Property

Movement at the Station: Properties for sale, passed in or withdrawn

Property editor Linda Rowley, June 12, 2019

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.

  • Gulf cattle country listed for $10m
  • Well known sheep breeders downsize
  • Flamin’ good feed in southern Qld
  • NSW cattle operation listed for $10m after falling short at auction
  • Negotiations for Winton breeding country
  • Marmboo withdrawn from sale

The safe calf breeding property Kutchera in Far North Queensland has been listed walk-in, walk-out for $10m.

Gulf cattle country listed for $10m

The safe calf breeding property Kutchera in Far North Queensland has been listed with a walk-in, walk-out sale price of $10 million.

Spanning 81,000ha in the Savannah Gulf region, Kutchera is located between the Ethridge and Gilbert Rivers, 95km west north west of Georgetown.

With an average annual rainfall of 800mm, Kutchera has abundant stock watering points, 30 dams ranging in size from 5000 to 15,000 cubic metres, 17 bores and five permanent lagoons.

It boasts 5247ha of creek frontage, with the Dismal, Schneider, Jam Tin, Waterloo and Silky Oak systems running through the property providing abundant seasonal water.

The country is flat to undulating comprising 30,700ha of sandy forest, 36,600ha of sand ridges and 8400ha of lancewood.

Kutchera can carry up to 7000 head of mixed cattle. The WIWO sale includes more than 4000 cattle including 2500 breeders.

Jim and Jean Haynes have owned Kutchera for 18 years and are selling up as part of succession planning. They will retain Keswick at Julia Creek.

Selling agent Matthew Kennedy from Kennedy Rural said there has already been good interest.

“Kutchera will appeal to anyone looking for grass. The property is currently understocked and there’s a good body of feed. It will also suit anyone looking for reliable, safe breeder country, or country to expand their current herd.”

 

Located 40km north-west of Brewarrina and 100km from Bourke, Mundiwa and Twin Rivers feature an even balance of high-quality soil types

Well known sheep breeders downsize

Coddington Uardry principals Graham and Susan Coddington are off-loading their two large scale pastoral holdings in New South Wales’ north west.

The pair purchased Mundiwa and Twin Rivers three years ago but have now decided to scale back their operations.

The contiguous landholdings span 14,827ha, supporting a 4000 head sheep breeding/finishing enterprise and opportunistic beef trading and agistment.

Located 40km north-west of Brewarrina and 100km from Bourke, Mundiwa and Twin Rivers feature an even balance of high-quality soil types comprising self-mulching clays rising through grey clay floodplains to red loam rises.

There is 323ha of cultivation, with scope to increase the arable area subject to approval.

Mundiwa and Twin Rivers have a 30km Culgoa River frontage and a 26km Birrie River frontage.

They also boast a well-developed reticulated water system backed by 15 earth tanks, a 126 megalitre water entitlement and an 18 megalitre stock and domestic licence.

Col Medway from CBRE said the properties were located in a tightly held region of the western plains.

“The country is boasting a large body of feed leading into winter, after Easter rain and another 30mm of follow up. The rivers are also flowing and the dams are full,” he said.

Mundiwa and Twin Rivers would equally suit sheep or cattle breeders and are expected to make around $5.5m.

They will be auctioned as a whole on July 11 by CBRE Agribusiness and Schute Bell Badgery Lumby.

 

Located at Talwood, 90 minutes west of Goondiwindi, Cheriton is a mixed farming, beef breeding or backgrounding and wool and/or lamb producing enterprise.

Flamin’ good feed in southern Qld

The grass may be browning off, but Mal Gollan who is marketing the 3997ha Goondiwindi property Cheriton said there’s still plenty of “flamin’ good feed.”

Located at Talwood, 90 minutes west of Goondiwindi, Cheriton is a mixed farming, beef breeding or backgrounding and wool and/or lamb producing enterprise.

Mr Gollan from Ray White Rural said there has been good interest from both sides of the border.

