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.
- Western QLD producers chase grass on Sandalwood
- Strong enquiry for Central QLD’s Berrigurra
- Abundant feed in picturesque northern NSW
- Block overlooking Brisbane’s main water source
- Diversity on offer at St George
- Scenic grazing in QLD’s south east
- Adjoining Tumut breeding blocks offered separately
- Mungindi country returns to the market
Western QLD producers chase grass on Sandalwood
Western Queensland producers chasing grass are showing strong interest in Hughenden’s Sandalwood Station.
Located near Stamford, 90km south of Hughenden, the 16,060ha holding has been destocked since mid-December in preparation for sale. The incoming purchaser has the added benefit of 1100ha of usable stock route.
Over Easter, the breeding, backgrounding and finishing property received a late-season break which has resulted in a stand of fresh pasture that continues to strengthen in volume.
The historical carrying capacity of Sandalwood is 2100 adult equivalents. Up until the recent seasonal break, the vendor was conservatively running 1100AE.
Water is sourced from three bores, 20 tanks and 48 troughs with the Rockwood, Ashantee and Sandalwood Creeks providing numerous seasonal and semi-permanent waterholes.
The owners, who are consolidating their operations into one geographic area, have undertaken an extensive capital works program including more than 120km of new fencing and recently refurbishing a further 10km.
David Woodhouse from Nutrien Harcourts said inquiry was coming from those in remaining drier parts of Western Queensland, and from producers in the forest country further north, seeking additional finishing country to complement existing breeder operations.
Sandalwood will be auctioned bare of stock and plant on May 27.
Based on recent similar sales in the region, the property is likely to make between $6.5m and $8m, or $400/ha to $500/ha.
Strong inquiry for Central QLD’s Berrigurra
Corporates and well-established grazing, farming and horticultural families from the Northern Territory and North Queensland are making inquiries about Central Queensland’s Berrigurra Station.
Virgil Kenny from Elders said many people had had an association with Berrigurra in one way or another, having been a research facility for many years.
“It boasts scale, spanning 9285 hectares, is centrally located 20km north west of Blackwater, with 3km of MacKenzie River frontage,” he said.
Water is certainly a feature. There are 32 dams and a three phase electric submersible pump situated in the permanent MacKenzie River delivering water to pipelines which service tanks and turkey nests.
While Berrigurra has been run as a cattle breeding, fattening and finishing enterprise, it could easily be diversified into mixed grains, cereals and horticulture.
Mr Kenny said there were areas on the property that lend themselves to open grazing or growing a wide variety of crops.
The MacKenzie River frontage country features ponded pasture, established improved pastures and undulating brigalow, bottletree, associated softwood scrub.
Berrigurra Station will be auctioned on May 19.
Abundant feed in picturesque northern NSW
The picturesque northern New South Wales grazing properties Glencolvin and Bonadea are offering a huge body of feed after being destocked for the past year.
The 2128 hectares feature a productive blend of well-grassed grazing tops and sheltered hills and are located near Liston in the Tenterfield Shire – a region renowned for its ability to breed and fatten livestock due to its quality soils and reliable rainfall.
Water is provided by a number of spring-fed and catchment dams and a running creek which dissects the property.
Bruce Douglas from Ray White Rural said the property’s position allowed for easy access to Tenterfield, Stanthorpe and Warwick, as well as New South Wales and Queensland cattle markets.
“Its proximity to Brisbane provides much of its appeal. The opportunity to purchase a grazing property of this scale in a two hour and 20-minute radius of Brisbane is rare, to say the least.”
While the property has earned a reputation for producing top quality weaners over a number of decades, Mr Douglas said an upside exists to boost productivity through further improvements.
“Internal fencing and some sections of boundary fencing is in need of repair allowing for consideration to reconfigure the paddock structure to better use watering points and implement alternate grazing strategies,” he said.
Glencolvin and Bonadea will be auctioned on April 30.
Block overlooking Brisbane’s main water source
Meantime, a 569ha block overlooking Lake Wivenhoe Dam in Queensland’s south east will be auctioned by Ray White Rural on May 7.
