Property

Movement at the Station: Properties for sale

Property editor Linda Rowley, March 17, 2021

Situated in three sheltered valleys, Llangollan comprises 2733ha of well grassed grazing country, rising from creek flats to open mountain plateaus.

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.

  • Renowned northern NSW cattle country boasts high rainfall
  • New England aggregation offers rare scale and water
  • Strong local interest for nearby Culgoa
  • Two Western Division holdings on offer
  • Victorian Wagyu operation relisted
  • Well grassed Mount Abundance property
  • Southern QLD’s Murilla South returns to the market
  • Carbon potential on Cunnamulla’s Carellan
  • Two mixed farming opportunities on border country

Renowned northern NSW cattle country boasts high rainfall

A high rainfall, low-cost calf factory overlooking the Horton Valley, an area renowned as being some of the best cattle country in New South Wales, will be auctioned on April 16 by Ray White Rural.

Situated in three sheltered valleys, Llangollan, pictured above, comprises 2733ha of well grassed grazing country, rising from creek flats to open mountain plateaus.

Llangollan was settled in the early 1900s and since then, there have been only three owners, with the Boland family holding the property for the past 24 years.

Water is a key feature, with recent developments in water storage and management providing a virtually guaranteed stock water supply.

On top of the modern reticulated system (from a network of four bores), there are 40 dams, two creeks and other smaller tributaries ensuring that cattle never have too far to travel to access water.

With an average elevation of 630m (with peaks to 855m), Llangollan’s historical rainfall data shows around 990mm of rain.

Fertiliser and pasture management strategies underpin the breeding program which has shown production levels in excess of 1100 females joined annually.

LLangollan is being sold bare of stock however, the property is currently home to around 1000 joined females which the successful purchaser will have the option to purchase at agreed market value.

RWR’s Andrew Starr said the property is likely to attract an owner operator, however the scale and the level of production more than justifies a full-time management team for an absentee owner.

New England aggregation offers rare scale and water

Spanning 5200ha, Deepwater’s Echo Aggregation in New South Wales’ northern New England offers economy of scale and water security.

The seven properties are located east of Deepwater, midway between Glen Innes and Tenterfield – close to major feedlots, saleyards and abattoirs.

Offering a balanced blend of soil types and topography from river flats to sheltered timbered hills, the country lends itself to cattle breeding, wool growing or backgrounding.

Situated in a 965mm annual rainfall area, Echo’s water supply makes it virtually drought proof with around 12km of single and double frontage to the Deepwater River, numerous large stock dams, creeks and seasonal gullies.

Added security is offered via a 104ML water licence (WAL) which provides water through a modern centre pivot to fertile river flats. Previously used to grow silage for stock feed, the irrigation may be used for any number of cropping or horticultural applications.

Bruce Birch from Ray White Rural said the Echo Aggregation will be sold as a whole.

“Properties of this scale are rarely offered in the New England. The vendors are genuine sellers – hoping to downsize and relocate to southern Queensland,” he said.

The Echo Aggregation has been run as a sheep and cattle property, making it difficult to determine its carrying capacity if purchased as a standalone beef enterprise. However, prior to the drought, the vendors were reportedly running 2000 cows.

Mr Birch said there had been interest from those seeking to operate Wagyu or Angus herds and from producers seeking to breed both cattle and sheep.

The Echo Aggregation will be offered for auction by Ray White Rural on March 26.

Strong local interest for nearby Culgoa

Meantime, the owners of the Echo Aggregation are also offloading the nearby 882ha Culgoa – with one property separating the two holdings.

Comprising 882ha of open grazing country, Culgoa is not only productive but also private and scenic.

Water is also a key feature, with an extensive frontage to Deepwater River, seasonal gullies and numerous stock dams.

The sale includes a 165MEG water licence (WAL) giving the incoming purchaser the option of growing a variety of crops along the fertile river flats.

Management is made easy by the uniform shape of the holding and recent major improvements in paddock design and internal fencing which allows for both set and rotational grazing practices.

Selling agent Bruce Birch said there had been strong interest from family operators.

