Property

Movement at the Station: Recent property listings

Property editor Linda Rowley, 08/06/2022

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.

  • Quality Upper Hunter Valley portfolio
  • Two holdings in southern NSW tipped to make $20m+
  • Jundah’s Hayfield offers high quality feed
  • Ideally located Katandra on QLD’s western downs
  • Cattle depot close to Toowoomba
  • Extensive improvements in NSW’s western division
  • Drought proof country in north-west NSW
  • Two grazing blocks at Cobar
  • Cawnpore Station auction date change

The Bundaleer Portfolio is situated at Greenlands, 28km north-east of Singleton, and comprises three non-adjoining properties (within close proximity) operating as a single holding.

Quality Upper Hunter Valley portfolio

The Upper Hunter Valley’s Bundaleer Portfolio is attracting extraordinary inquiry, with more than 40 calls in its first 24 hours on the market.

Michael Burke from McGrath Upper Hunter said inquiry has easily trebled normal traffic, with most of the interest coming from regionally based cattle producers seeking expansion and city/coastal investors wanting entry into the rural property market.

The Bundaleer Portfolio is situated at Greenlands, 28km north-east of Singleton, and comprises three non-adjoining properties (within close proximity) operating as a single holding.

Spanning 2016ha of high-quality beef cattle country, Bundaleer is suitable for breeding, backgrounding or fattening.

The three properties were purchased over four years between 2012 and 2016,  and developed by Sydney-based vendor Dimitri Koureas who is selling due to ill health.

As a whole, the aggregation can carry 750 to 800 breeding cattle or 10,500 to 11,200 dry sheep equivalents.

Situated in a 700mm to 800mm annual rainfall region, the country ranges from arable valley floor, creek flats to hilly grazing.

Boasting four creek frontages, several creeks and watercourses, Bundaleer is underpinned by more than 100 dams – many of which are spring-fed and have been renovated. The holdings comprise:

  • 814ha Bundaleer East – low-cost reliable grazing running 280 cows and calves plus replacement heifers. New steel cattle yards, 18km new fencing, dwelling entitlement, creek frontage and 31 dams. Estimated to sell for between $5m and $5.25m.
  • 761ha Bundaleer – productive loam and basalt grazing country carrying 330 cows and calves and replacement heifers. Two near new cattle yards, ample shedding, equine infrastructure, 20km of new fencing, two creek frontages and 31 dams. Estimated to sell for more than $9m.
  • 438ha Bundaleer South – suitable for fodder cropping and carrying 180 cows and calves and 35 replacement heifers. Cattleyards, shed, creek frontage and 42 dams. Estimated to sell for between $3.25m and $3.5m. This portion is currently under offer and due to exchange in the next week.

The Bundaleer Porfolio is being offered for sale by private treaty.

Two holdings in southern NSW tipped to make $20m+

Bill and Pip Ryan from Hay are offering two quality holdings for sale in the highly regarded south-west slopes region of New South Wales that could make upwards of $20 million.

Tooracoll and Woolaway

The combined, contiguous 955 hectares, comprising Tooracoll (653ha) and Woolaway (302ha), are located 20km from Jugiong and 150km from Canberra and are estimated to sell for between $10.5 million and $11.5 million.

The livestock breeding platform is suitable for wool, prime lambs and beef production and is currently carrying 3500 ewes plus followers or 9000 dry sheep equivalents.

Tooracoll has a 3km Murrumbidgee River frontage and Woolaway has an 835m frontage. Together, they are watered by numerous dams underpinned by a reticulated water system supplied by solar and electric pumps.

In December 2019, the nearby Bundarbo Station, owned by the late media executive Sam Chisholm and his wife Sue, was purchased by BridgeLane Group investment company boss Markus Kahlbetzer for upwards of $20 million.

Sam Triggs from Inglis Rural Property who has been appointed to sell the commercial scale properties believes Tooracoll and Woolaway will attract investors from Sydney and Canberra and larger farm families seeking breeder country.

Wyrung-Attunga

The 904ha Wyrung-Attunga is a productive mixed-farming operation, 8km from Tarcutta and 54km from Wagga Wagga, anticipated to sell for between $8 million and $9 million.

Located in a temperate climate with an average annual rainfall of between 720mm to 750mm, the country is a good balance of fertile creek flats rising to open sheltered valleys and timbered ridges.

Boasting a strong fertiliser history and management program, Wyrung-Attunga is currently running 3500 ewes and followers as well as cattle.

It features Dellateroy Creek frontage, 31 dams and a 30ML ground water licence and a bore.

Mr Triggs said Wyrung-Attunga is likely to sell as a stand-alone enterprise or to a private operator for expansion.

Tooracoll and Woolaway and Wyrung-Attunga are being offered for sale via expressions of interest closing on July 7.

