Property

Movement at the station: Properties for sale  

Property editor Linda Rowley, February 17, 2021

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

  • Two Northern NSW families sell up after five generations
  • Reliable cow and calf block boasts scale in Inverell
  • Western Qld interest in The Palms
  • Barcaldine property features exceptional infrastructure
  • Water and fencing in Qld’s central west
  • Expand with St George’s Fairymount
  • Lachlan River frontage country up for grabs

 

Two Northern NSW families sell up after five generations

Ray White Rural is offering two properties for sale in northern New South Wales – each have had been held by five generations, with more than 320 years of single-family ownership between them.

The McRae family settled the 2047ha property Fairburn at Wollomombi, 53km from Armidale and 39km from Ebor, 148 years ago.

The high elevation Eastern Fall New England grazing property, situated in the heart of a renowned beef production area, has never before been offered for public sale.

It boasts a mixture of highly productive basalt, granite and traprock soils and the undulating terrain offers extensive areas considered ideal for further pasture development.

Over five generations the McRae family has run the property as a mixed beef and fine wool enterprise. However, in recent years the owners have concentrated on running a cow and calf breeding production system.

Water security on Fairburn is a feature with two reliable creeks and 83 dams.

Selling agent Lachlan Cullen said Fairburn is enjoying a terrific season.

“The vendors strategically destocked the property in preparation for sale and their retirement and this has resulted in a large body of both improved and native pastures,” he said.

Fairburn will be auctioned on March 18.

 

Meanwhile, 173 years of single-family ownership will end when Tim and Sue Sloman sell their Dunvegan Aggregation, north of Glen Innes.

The 1765ha low labour input breeding and fattening properties feature mostly open grazing country with large areas suitable for cultivation.

The well-established pastures are supported by more than 55 years of fertiliser history and conservatively run 700 breeders plus followers.

Situated at Dundee in a 900-950 mm rainfall district, the Dunvegan Aggregation is fenced into 40 paddocks and watered by more than 40 dams and five creeks.

Geoff Hayes from Ray White Rural said there has been widespread interest from producers seeking safe grazing country in a cooler climate.

“Inquiry has come from locals, and from New South Wales, Victoria, South Australia and the Northern Territory. Mixed farming prices have risen dramatically, particularly in southern parts, the Riverina and South Australia, preventing them from expanding and capitalising on higher beef prices.”

The Dunvegan Aggregation will be auctioned bare of stock on March 17.

 

Reliable Inverell cow and calf block boasts scale

One of the largest parcels of land in the Inverell district, in northern New South Wales, has been listed for sale.

The Rocky Creek Aggregation, 90km north east of Inverell and 74km north west of Glen Innes, features 3522ha of basalt, trap and granite country, including 1250ha of cultivation.

Described as a good reliable cow and calf block, it can run around 950 breeders and followers.

Rocky Creek is boasting a good body of feed and is watered by numerous dams, a solar equipped bore, a well and three permanent creeks.

The size and location of the aggregation is expected to attract good enquiry from local and interstate producers.

Terry Pyne from CL Squires Inverell is handling the marketing.

 

The Rocky Creek Aggregation, 90km north east of Inverell and 74km north west of Glen Innes, features 3522ha of basalt, trap and granite country, including 1250ha of cultivation.

Western Qld interest in The Palms

Expressions of interest are being sought for blue chip breeding and fattening country in southern Queensland’s renowned Upper Yarraman /Cooyar district.

The Palms is named after the tall palm trees which grow on the property’s six hectares of natural rainforest.

Situated 100km from Toowoomba and 61km from Kingaroy, the 373ha holding is owned by members of the McNally family who have decided to downsize.

The Palms comprises spring-fed low-lying fertile flats rising to elevated, developed scrub vine country featuring dark brown to red volcanic soils – around 73ha are currently planted to sorghum.

The grazing country, which can run 300 backgrounders, is carrying a large body of pasture due to recent destocking.

Water is a feature. Among the tall palm trees is a meandering spring feed water way, as well as two other springs and four dams.

Trevor Leishman from Elders Real Estate Toowoomba said The Palms boasts quality infrastructure, as well as 95 percent of new fencing.

“The tightly held country is attracting strong interest, mainly from western Queensland producers seeking a good fattening block with higher rainfall. They are keen to fatten their weaners here and send them on to feedlots or abattoirs.”

The Palms is being sold bare of cattle, but with a list of quality machinery. The EOI campaign closes on March 10.

