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.
- One million hectares of Cooper Creek channel country
- Scale in central west NSW attracts corporate interest
- Breeding and fattening in NSW Riverina
- Blue ribbon grazing at Rolleston
- Glenapp Station returns to the market
- Diversity on Qld’s western downs block
- Widespread interest in Wandoan grazing aggregation
One million hectares of Cooper Creek channel country
Rarely offered, tightly held Cooper Creek channel country is being offered for sale by a cattle producing family from Queensland and South Australia.
Located between the Cooper Creek and the Birdsville Track in South Australia’s north-east, the Mungerannie Aggregation comprises four pastoral leases – Mungerannie, Waukatana, Lake Hope and Mulka.
Currently operated as a Certified Organic beef breeding and fattening operation, the aggregation, pictured above, was acquired more than 20 years and spans more than 10,330sq km.
Mungerannie is presenting with plentiful feed following good seasonal conditions and has been lightly stocked by the vendors as they prepare for retirement.
The country comprises Cooper Creek channel country and outwash plains, productive vegetated dune fields and swale swamps, open gibber downs with braided watercourses and the local Derwent River flood-out in the west.
During their ownership, the vendors have invested heavily in water infrastructure.
Water is secured by five capped artesian water bores, numerous large steel tanks and troughs, and a 450km network of poly pipe with scope for expansion. This infrastructure is supported by dams, lakes, swamps and waterholes along the Cooper Creek.
Three strategically located homesteads and associated buildings provide management and operational flexibility.
The Mungerannie Aggregation is being offered bare of livestock, plant and equipment via an expressions of interest campaign closing on August 5.
The sale is being handled by Barry Hoare together with Scott Kostecki from the Leichardt Group.
Scale in central west NSW attracts corporate interest
Corporate investors and large family farm operators are showing strong interest in the Jamea Aggregation in New South Wales’ central west.
Located 45km south-west of Trangie, the 6558ha mixed livestock and cropping enterprise is being offloaded after just two years of ownership by Melbourne-based corporate owner, Orana Agriculture, which is citing a change in direction.
Brian McAneney from Ray White Rural said Jamea’s cropping history, alongside its livestock-handling infrastructure, mad it a production powerhouse.
“It is an impressive large-scale opportunity for an individual or corporate buyer that should achieve around $5000/ha ($2000/ac).”
Jamea is mostly cleared with soils ranging from grey self-mulching, grey cracking loam to rich red loams. It is subdivided into 38 paddocks with an extensive laneway system.
Currently being run as a cropping enterprise, Jamea was previously a mixed farm, breeding and fattening cattle and sheep.
The Jamea Aggregation is being offered via expressions of interest closing on July 13. All crops sown in the 2022 winter program are included in the sale.
Breeding and fattening in NSW Riverina
Upwards of $17 million is anticipated for a significant breeding and fattening aggregation in New South Wales’ southern Riverina owned by the James family from Bendigo.
Rhyola and Inverness spanning 9921ha, are located 65km north-west of Deniliquin and 60km east of Moulamein.
They feature a highly productive mix of soil profiles including sandy loam rises and silty creek soils.
The grazing country consists of native grasses and vegetation, herbages, saltbush, trefoil, mixed clovers, blue bush, lignum and dillon bush.
Matt Horne from Elders Deniliquin said Rhyola and Inverness had a rich history of producing some of the finest young livestock in the Riverina.
“Over the past two years, the vendors have been running 500 cows and calves and 3500 ewes and lambs. The calves are grown out to a weight range of 400 to 500kg before being sold (generally) to lotfeeders. A number of heifers are retained for future breeding purposes.”
Mr Horne said Rhyola and Inverness would be an ideal standalone or add on opportunity for a range of investor types.
“The has been widespread interest from locals and from regional New South Wales, South Australia, Victoria and Tasmania.”
The aggregation boasts a picturesque 20km frontage to the Billabong Creek, dual frontage to the Forest Creek, two solar bores and some well-maintained dams.
On Ryola, 160ha of laser-levelled flood irrigation from the Billabong Creek is growing pastures and fodder crops to support both the breeding and fattening stock.
In September 2021, 100ha of lucerne was sown on Inverness and this established stand will provide the incoming purchasers with an additional feed source.