Jundah’s Hayfield offers high quality feed

Jundah’s Kerri Pidgeon is offering a central western Queensland property to the market with large areas of flood-out country growing sweet fattening high quality feed.

The 31,708ha Hayfield Station, ideal for breeding or backgrounding cattle, sheep or goats, is located 38km west of Jundah and 100km north of Windorah.

Hayfield is set up for a very good winter/spring season following 100mm of rain in April and a further 45mm in May.

Tom Brodie from Brodie Agencies said inquiry was coming from locals and from south-eastern Queensland producers.

“Some are seeking more scale to run breeders, others are interested in Hayfield’s carbon potential, while another is keen to run goats,” he said.

The property has a good mix of country with more than 16,000ha of undulating stony browse country, useful to run dry cattle on.

Around 810ha of open downs country is grassed with Flinders, Mitchell and other native summer grasses, along with summer and winter herbages.

The balance is soft red mulga country interspersed with gidgee flats. The Stewart, Sheepyard and other minor flood-out creek systems are well grassed with mostly sweet native summer grasses and summer and winter herbages.

There are 11 dams, three bores and many small seasonal waterholes along the creek systems that hold water for three to four months following a run in the creeks.

Over the past two years, there has been 37km of exclusion fence built on Hayfield, with an additional 15km of exclusion fencing with neighbouring property Wuringle.

Mr Brodie said another 7000ha would be put behind an exclusion barrier with the erection of a further 13km of fencing.

The property is currently destocked, however in an average season, Hayfield could carry 600 breeders or adult equivalents.

Hayfield has the potential to be certified organic as there is no prickly acacia or parkinsonia to be treated, and will be auctioned on June 29.

Ideally located Katandra on QLD’s western downs

Gordon and Judy Gilmour are selling their improved breeding and fattening country on Queensland’s Western Downs and heading to far north Queensland where they will semi-retire.

The 1463ha Katandra is situated 18km south-west of Dulacca – an area renowned for quality soil types and production – and on the doorstep of several feedlots, livestock selling centres and grain handling facilities.

Owned by the family since 1964, Katandra features well established pastures with shade line corridors for 350 cows and calves.

The couple operated a small Poll Hereford stud, but more recently the property has been leased and is running Angus and Wagyu cattle.

The Gilmours said after recent rain, the country is looking magnificent.

“Katandra is attracting good interest from local, southern and central Queensland producers seeking expansion, from those further west looking for country closer in, and from entry level players,” Mr Gilmour said.

The brigalow, belah melonhole country has box flats along the Moraby Creek, and is boasting excellent stands of buffel, bambatsi, sabi and Queensland blue grass, with herbages in season.

It is watered by a solar equipped bore, six dams and semi-permanent waterholes along the creek.

Owen Brockhurst from Nutrien Harcourts GDL is handling the sale of Katandra which will be auctioned bare on June 30.

Owned by the family since 1964, Katandra features well established pastures with shade line corridors for 350 cows and calves.

Cattle depot close to Toowoomba

There’s been good interest from locals and southern Queensland producers in a good-sized parcel of land within a short commute to Toowoomba.

The 272ha Mountain Glen features a balance of grazing and irrigation country, 10 minutes from Oakey and 20 minutes west of Toowoomba.

For the past four years it has been held by Albury-Wodonga based Newman Pastoral Co which has purchased country elsewhere.

The renowned soft self-mulching creek flats on Mountain Glen gently rise to elevated and shaded basalt ridge country.

Michael Tomlinson and John Massey from Webster Cavanagh Rural believe the property, growing improved pastures, buffel and panic grass, is an ideal cattle depot.

“Mountain Glen has sought-after road train access and is estimated to turn off around 500 to 600 head a year,” they said.

There is around 160ha of cultivation ideal for any grain, fodder, hay or lucerne growing ventures. Currently planted to oats, the crop will be included in the sale.

Mountain Glen is watered by two equipped bores and three irrigation licences and most of the internal fencing has been renewed in the last two months.

The hill on Mountain Glen has been tested and around four million tonnes of blue metal is available, but has not yet been licenced for commercial use.

Mountain Glen will be auctioned online on June 30.

Extensive improvements in NSW’s western division

There has been tremendous interest in the New South Wales western division property Multagoona which has been extensively improved and developed by owners Simon and Laura Prince.

The 15,925ha property is located 100km north of Cobar and 145km south of Hillston.

David Russell from Nutrien Russell Property and Livestock said the current owners purchased Multagoona five years ago as a blank canvas.

“The couple has spent more than $600,000 on new infrastructure including fencing, handling yards and permanent water supply. Around 7000ha has been fenced which can trap between 1000 and 1500 rangeland goats a year,” he said.

Multagoona is currently set up as a Dorper breeding property running 2000 ewes, with 500 nannies behind wire. However, Mr Russell said there was room to expand to increased grazing, farming or self-trapping.

