THIS week’s property review includes this a wrap-up of interesting recent listings across the country, and a separate article of recently completed sales of note.
- Fodder opportunity in Central Australia
- Neighbouring Yass properties offer scale
- $5m+ for Riverina high rainfall grazing
- High demand for Southern Tablelands getaway
- Tightly held Western Downs block heads to auction
- New England powerhouse should achieve $4.5m+
Fodder opportunity in Central Australia
Central Australia’s highly versatile fodder operation Territory Grape Farm has returned to the market with a $7 million price tag.
Located in the Ti Tree region, 185km north of Alice Springs, the area is considered one of the most controlled growing environments in Australia.
With plenty of sunshine and warmth the growing seasons are longer and growing time is shorter. With controlled watering, minimal weed and pest control is required and biosecurity is optimum.
The 2144ha freehold Territory Grape Farm is a productive property boasting a 2000 megalitre ground water extraction licence with 60ha under two pivots.
In May last year, Ray Chisolm offered the asset for sale by expressions of interest together with the nearby 1047ha Oolloo Farm.
In June, the Caason Group paid $6.1m for Oolloo Farm featuring a ground water extraction licence of 1000 megalitres and 154ha under six newly installed pivots.
Fodder production has been underway on the Territory Grape Farm for around five years, producing about 15,000 tonnes of a fodder a year. It has established a strong weaner feeding market supplying Northern Territory pastoral properties extending south of Alice Springs and north to the Katherine region.
Olivia Thompson from Nutrien Harcourts said the soil types and the available irrigation water provided an endless range of agricultural or horticultural pursuits, which buyers may wish to undertake as further production.
Neighbouring Yass properties offer scale
Neighbouring Yass properties Warrawee and Oakdale are attracting solid interest from producers seeking greater scale.
The 795ha Warrawee and 527ha Oakdale are located 11km from Bowning and 83km from Canberra in the renowned Southern Tablelands of New South Wales.
Warrawee, purchased in 2015 by John and Catherine Braddock, is described as a quality high-rainfall grazing property running around 8000DSE.
In the past, Warrawee has operated as a sheep breeding and finishing enterprise, however it is currently conservatively stocked with 350 cows and followers.
It is watered by a double frontage to the permanent Dunderalligo and Dwyers Creeks, together with 21 dams.
The adjoining 527ha Oakdale has a long history of cattle and sheep breeding.
Owner Will Kelly added Oakdale to his neighbouring property Emu Flat and is now selling part of the original block as he repositions his portfolio.
Featuring productive rolling hills rising from the Dunderalligo Creek, Oakdale conservatively carries 3850DSE. There is an opportunity to boost the stocking rate with increased fertiliser application.
Oakdale is watered by double frontage to the permanent Dunderalligo and Dwyers Creeks, along with numerous seasonal spring-fed gullies and 19 dams.
Col Medway from LAWD said the complementary properties are at different price points.
“The price guide for Warrawee is offers over $9 million, while Oakdale is anticipated to make in excess of $5 million. Together, the properties are attracting another segment of the market that separately neither would appeal to.”
“We are running separate campaigns with the same closing date giving potential purchasers seeking scale the chance to participate in both transactions,” he explained.
Warrawee and Oakdale are being offered for sale by expression of interest closing on October 21.
$5m+ for Riverina high rainfall grazing
More than $5 million is anticipated for Rob and Rachel Bullock’s high rainfall grazing property in the renowned Eastern Riverina of New South Wales.
Conveniently located midway between Sydney and Melbourne, 5km from Tarcutta and 53km from Wagga Wagga, Bungaree is generating good interest from producers in northern Victoria, as well as locals.
The 597ha livestock breeding platform offers a productive balance of land classes and secure water resources supported by reliable climate.
The country rises from Keajura Creek flats to undulating grazing land supporting 4650DSE.
Bungaree is watered by dams, a domestic bore/well and boasts 1.5km single frontage and 700m double frontage to the Keajura Creek.
Fit for purpose operational improvements include an equipped three stand wool shed, sheep yards, cattle yards, outpost sheep and cattle yards, machinery/hay sheds, silos and a chemical storage shed.
The Bullocks are selling to retire to their 200ha block closer to Wagga Wagga.
Bungaree is being offered for sale by expression of interest by LAWD (Land, Agribusiness, Water & Development) closing on October 14.
High demand for Southern Tablelands getaway
A high rainfall grazing property on the renowned Southern Tablelands of New South Wales is attracting unprecedented interest, particularly from city-based investors seeking a lockdown escape.
Col Medway from LAWD said he has been inundated with phone calls and has sent more than 250 information memorandums to interested parties.
Located at Binda, 44km from Crookwell and 243km from Sydney, the 491ha Blue Hills is a livestock breeding platform suitable for sheep and cattle.
The undulating to hilly grazing country features productive perennial grass and clover pastures that can conservatively carry 200 cows in a weaner production system, with the opportunity to fatten wethers.
Boasting a 1.4km frontage to the Crookwell River, Blue Hills is also watered by two creeks and dams with extensive catchments.
Blue Hills is being offered for sale by expression of interest closing on October 14. It is expected to make more than $3.5 million.
Tightly held Western Downs block heads to auction
Highly regarded and tightly-held grazing and farming country in Queensland’s Western Downs region will be auctioned bare of stock and plant on October 13.
Located 75km west of Condamine, 80km from Roma and 125km west of Dalby, Condamine’s Number Four is ideally located to saleyards, feedlots and grain depots.
The 1518ha holding is suitable for cattle backgrounding or fattening, or grain growing. Currently, the vendor Andrew Bassingthwaighte from Wallumbilla has 982ha under cultivation (sown to oats and sorghum) with the balance being established to buffel grass.
The country consists of developed brigalow, belah scrub country and a centrally located artesian bore services the property through tanks and troughs.
Peter Dowling from Dowling Livestock & Property said there had been good interest mainly from locals seeking expansion.
New England powerhouse should achieve +$4.5m
More than $4.5 million is anticipated for the productive New England beef and sheep holding Stockton.
Held by the Piddington family from Armidale for the past 15 years, the 735ha property is located on the Waterfall Way, 20 minutes east of Armidale.
The eastern fall grazing property features an average 850mm rainfall, fertile New England trap soils across an undulating landscape, with scattered mature trees.
Around 60 percent of Stockton is arable and can carry around 350 cows and calves, although this number could be lifted by improving the pastures.
Stockton is watered by 27 dams, springs and waterways, as well as a 17,500gal rainwater storage.
The cattle and sheep infrastructure are a feature. Stockton has a set of steel cattle yards, two sets of sheep yards and a five-stand woolshed with the weather shed holding 1000 head.
The property is being offered for sale by Daniel McCulloch from McCulloch Agencies and Tom Piddington from Armitage & Buckley.
It will be auctioned bare on October 13.