Yarrimbah is located at Dundas, 20 minutes from Fernvale and one hour from Brisbane.
The property adjoins two leasehold blocks – 32.5ha of Lake Wivenhoe frontage and 34.2ha of Northbrook Creek frontage – rented until 2052.
In the future, the incoming purchaser could also tender for the neighbouring 313ha SEQ water pastoral leasehold lakefront parcels.
Situated in an 850mm rainfall district, Yarrimbah is watered by six dams with the Northbrook Creek running through the property into Wivenhoe Dam.
The improved pastures run 150 breeder cattle plus young cattle.
Diversity on offer at St George
Southern Queensland’s versatile Glenmuir offers cattle breeding, fat lamb production, wool growing and/or goats.
The low-cost, safe and productive property is located 108km north west of St George and 153km south of Mitchell.
The 11,330 hectares are well improved to pasture with substantial areas of low mulga.
McGrath’s David Benham said the property could be run as a breeder block in an established portfolio or as a stand-alone enterprise. It is currently running 1000 breeders.
Glenmuir has eight large dams, semi-permanent waterholes in the Neabul Creek and share an artesian bore that is capped and reticulated via 27km of poly pipe to 10 tanks and 26 troughs.
Fencing is a feature. Glenmuir is fully exclusion fenced and is part of the Neabul Creek Cluster exclusion group (with four other properties).
Expressions of interest close on May 3.
Scenic grazing in QLD’s south east
South east Queensland’s scenic and fully operational Mount Manning grazing aggregation is being offered for sale by expressions of interest.
Located at Pratten, 25km north of Warwick and 136km south west of Brisbane, the aggregation comprises the 426ha Mount Manning and the 362ha Mullins Block.
Around 100ha is arable black and brown alluvial soils. The balance is undulating and lightly timbered grazing country, with some harder ridges on the rising soil types.
Simon Cudmore from LAWD said Mount Manning boasts a balance of soils that has achieved tremendous results as a Santa Gertrudis cattle stud aggregation coupled with grain growing.
“Historical irrigation on the river flats has delivered outstanding production from the results of both cropping and pasture endeavours, with further development opportunities available,” he said.
Water is secured by 4km of double frontage to the Condamine River, numerous dams and a reticulated bore feeding to tanks and troughs.
The aggregation also features 230 megalitres of water entitlements.
Mount Manning is being offered for sale via an EOI campaign in one line or as separate assets closing May 20.
Adjoining Tumut breeding blocks offered separately
Two adjoining properties in New South Wales’ South West Slopes will be auctioned separately on May 21.
The 687ha Nimbo and the 289ha Cockatoo are 15 minutes from Tumut or 20 minutes from Gundagai, in a highly sought-after and tightly-held location.
Both offer productive undulating to hilly grazing country for breeding and finishing cattle or prime lambs, with fertile alluvial river and creek soils suitable for fodder cropping.
With 5.5km of Tumut River and 1km of Nimbo Creek frontages, water is provided by 24 dams. An 89ML Tumut River irrigation licence is included in the sale.
As stand-alone properties Nimbo could run 230 cows and calves and replacement heifers and Cockatoo could carry 90.
With the introduction of improved pastures and the continuation of the fertiliser program, the carrying capacity on Cockatoo has the potential to be increased.
Webster Nolan Real Estate and Elders Tumut are handling the sale of both properties.
Mungindi country returns to the market
Mungindi’s South Glenwood has failed to sell during an online auction and has returned to the market with an indicative price guide of $1.3 million.
The 1420ha holding is located in a 550mm rainfall district, 23km west of Mungindi, with good access to Moree in northern New South Wales and Goondiwindi, in southern Queensland.
The grazing and cropping country comprises mainly red soils and around 20 percent black soils with some red ridges.
Fronting the Moonie River and watered by six dams, some of the farmed country that was planted in 2016 has naturally returned to buffel and regrowth.
Paul Kelly from Moree Real Estate is handling the marketing and the sale.