Property

Movement at the station: Recent property listings in NSW, SA and Tasmania

Property editor Linda Rowley, 05/06/2024

THIS week’s property review includes this wrap-up of interesting recent listings in New South Wales, South Australia and Tasmania, and a separate article on listings in Queensland.

  • Gold Triangle aggregation could make around $30m
  • Liverpool Plains aggregation returns to market with $19.5m pricetag
  • Strong inquiry for two SA pastoral stations
  • Breeding & scale on offer in Tasmania

The 3497ha Postmans Aggregation is located 39km north of Warialda and 94km north-east of Moree, on the edge of the renowned Golden Triangle region.

 

Two aggregations list in northern NSW

Institutions and large local operators are expected to vie for a versatile Golden Triangle mixed farming and grazing property in northern NSW with the ability to pivot in line with season and commodity prices.

The 3497ha Postmans Aggregation is located 39km north of Warialda and 94km north-east of Moree, on the edge of the renowned Golden Triangle region.

Anticipated to make around $30 million, the holding, pictured above, has been listed by Alistair Michel who has spent three years upgrading water and fencing infrastructure.

Mr Michel said Postmans is experiencing one of the best starts to the year with barley already planted.

“The aggregation offers the incoming purchaser plenty of opportunities because it is suited to cattle and sheep breeding and trading, combined with dual-purpose crops and fodder production,” Mr Michael said.

The holding comprises four contiguous parcels – 1303ha Postmans, 1795ha Brentwood and Yarran, and 398ha Yarran West.

Across the aggregation, 2156ha (62 percent) is arable, with the heavy black self-mulching to chocolate brown and red basalt soils growing barley and oats.

The 1224ha balance consists of 465ha of improved pastures and 848ha of open native grasses supporting 590 mixed breeders and 630 yearling trade cattle.

The estimated carrying capacity is 21,000 Dry Sheep Equivalents.

LAWD director George Barton described Postmans Aggregation as a versatile asset in a premium location.

“The extensive fencing and laneways, multiple secure water sources and state-of-the-art cattle handling facilities coupled with exceptional cropping land gives the owner the ability to pivot with the seasons,” Mr Barton said.

The aggregation is watered by three bores, 24 dams and a 200ML storage dam, supported by a 685mm annual average rainfall.

Infrastructure includes a four-bedroom home (Brentwood), a circa 1880 stone home (Postmans), two staff dwellings (Postmans and Yarran), numerous machinery sheds, four steel cattle yards, two (unequipped) shearing sheds and 16 grain silos with 760 tonnes of capacity.

The Postmans Aggregation is close to grain receival sites near Croppa Creek, Biniguy and Moree, livestock selling centres near Inverell, Glen Innes and Armidale, abattoirs near Inverell and Tamworth, and feedlots near Inverell, Croppa Creek and Glen Innes.

It is offered by expressions of interest closing on July 11.

 

Mount Nombi, NSW being sold by Singapore-based owners

Meanwhile a blue-ribbon grazing and cropping opportunity on the fringe of the renowned Liverpool Plains in northern New South Wales has returned to the market with a $19.5 million price tag.

The 2842ha Mount Nombi is located 15km from Mullaley, halfway between Coonabarabran and Gunnedah.

It is being sold by the Singapore-based Silverstrand investment fund due to a change of direction, after three years of ownership.

Mount Nombi was offered to the market in September last year as part of the 4942ha Wyuna Aggregation.

Following an expressions of interest campaign, 2100ha was carved off and sold to neighbours, with the remainder aggregated to form the new Mount Nombi landholding.

Almost half of the property, spanning 1400ha, is developed to dryland cropping with the balance used for cattle and sheep breeding and finishing, with the vendors currently running 737 head of mixed cattle.

Water is secured from three equipped bores, as well as a number of creeks and dams.

Infrastructure includes a five-bedroom (circa 1904) home, a two-bedroom cottage, workers accommodation, cattle and sheep yards, sheds and 2500 tonnes of grain storage.

Mount Nombi has potential for carbon offset and biodiversity pursuits and is being offered for sale as a whole or as separate assets by LAWD agents Col Medway and George Barton.

Infrastructure on Wyuna includes a five-bedroom (circa 1904) home, a two-bedroom cottage, workers accommodation, cattle and sheep yards, sheds and 2500 tonnes of grain storage.

 

Strong inquiry for two SA pastoral stations

Buyers seeking better value for money country, exceptional water and geographic diversity are being spoilt for choice, with two properties in South Australia’s renowned Flinders Ranges region up for grabs.

