Property

Movement at the Station: Recent property listings

Property editor Linda Rowley, 08/09/2021

Woonoona in the tightly held Upper Murray region of New South Wales could achieve between $10 million and $13 million, connections suggest.

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.

  • Productivity in NSW’s Upper Murray
  • Abundant feed on FNQ’s Kutchera
  • Northern NSW breeder factory
  • The Peaks to test the market
  • South west QLD background and finishing
  • SA’s Wallerberdina boasts exceptional water
  • Well located Hinton offers diversity
  • Sunshine Coast hinterland grazing

Productivity in NSW’s Upper Murray

Woonoona in the tightly held Upper Murray region of New South Wales could achieve between $10 million and $13 million, connections suggest.

Located between Tumbarumba and Corryong on the New South Wales/Victorian border, the 375ha holding, pictured above, comprises three contiguous landholdings – 109ha Woonoona Homestead, 110ha Woonona and 156ha Delta.

Operating as a beef cattle breeding and fattening enterprise for the past 20 years, Woonoona is conservatively carrying 400 cows and progeny, but is estimated to have the capacity to carry more than 500.

It is also well suited to dryland irrigated cropping, hay/fodder production, sheep and prime lamb production.

Sam Triggs from Inglis Rural Property said Woonoona was one of the most productive and best developed properties in the Upper Murray.

“Farming land in the Upper Murray is hotly contested in the current market, with land values now reaching between $27,000/ha and $35,000/ha,” he said.

Boasting undulating slopes and a picturesque landscape on the banks of the Murray River, Woonoona offers fertile and versatile land and soil types. Around 90 percent is arable and sown to high performance perennials.

Featuring 1.25km of Murray River frontage and water access licences totalling 125ML, Woonoona is also watered by a reticulated trough/tank system, a permanent creek and a network of surface dams.

The property is being offered by Sam Triggs and Richie Inglis from Inglis Rural Property in conjunction with Albury-based Henry Mackinnon from Elders.

It is being offered for sale in one line or as separate assets via online auction on October 12.

Abundant feed on FNQ’s Kutchera

There has been tremendous interest in the Far North Queensland safe calf breeding station Kutchera, boasting abundant grass and water.

Spanning 81,000ha in the Savannah Gulf region, Kutchera is located between the Ethridge and Gilbert Rivers, 90km west northwest of Georgetown and 500km west of Cairns.

The reliable, safe breeder country is owned by Jim and Jean Haynes from Keswick at Julia Creek, who are selling after 20 years to enable succession planning.

Matthew Kennedy from Kennedy Rural said the vendors are seeking offers above $12 million on a walk-in, walk-out basis.

“Kutchera is a low-cost operation set up for easy management. It is boasting an enormous body of grass – stretching from one end of the station to the other,” he said.

Mr Kennedy said inquiry was coming from north west and central Queensland and from New South Wales – all seeking an expansion to current operations.

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 also boasts 5247ha of creek frontage, with five systems running through the property providing abundant seasonal water.

The country is flat to undulating, comprising 30,745ha of sandy forest, 36,589ha of sand ridges and 8419ha of lancewood.

Kutchera can run between 4600 and 7000 head of mixed cattle. The sale will include more than 4500 cattle including 3050 breeders.

Kutchera will be auctioned on October 8.

Spanning 81,000ha in the Savannah Gulf region, Kutchera is located between the Ethridge and Gilbert Rivers, 90km west northwest of Georgetown and 500km west of Cairns.

Northern NSW breeder factory

The Haggarty family’s large cattle breeder factory on New South Wales’ Northern Tablelands is expected to make between $12 million and $15 million bare.

Kintyre is situated 60km east of Glen Innes and features 20km of frontage to the Mann (13km) and Henry (7km) Rivers.

The 4860ha holding occupies the ‘bowl’ of the cleared valley floor and conservatively carries 800 cows, although it has the scope to run more than 1000 breeders.

The country features fertile loamy soils, creek flats, undulating to some steep timbered slopes.

Over recent years, the Haggartys have installed more than 37km of new boundary and internal fencing.

Jim Ritchie from Nutrien Harcourts said prices for New England properties currently ranged from $12,000 to $15,000 per cow area.

“The property’s excellent water, rainfall, fertiliser history, management and scale are enticing buyer interest from New South Wales, Queensland and even Tasmania,” he said.

In April this year, Mr Ritchie sold the 11,878ha renowned Kingsgate Station for close to $12 million.

Kintyre is being sold to wind up a family partnership after six years. It will be offered via online auction on October 14.

Kintyre is situated 60km east of Glen Innes and features 20km of frontage to the Mann and Henry Rivers.

The Peaks to test the market

Central Queensland’s The Peaks will test the market when it is auctioned on October 6.

The 2680ha reliable coastal breeder property is located near St Lawrence, 115km from Sarina and 150km from Mackay.

Carmen Pringle and Gary Bourne purchased The Peaks 10 years ago and converted it from a tree farm to a highly productive grazing operation. They are selling to downsize.