Mr Russell said there has been strong inquiry for the property, mostly as a bolt-on acquisition.

“Producers from New South Wales’ Riverina and further west, looking to get into the Dorper industry, are attracted by the hard work that has already been carried out on Multagoona,” he said.

The grazing country has soft red sandy loam soils heavily grassed with highly fertile, quick responding herbages. The gently undulating country rises to the picturesque Jackermaroo Range showcasing stony outcrops and secluded valleys.

In the past, Multagoona trapped and sold around 1500 rangeland goats a year.

The holding is well watered by 12 dams, seven of which are securely fenced with traps, handling yards and loading ramps. Five of the dams are new and five have been recently desilted.

The property comes with a 600ha cultivation licence – around 130ha has been previously farmed, with the remainder needing to be raked.

A property vegetation plan allows for further work to be completed, greatly increasing the carrying capacity.

Multagoona will be auctioned online on July 20 and is expected to make between $4 million and $4.5 million.

Multagoona is currently set up as a Dorper breeding property running 2000 ewes, with 500 nannies behind wire. However, there is room to expand to increased grazing, farming or self-trapping.

Drought-proof country in north-west NSW

After 20 years ownership, Darren and Clare Robson have decided to move closer to family in Victoria and sell their tightly-held property in north-western New South Wales.

Spanning 11,577ha, Green Creek is situated 76km north-west of Bourke on the Dowling Track via Ford’s Bridge. It is lightly stocked and enjoying an excellent wet autumn.

Green Creek lends itself to a backgrounding operation but is currently running Dohne sheep with some cattle. It is estimated to run 3000 dry sheep equivalents plus 80 breeding cows (season dependent).

The country is sweet and quick responding with soft red saline, copper burr, gidgee burr, salt bush and old man salt bush, nardoo, neverfail and woody butt.

Water is a feature. Boasting a 9km Warrego River frontage, the Willara and Green Creeks system disperses through the property, with 3200ha of low-level beneficial flooding currently on its way.

There are large areas of gilgai and cane grass swamp, lignum and natural lakebed areas, as well as permanent and semi-permanent holes, three dams and three sub-artesian bores.

Green Creek is a diverse property that also lends itself to eco-tourism with unique wetlands and birdlife, including brolgas, pelicans and swans.

A small carbon project yields a secondary income, with details made available to buyers who sign a non-disclosure agreement.

David Russell from Nutrien Russell Property and Livestock said inquiry was coming from Victoria, New South Wales’ central west and Riverina and South Australia.

Green Creek is anticipated to make more than $3.5 million when it is auctioned on July 13.

Green Creek has large areas of gilgai and cane grass swamp, lignum and natural lakebed areas, as well as permanent and semi-permanent holes, three dams and three sub-artesian bores.

Two grazing blocks at Cobar

Cobar properties Enmore and Hurleys are being offered to the market by 92-year-old Shirley Bereyne who has held both for more than 40 years.

The 8215ha Enmore is located 30km south of Cobar, in New South Wales’ central west, and features flat to slightly undulating red loam grazing country, timbered with box, mulga and wilga, with pine flats and large watercourses.

Historically, Enmore has been run as a Merino sheep grazing property carrying 3000 mixed sheep and trapping and selling around 1000 bush goats per annum.

It is watered by six dams, all securely fenced with goat handling yards.

The 2814ha Hurleys is run in conjunction with Enmore and is watered by one dam.

Situated 46km south of Cobar, it can carry 600 dry sheep equivalents and harvests and sells around 300 rangeland goats per annum.

The country on Hurley is gentle undulating red loam grazing country with belah, wilga, currant bush, yarran and box flats.

Enmore and Hurleys will be offered separately for online auction by Nutrien’s David Russell on July 21.

Enmore is anticipated to make $2-$2.5 million, while Hurleys could make between $700,000 and $1 million.

Mr Russell believes the blocks will be sold to two buyers.

“Most of the interest is coming from Victorian and Queensland buyers, and from locals seeking a smaller holding.”

The 8215ha Enmore is located 30km south of Cobar, in NSWs’ central west, and features flat to slightly undulating red loam grazing country, timbered with box, mulga and wilga, with pine flats and large watercourses.

Cawnpore Station auction date change

The auction date for western Queensland’s Cawnpore Station has been rescheduled to July 29 due to excellent rainfall and limited ability to inspect.

The 97,400ha holding is situated in the tightly held Middleton area, 210km west of Winton.

The breeding and backgrounding operation can run 7000 adult equivalents on a mix of Mitchell and Flinders grass downs, gidgee ridges and associated herbages.

Bruce Douglas from Ray White Rural Queensland and Wally Cooper from RPL are handling the sale of Cawnpore Station which includes around 2298 cattle.

 

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