The Palms is named after the tall palm trees which grow on the property’s six hectares of natural rainforest.

Barcaldine property features exceptional infrastructure

After four years ownership, Barcaldine’s cattle and sheep operation Eurolie is being offered to the market, bare of stock, by Bruce Henderson.

The 20,858ha block is a mixture of flat to slightly undulating, well shaded Mitchell and Flinders grass downs, rated to carry 2500 adult equivalents.

Mr Henderson has decided to scale down his operations, but not without investing significant funds into upgrading Eurolie’s infrastructure.

Most of the exclusion fencing has been completed, with the remaining eight kilometres to be completed shortly.

Selling agent Brett Christie from TopX said it is not the property it used to be.

“There is a new house, a new shearing shed and new sheep yards. In addition, the grass is responding well due to the good start to the year and the exclusion fencing. It is an exceptionally well laid out operation with water a standout feature.”

There are five dams and four artesian bores feed a complex pipeline system supplying numerous poly tanks and cement troughs to ensure water is delivered to all parts of the property.

While the price is on application, Eurolie is expected to achieve between $13m and $14.5m including some plant.

After four years ownership, Barcaldine’s cattle and sheep operation Eurolie is being offered to the market, bare of stock

Water and fencing in Qld’s central west

Water and exclusion fencing are the key features of Barcaldine’s Culburnie, which has been also listed for sale with TopX Australia.

The retiring Christmas family, who have held the 8255ha property since 2017, are just the second owners in more than 90 years.

Culburnie is suited to both cattle and sheep and is situated 30km north west of Barcaldine.

The country comprises a mixture of flat to gentle undulating Mitchell and Flinders grass downs, with soft native grass that can carry 1000 adult equivalents.

A flowing bore supplies ample water to all the paddocks and exclusion fencing is currently in progress and due to be completed in March (before settlement).

Mr Christie said the water and fencing tick the boxes.

“Culburnie is well located and has enormous production potential given the amount of water and the fencing. This has generated strong enquiry from producers from Central Queensland to Alice Springs seeking to background cattle,” he said.

Water and exclusion fencing are the key features of Barcaldine’s Culburnie, which has been also listed for sale with TopX Australia.

Expand with St George’s Fairymount

The Gerhardt family’s well grassed Fairymount, in southern Queensland, is being offered for sale after 22 years of ownership.

The 7834ha property, situated 35km north west of Bungunya or 108km south east of St George, can carry between 800 and 1000 breeders.

Fairymount is moderately undulating and consists of red belah soils and a small portion of melon hole country. Substantial areas have been cleared, with some areas stick raked and generally established to buffel.

It is watered by 15 dams and a bore.

Ben Forrest from the Resolute Property Group said there had been good interest from Queensland producers seeking to expand.

Fairymount will be sold via an online auction on March 11.

The Gerhardt family’s well grassed Fairymount, in southern Queensland, is being offered for sale after 22 years of ownership.

​Lachlan River frontage country up for grabs

A productive mixed farm on the banks of the Lachlan River, in central western New South Wales, is expected to achieve between $9 million and $9.75 million.

The 670ha Yamminga Aggregation, which boasts a 9.5km frontage to the Lachlan River, is located 17km west of Forbes and 50km from Parkes.

The property has a rich and fascinating history that dates back to the early 1800s when it formed part of the Carrawobitty Estate owned by James Collits.

In 1948, after World War II, 2500ha was resumed for soldier settlement by the Australian Government. Seventeen separate parcels were granted in 1951, including those that now make up the Yamminga Aggregation.

In 1988, the Robinsons purchased country from the Caldwell family, and in 2004, expanded their Forbes operations by purchasing the adjoining Stirling.

Under the Robinson Family’s ownership, the properties have been extensively developed with a focus on modern efficient irrigation and flood mitigation, fencing and subdivision.

The Yamminga Aggregation is a prime hay producing, lamb fattening and breeding, and cropping powerhouse with over 325ha developed for border check flood irrigation and over 200ha of rich river and creek seepage flats.

It is currently carrying between 1000 and 1500 breeding ewes and progeny in combination with the mixed farming enterprise.

The holding has a substantial 2091 MgL irrigation water entitlement, with two river pumps, as well as troughs and tanks. The property is also protected by a licenced levee system.

​The Yamminga Aggregation is being offered for sale as a whole or as four separate parcels with expressions of interest closing on March 31.

Gary Johnston from the Johnston Rural Group is handling the sale.

 

Click here to access more properties listed for sale

 

 

 

 

 

 

 

 

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