Rhyola and Inverness will be auctioned on July 14.
Blue ribbon grazing at Rolleston
A highly profitable beef enterprise underpinned by ecological grazing and management practices is attracting strong inquiry from across the eastern seaboard.
The Gibson family’s 6781ha Coonabar, 16km north of Rolleston and 106km south of Blackwater, is being sold to enable succession planning.
Brad Hanson from Hourn & Bishop Qld said for more than 30 years, the vendors had substantially increased land productivity and carrying capacity.
“Coonabar can carry 2400 adult equivalents and is operating under a cell grazing management system, incorporating 160 paddocks connected to a laneway system.”
“Strategic tree clearing has created a mosaic effect that promotes excellent grass growth,” Mr Hanson said.
The gently undulating grazing country is currently boasting an extremely dense feed bank of quality pasture, including buffel, green panic, native grasses, and assorted established legumes.
The property is well watered by the Canary and Plant Creeks, five dams and four bores. Water from a 110,000 gallon tank is reticulated to 26 inline tanks and 36 watering points.
Coonabar is being sold bare of livestock, plant and equipment via an expressions of interest campaign closing on July 14.
Brad Hanson would not be drawn on price expectations, saying there have been very few sales in the tightly-held area.
Glenapp Station returns to the market
South-east Queensland’s productive grazing and irrigation property Glenapp Station has been listed with a $25 million price tag.
The 1230ha property failed to sell during an expressions of interest campaign in April and is now being offered for sale with Phillip Kelly from Colliers Agribusiness.
It was purchased by Surat producer Dave Palmer in November 2020 for $17 million bare, or at the time a record $13,821/ha. Mr Palmer was seeking expansion, water security and higher rainfall. He has now decided to consolidate his assets.
Located at Running Creek, near the border between Beaudesert (QLD) and Kyogle (NSW), Glenapp boasts a 6km frontage to Running Creek – recognised as one of the region’s most reliable irrigation water supplies.
The productive property has historically run 1200 breeders and progeny up to 340kg. There is also a licence to operate a 250 head feedlot.
Set up for cattle and fodder production, Glenapp is also ideal for horticulture with its rich soils, 903ML water allocations, plus a 300ML storage dam for irrigation and dryland cropping.
Mr Kelly from Colliers Agribusiness said there had been considerable interest in the unique asset featuring magnificent country and secure water.
Glenapp Station is being sold bare of livestock, but with four pivots.
Diversity on Qld’s western downs block
After two years of ownership, the Uebergang family has decided to offload its 563ha freehold block on Queensland’s western downs.
Rayford Park is centrally located to feedlots, markets and major towns, 13km north of Condamine and 20km south of Miles.
Ben Forrest from the Resolute Property Group said Rayford Park offered the incoming purchaser diverse opportunities.
“With 222ha of cultivation and the balance open grazing, the property is a beef depot, feedlot or centre pivot opportunity. The holding may also interest buyers chasing a lifestyle change as it neighbours the Miles Airport,” he said.
Rayford Park has a 4km Dogwood Creek frontage, three dams (which have been desilted) and a 144ML water allocation. The infrastructure includes steel cattle yards and machinery and storage sheds.
A four-bedroom, two storey timber Queenslander has been recently renovated.
Rayford Park will be auctioned on July 22.
Widespread interest in Wandoan grazing aggregation
There’s been widespread interest in a large-scale grazing aggregation on Queensland’s western downs.
QGC is divesting three adjoining, well developed grazing properties 40km south-west of Wandoan – all within easy reach of major livestock selling centres and beef cattle feedlots.
Phillip Kelly, spokesman for selling agents Colliers Agribusiness and Knight Frank Agribusiness, reports inquiries are coming from locals and from producers across Queensland and interstate.
“Local producers are seeking expansion opportunities and larger scale family and corporate entities have identified scale and production within the offering.”
“Inspections are well underway with the properties all presenting in excellent condition following recent rainfall,” Mr Kelly said.
While Ewingsdale, Lucky Downs and Greenacres share common boundaries, they are being marketed separately via an offer to purchase process closing on July 21.
For more information on each property, read this earlier Beef Central article.
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