“Culgoa is a smaller and easily managed enterprise due to the upgrades. It should run 400 to 500 cows, or 5500 dry sheep equivalents, depending on the style of management,” he said.

While Mr Birch would not discuss price expectations for the Echo Aggregation or Culgoa, he did indicate that most of the feedback (from New South Wales and Queensland) indicates a price guide of $10,000 to $15,000 per cow area.

Culgoa will be auctioned on the same day as the Echo Aggregation, on March 26.

Two Western Division properties on offer

Cobar’s diversified grazing and farming aggregation Bulgoo, boasting a large carbon project, is expected to make between $15 million and $16 million.

The holding comprises the 20,915ha Bulgoo, 42km south of Cobar and the 28,997ha The Meadows, 55km south west of Cobar, in New South Wales’ Western Division.

Rated to carry 10,000 DSE, it is currently running 2300 Australian White Ewes and progeny, as well as 10,000 farmed and Rangeland goats.

David Russell from Landmark Russell said the goat sales and the carbon credits, locked in place until April 2025, are generating in excess of $1 million annually.

The country on Bulgoo is generally flat to slight undulating to Mount Windock Range and includes flood-out box flats.

Quick responding sandy loam grows a large variety of natural herbages and grasses, scattered blue box and natural salt bush.

The 49,811ha holding is watered by 40 earth dams (half of which are securely fenced), five bores, seasonal waterholes and the Buckanaroon Creek that runs through the property from east to west for around 20km.

A large arid zone research nursery created on the farm by vendor Peter Yench grows a variety of salt bush, blue bush, yanga bush, and old man salt bush, along with kurrajong trees – all of which are ready to plant.

Bulgoo is being offered on a walk-in walk-out basis, including 10,000 Rangeland goats and farming and station plant. Expressions of interest close on May 12.

Cobar’s diversified grazing and farming aggregation Bulgoo, boasting a large carbon project, is expected to make between $15 million and $16 million.

Meantime, close to 100 years of single-family ownership is coming to an end for the Browns who have decided to offload Nardoo Station, in New South Wales’ far north west, to enable retirement.

Spanning 38,868ha, Nardoo is situated 30km north of Wanaaring, and presently carrying a good body of feed. It is rated at 7000 DSE.

Over the past 25 years, Nardoo has been run as a cattle operation, historically handling 650 breeding cows.

The gently undulating red loam semi open grazing country is watered by 15 earth dams and three bores.

The heavily-grassed, quick-responding soft herbage grazing country is timbered with corkwood, beefwood, scattered kurrajong, box swamps and good stands of mulga.

Nardoo Station will be auctioned bare by Landmark Russell on April 21.

Spanning 38,868ha, Nardoo is situated 30km north of Wanaaring, and presently carrying a good body of feed. It is rated at 7000 DSE.

Victorian Wagyu operation re-listed

Victoria’s Moyhu Wagyu Aggregation, carrying a renowned and registered Fullblood Wagyu stud herd, has been relisted for sale with a $12 million price tag.

The enterprise is situated in productive, high rainfall country at Meadow Creek at the foothills of the Victorian Alps, near the King Valley – renowned for its fine wines and foods.

The aggregation spans 847ha and consists of four properties – Leatarn, Hancocks, Bartons and Sampsons, all of which are located within a 10km radius.

The cattle run on a mix of improved pastures based on ryegrass, phalaris and clover with some native grass pastures.

The high performing agribusiness has been established over the last 25 years by Emeritus Professor Bob Officer.

The walk-in walk-out sale includes plant and equipment, as well as a Wagyu and complementary Wagyu Angus herd of around 1300 cattle – comprising 600 Fullblood Wagyu breeders, another 600 head including weaners, heifers, and bulls and 100 Angus cows used for first cross weaner production.

Michael Everard from Elders said Moyhu Wagyu will appeal to a corporate or high net worth purchaser especially at this time of high returns from cattle and a market that sees auction listings offering only limited numbers of livestock.

Victoria’s Moyhu Wagyu Aggregation, carrying a renowned and registered Fullblood Wagyu stud herd, has been relisted for sale with a $12 million price tag.