“There’s an excellent body of feed on the property. The exclusion fencing has rid the property of vermin, resulting in vigorous growth from natural and improved pastures.”

Fencing is a feature. Most of the boundary has new high exclusion fencing, with just 6km left to fully enclose the property. Internally, there is 17.5km of new sheep and cattle fencing.

Country comprises a mix of soft coolibah black to grey clays cleared for cultivation to soft red loams and clays for farming and pasture development to buffel and clovers.

It is well watered by a bore, troughs and dams.

The vendors estimate Cheriton can carry up to 5000 ewes plus 150 cows in average seasons, with some crop assistance.

After five years of ownership, Bill and Liz Holcombe are selling to consolidate and fulfil family succession plans.

Cheriton will be auctioned on June 21.

 

NSW cattle operation listed for $10m after falling short at auction

Genaren has been listed for sale by Richard Gemmell from Elders Central West for $10 million, after failing to sell at auction.

The cattle breeding and finishing enterprise located at Narromine/Peak Hill, spans 6425ha and was previously run as a Merino wool operation.

Large areas of open country and strategic development makes the property also well suited to farming.

Mostly level to gently undulating open grazing country, Genaren has scattered shade timber and a small range which runs for 728ha from north to south.

The red/brown soils and medium cracking clays with moisture storing capabilities provide prolific pasture growth year-round in season.

The property has a 6km, mostly double frontage to the semi-permanent Genaren Creek, plus several smaller creeks traverse the property.

Water is supplied by four stock and domestic bores, 58 dams and a floodplain which runs into the main dams and can provide beneficial flooding to around 162ha.

 

Tulmur, Tranby and Owens Creek, spanning 74,620 hectares, has experienced between 375mm and 560mm of rain, as well as beneficial flooding this year.

Negotiations for Winton breeding country

Tim Salter from Elders Longreach is negotiating with interested parties for Winton’s Tulmur, Tranby and Owens Creek, which were passed in at auction for $6.6 million.

Earlier this year, the 74,620ha breeding, backgrounding and fattening aggregation experienced between 375mm and 560mm of rain, as well as beneficial flooding.

Two of the three properties are neighbouring – the 54,300ha Tulmur (51km from Winton) featuring Diamantina River flood-out and channel country and the 14,100ha Tranby (80km from Winton) which features some beneficial creeks.

The lightly stocked 6220ha Owens Creek is 65km from Winton and has some paddocks available for early access.

Together, the three properties can carry 3000 breeders plus followers.

After single family ownership since 1918, Sandra McGavin and her brother Allan Walker are retiring and winding up their assets.

 

Marmboo was passed in at auction and offered privately for $8.5m, before being withdrawn.

Marmboo withdrawn from sale

The tightly held Western Queensland grazing operation Marmboo, which was being chased by grass hungry producers, has been withdrawn from the market.

The 38,558ha Vergemont district property, 92km west of Longreach, was passed in at auction after widespread rain.

During the four-week marketing campaign, Peter MacPherson from Ruralco Property reported that producers from across Queensland and as far south as Griffith in NSW could see an opportunity, especially with the provision of early access. However, that urgency left once the wet weather arrived.

Marmboo was subsequently listed for $8.5 million but has now been withdrawn from the market.

It is rated to carry 18,000 DSE or cattle equivalent and was being offered with 2023ha of stock route.

The country is mainly undulating open Downs, consisting of 25,000ha of good grassed country, more than 10,000ha of slightly lighter and not as quick to respond country, and 6000ha of slightly lesser quality country.

A strong feature of Marmboo is its water security which the owners had recently upgraded. There are bores, troughs and tanks, as well as 15 dams.

 

Click here to access more properties listed for sale

 

 

HAVE YOUR SAY

Your email address will not be published. Required fields are marked *

Your comment will not appear until it has been moderated.
Contributions that contravene our Comments Policy will not be published.

Comments

Get Property news headlines emailed to you -
FREE!