The Peaks consistently carries 450 cows plus progeny and will be offered with 300 cows, 100 calves at foot and seven Brahman bulls.

Kent Street from Ray White Rural said The Peaks lent itself to a great stud operation.

“The property is well-improved, well-fenced and easy to manage. It has the ability to cut hay or grow some crops, and further fencing and rotational grazing would further enhance its carrying capacity.”

Mr Kent was unable to provide a price guide, explaining there was a shortage of mid-range priced properties in the region.

“There is an abundance of grass and I would expect good interest especially from Central Queensland producers seeking a development opportunity.”

The Peaks has about 1000ha of cleared coastal country that consist of extensive flats running into gently undulating cleared valleys, all of which are heavily grassed. There is a further 400ha of grazed iron bark ridge country, with the balance timbered ranges.

The property is watered by two bores, 14 dams and permanent holes in the Freshwater Creek. It also holds a 25ha irrigation licence.

South west QLD background and finishing

Geoff and Sharmaine Hurford are selling their diverse Western Downs property Kenmure in southern Queensland.

The 922ha property was purchased by the couple in 2006 to provide backgrounding and finishing opportunities for their St George breeder block Belgaum.

Situated 5km west of Tara and 90km to Dalby, Kenmure is being offered as a fattening or a farming opportunity to potential purchasers.

Currently, the vendors have around 460ha under cultivation with the balance improved pastures, trefoil and bluegrass running 490 steers plus weaners and young cows.

Growing both summer and winter forage crops as the seasons permitted, has allowed the Hurfords to capitalise on markets, consistently turning off heavy cattle to processors and feedlots.

There are five large dams and a permanent waterhole in Undulla Creek which is pumped to several troughs. The extended dry of 2019 allowed the owners to desilt the dams to reinforce water security.

Brock Simpkins from Nutrien Harcourts is handling the sale of Kenmure which will be auctioned on October 21.

Kenmure is being offered as a fattening or a farming opportunity to potential purchasers.

SA’s Wallerberdina boasts exceptional water

Between $3.5 million and $4 million is anticipated for South Australia’s Wallerberdina Station which will be auctioned on September 15.

The pastoral lease has been owned for the past six years by Grant Chapman, a former South Australian Senator and Liberal Party president, and Philip Speakman, who founded an Adelaide executive human resources consultancy.

The 23,580ha property is 40km north west of Hawker in the Flinders Ranges.

The country is generally flat with good shelter disbursed with sandy rises that respond well to rain. There is an abundance of bush and native grasses that can support 6000 dry sheep equivalents or around 400 cattle.

Tim Taplin from Elders Port Augusta said water was a feature on Wallerberdina.

“A magnificent quality and quantity of water is supplied from a natural underground spring that forms part of Hookina Creek supplying 12 watering points,” he said.

There is also potential for wind, solar and hydro power.

Mr Taplin said there had been plenty of inquiry and inspections.

“Wallerberdina is well located and features mains power, which is unusual for this part of South Australia. Some of the strongest interest is coming from southern grain farmers hoping to bring back young livestock to graze on the stubble.”

Between $3.5 million and $4 million is anticipated for South Australia’s Wallerberdina Station which will be auctioned on September 15.

Well located Hinton offers diversity

Winten & Co is offering a destocked southern Queensland block that is able to generate a number of income streams including cattle, hay production and intensive farming.

The 270ha Hinton is located 22km north of Crows Nest and under one hour drive from Toowoomba.

The country comprises a mix of apple gum scrub soils with improved pastures running into lighter ridge country combined with soft creek flats.

It is watered by two bores, three dams and a permanent waterhole in the Bum Bum Creek.

Selling agent Broc Winten said an adjoining 415ha scrub block of undeveloped country could be acquired as an additional area, which would complement the Hinton holding.

Hinton is being offered on a walk-in walk-out basis with plant and equipment. Expressions of interest close on September 30.

The 270ha Hinton is located 22km north of Crows Nest and under one hour drive from Toowoomba.

Sunshine Coast hinterland grazing

A showcase Sunshine Coast hinterland property with highly productive grazing pastures is attracting strong interest from locals, Queensland producers looking to downsize and those looking for a lifestyle property.

Offered for sale by Bambling Property, the 156ha Wilson’s Pocket holding is situated 20 minutes east of Gympie and 30 minutes from Noosa Heads.

Highly productive and fertile, the country features red volcanic soils on the higher ground, through to rich black soils running down to soft loamy alluvial creek flats.

Open undulating pastures are capable of carrying up to 260 head of cattle.

The property boasts abundant water including seven dams which are gravity feed to numerous troughs, a long frontage to Coles Creek and two water licences.

In addition, a spacious and modern double storey five-bedroom 3.5-bathroom home captures 180-degree views of the surrounding green rolling hills.

Selling agent John Bambling said the property offered quality on all levels including productive pastures, improvements and unlimited water, combined with a prime location close to the coast.

The picturesque property is being offered for sale by tender closing on October 8.

The 156ha Wilson’s Pocket holding is situated 20 minutes east of Gympie and 30 minutes from Noosa Heads.

 

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