Well grassed Mount Abundance property

Well-grassed, open heavy carrying capacity country is being offered for sale in southern Queensland by the Mitchell family after 90 years of ownership.

The 3483ha fully exclusion-fenced Lorne is situated 11km from Muckadilla and 38km from Roma, in the tightly held Mount Abundance district.

Described as a backgrounding operation or depot, the country consists of open black soil downs, box, sandalwood, belah and some brigalow, bottletree and whitewood country.

Grasses are mostly Mitchell, with areas of buffel and annual grasses, such as Flinders and button grass.

The mix of land types offers a diverse scope for livestock or mixed farming, with the security of a permanent bore water supply.

Lorne is watered by two bores, eight dams and seasonal waterholes in the Muckadilla and Emu Creeks.

A large area of the property is suitable for cultivation. In the past, around 400ha were grown to fodder and grain crops, however only 35ha are currently being farmed.

Ben Forrest from the Resolute Property Group said it was early days, but there had been good local, regional and interstate interest for Lorne which will be auctioned on April 16.

Southern QLD’s Murilla South returns to the market

After 85 years of single-family ownership, Donald McIntosh is set to retire and is offering his prime grazing and cropping country in southern Queensland.

The 5394ha Murilla South is situated 25km north of Glenmorgan and 40km south of Surat.

The country features a good balance of heavy, pliable black soils to lighter soft loamy soil that responds quickly to rain.

In fact, Murilla South is watered by 14 dams that have never been dry in Mr McIntosh’s ownership.

There are 22km of exclusion fence with most of fences renewed or replaced in the last eight to 10 years.

Cameron Elmes from Elmes Rural has known the family for 34 years, witnessing firsthand the continual pasture improvement and increased cultivation capacity.

“The country is lightly stocked and recovering well following rain. Depending on the area to cultivation, the family would normally run up to 1000 backgrounders,” he said.

Murilla South is being sold bare of livestock, plant and machinery.

Carbon potential on Cunnamulla’s Carellan

After 33 years, south west Queensland’s Carellan has been listed for sale for $1.986 million ($123/ha bare of livestock).

Located 125km east of Cunnamulla and 225km west of St George, the 16,071ha block has been used to run 600 cows for cattle breeding or 7000 ewes for sheep and wool production.

Carellan may also offer an opportunity with carbon abatement projects.

Pasture grasses include mulga Mitchell, mulga oats, wiregrass, panics and spinifex with various herbages in season and on lake beds. Soft mulga scrub offers drought management mitigation.

A feature is seasonal lakebeds which cover around 645ha of property.

Water supply is sourced from a single flowing bore that supplies tanks, troughs and stock dams. Around 6km of poly pipe is available to complete a full upgrade to the water supply system.

Vendors Peter and Belinda Vagg have commenced 20km of an exclusion fence program and are making available all the material to complete the remaining 38km.

The sale of Carellan is being handled by Phillip Kelly from Colliers Agribusiness.

Located 125km east of Cunnamulla and 225km west of St George, the 16,071ha block has been used to run 600 cows for cattle breeding or 7000 ewes for sheep and wool production.

Two mixed farming opportunities on border country

Moree Real Estate has listed two grazing and cropping holdings on the New South Wales and Queensland border, close to Moree and Goondiwindi.

The 4925ha Kelvington, 40km north east of Mungindi, features mainly level, black and brown self-mulching clay soils, with some higher red ridges.

Around 66 percent of the property is arable, with 3281ha of dryland cropping and 1643ha of grazing and support land.

Kelvington fronts the Barwon and Boomi Rivers, as well as Boomgera Creek. It is also watered by the Boomi West bore scheme, eight tanks and six dams.

It is being offered for sale with the price on application from MRE’s Terry Adams.

The 1420ha South Glenwood, 23km west of Mungindi, comprises mainly red and around 20pc black soils with some red ridges.

Fronting the Moonie River and is watered by six dams, South Glenwood will be auctioned by Moree Real Estate on March 29.

The 1420ha South Glenwood, 23km west of Mungindi, comprises mainly red and around 20pc black soils with some red ridges.

 

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