ML irrigation water licence, a three-bedroom home, a shearing shed, steel cattle yards and two sheds.

Expressions of interest for the Burrembelong Aggregation and Ringwood, as a whole or as separate assets, close on July 10.

The sale is being handled by Ray White Rural agent Hamish Firth and Cullenroyle agent Richard Royle.

The 2545ha Burrumbelong Aggregation and the 651ha Ringwood are on the favoured western side of the renowned Bylong Valley, 37km north of Rylstone and 80km east of Mudgee.

Bylong Valley’s Meadsville heads to auction

Also, in the heart of the Bylong Valley, the 140ha Meadsville will be auctioned on July 18.

Featuring gently undulating red basalt country that has been cleared and pasture improved, it is ideal for farming, breeding or fattening.

Water is supplied by an equipped bore and six dams.

Infrastructure includes a three-bedroom home, numerous sheds and steel cattle yards.

The receiver sale is being handled by First National Mudgee agent Peter Druitt.