The 55,400ha Motpena and the 43,300ha Lake Torrens (about 60km apart) have been listed for sale at a time when, typically, only a limited number of pastoral stations are offered to the market.

In an interesting comparison, both have similar stocking capacities. There is no price guide for Motpena, however the slightly smaller Lake Torrens has been listed for $5.4 million.

Three years ago, Wallerberdina Station, which neighbours Lake Torrens, sold prior to auction for $4.11 million.

Agents for both properties report widespread interest from Queensland, New South Wales, Victoria and South Australian producers.

Motpena Station

The 55,400ha Motpena, located near Parachilna, 100km from Hawker and 200km from Port Augusta, extends from the shores of Lake Torrens to the foothills of the Flinders Ranges.

Owned by the Fels family for 30 years, Motpena has been running a self-replacing Shorthorn cattle herd. Conservatively stocked over recent years, it is rated to run 1300 head of cattle (sheep were last run there in the 1960s).

The Fels have carried out extensive native revegetation on barren claypan flats with water diversion projects.

Featuring substantial floodplain areas fed by the Parachilna and Cottage Creeks, the Commodore Swamp system covers around a third of the property’s southern section.

The property has an abundant underground water supply sourced from 15 equipped bores and five main water meters. An opportunity exists for the incoming purchaser to further expand the watering points and spread the grazing pressure in dry times.

Nutrien Harcourts agent Brian Barnett said Motpena was an opportunity for a producer to expand their existing pastoral enterprise or for those looking for a gateway to diversification.

“The sealed Outback Highway that traverses through Motpena ensures exceptional accessibility and creates an opportunity to leverage the thriving Flinders Ranges tourism market,” he said.

Improvements include a six-bedroom home, numerous sheds, four cattle yards and an old shearers’ quarters providing possible extra accommodation and tourism income.

The property is offered on a walk-in-walk-out basis by registrations of interest closing on June 28. The sale includes station plant and equipment and livestock (subject to muster).

Lake Torrens Station

Also on offer is the nearby Lake Torrens that has recently listed for $5.4 million.

Held by John and Julie Rowe for 40 years, the 43,300ha holding is located 57km north-west of Hawker and 160km from Port Augusta.

Established in 1854, it was named in honour of South Australia’s Sir Robert Richard Torrens who introduced the Torrens Land Titles system in 1858.

Lake Torrens is currently run as a cattle breeding enterprise but has the potential and capacity to revert back to sheep. It is rated to run 1360 cattle or 6800 sheep equivalents.

The EU-accredited property is well improved and managed, currently conservatively running 342 cows and calves on blue bush, salt bush, native grasses and herbages.

Well watered by eight bores and a dam, there is potential for further water development on Lake Torrens Station.

Infrastructure includes a four-bedroom home, a cottage, quarters, a five-stand shearing shed, sheep yards, four steel cattle yards and various sheds.

Elders agent Adam Chilcott is handling the sale of Lake Torrens.

 

Breeding & scale offered in Tasmania

Tasmania’s James and Tahnee McShane are selling their well-rounded breeding property producing grassfed lamb and beef and fine Merino wool.

The 2880ha Rotherwood is located near Lower Marshes, one hour from Hobart, in Tasmania’s tightly held Central Highlands.

Boasting a strong history of sheep production, the current enterprise is running around 7000DSE or more specifically, 2900 breeding ewes, 1200 wethers, 3500 Merino hogget ewes, 900 Merino hogget wethers and 760 first-cross lambs.

AWN agent Cade Ebdon said the property offers upside to the incoming purchaser.

“With further pasture and fertility improvements, Rotherwood has the potential to carry up to 10,800DSE or 1353AE,” he said.

Mr Ebdon reports good inquiry from local and interstate producers, including Queenslanders looking to relocate.

The country on Rotherwood comprises 1350ha of open grazing land, 500ha of bush runs for grazing, a 110ha hardwood plantation (ready to harvest), a 12.5ha softwood plantation (ready for harvest) and 800ha of native forestry (due for selective harvesting in five years).

Mr Ebdon said Rotherwood offers potential for carbon projects in both forestry and soil.

Water is supplied by a dam and a bore supported by a 622mm average annual rainfall.

Infrastructure includes a five-bedroom home, a three-bedroom cottage, a five-stand shearing shed, steel sheep yards, shearers quarters and cattle yards.

Rotherwood is being offered for sale by expressions of interest closing on June 21.

 

 

 

 

 

 

 

 

 

 

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