THIS week’s property review includes this wrap-up of interesting recent listings across New South Wales and Victoria, plus separate articles on recently completed sales and properties for sale or relisted in Queensland.

• $35m+ for Roger Shore’s notable Wagyu enterprise
• Victoria’s historic Buln Gherin lists for $17m+
• Versatile Riverina aggregation offers scale

Bonnie Doon is being offered either on a walk‑in, walk‑out basis (including herd, plant and equipment) or as a land‑only sale with water entitlements, centre pivots and extraction licences. The land-only sale is anticipated to raise around $35m.

$35m+ for Roger Shore’s notable Wagyu enterprise

One of southern New South Wales’ most highly developed Wagyu cattle operations has been placed on the market by well-known producer Roger Shore.

Located in the south‑east Riverina, the Bonnie Doon Property Aggregation is 54km from Albury‑Wodonga and 78km from Wagga Wagga.

Ray White Rural Albury agent James Brown together with Andrew Starr from Ray White NSW have been appointed to handle an expressions of interest campaign closing on May 14.

Bonnie Doon is being offered either on a walk‑in, walk‑out basis (including herd, plant and equipment) or as a land‑only sale with water entitlements, centre pivots and extraction licences. The land-only sale is anticipated to raise around $35 million.

According to Mr Starr, the property represents a rare opportunity for established Wagyu seeking scale or expansion into new markets.

“Bonnie Doon will appeal to businesses with existing vertically integrated models, particularly those supplying high‑quality niche beef products.”

“The sale will enable the purchaser to tap into new supply lines and includes the intellectual property on the meat supply arrangements,” Mr Starr said.

Bonnie Doon is home to the Bonnie Doon Wagyu Stud and currently supports a Fullblood Wagyu herd of around 1000 breeders.

The operation has been structured to allow progeny to move through the entire production pipeline – from birth and backgrounding through to grain finishing, targeting premium export markets, particularly in Asia.

Bonnie Doon is described as a blue‑chip agricultural asset with extensive infrastructure designed to support large‑scale, vertically integrated beef production.

During his ownership, Mr Shore has overseen a significant program of capital investment, transforming the holding into a modern, highly efficient farming enterprise.

Improvements have focused on productivity, livestock management and water security, with comprehensive re‑fencing, extensive reticulated water systems and purpose‑built cattle yards capable of handling high volumes of stock.

A feature of the enterprise is its ability to produce its own fodder, reducing exposure to feed price volatility and supply risk.

Bonnie Doon holds 674ML of water entitlements across two licences and is equipped with three centre pivots covering 75ha and permanently sown to high‑yield lucerne.

The sale forms part of a broader succession strategy, with Mr Shore seeking to release capital to support his sons’ non‑agricultural business interests.

Victoria’s historic Buln Gherin lists for $17m+

After five years of ownership, the Ross family has placed its Western District grazing property on the market, with hopes of achieving more than $17 million.

The 1089ha Buln Gherin is located 15km south‑west of Beaufort, 57km south‑east of Ararat and 62km west of Ballarat.

Until 2021, the property formed part of a larger aggregation offered to the market by Craig and Judy Carpenter.

Widely regarded as one of Western Victoria’s most notable rural holdings, the 1881ha Buln Gherin (comprising the 1089ha Buln Gherin, 267ha Buln Gherin North and 525ha Ellimatta) was split up and sold to three local Merino sheep and wool producers for more than $35m.

Settled more than a century ago, Buln Gherin – named after the local Aboriginal term for ‘black cockatoo’ – offers expansive views across Mount Cole and Mount Langi Ghiran.

The property currently operates as a mixed farming enterprise and is well suited to wool production, prime lamb, cattle and cropping.

It has an estimated carrying capacity of 14,000DSE and features fertile volcanic soils, with improved pastures benefiting from lime and fertiliser applications.

Abundant water is supplied by three bores and numerous natural catchment dams.

Infrastructure includes a six‑bedroom homestead (circa 1920), a three‑bedroom manager’s residence, a six‑stand woolshed complex with undercover yards, cattle and sheep yards, multiple sheds and 230 tonnes of grain storage.

Buln Gherin is being offered for sale via an expressions of interest campaign closing on May 7, with Elders agents Sean Simpson and Nick Myer managing the sale.

Versatile Riverina aggregation offers scale

A price guide between $15 million and $16 million is being suggested for a large and versatile grazing portfolio with cropping potential in the Narrandera district of New South Wales’ Riverina.

The Warren Aggregation spans 4804ha across three adjoining holdings – 597ha Hillcrest, 2114ha Karalee and 2093ha Mount Olive – and is being offered by the family of the late Graham Warren.

Benefiting from 457mm to 483mm of average annual rainfall, the aggregation has been operating an Aussie White sheep enterprise with around 6000 ewes and lambs, as well as 120 cows and calves.

It also offers potential for mixed farming or cropping with each of the properties featuring productive sandy red loam soils and natural stands of kurrajong, cypress pine and box timber.

The three properties comprise:

• 597ha Hillcrest is 16km north of Narrandera. Currently operated as a grazing enterprise, it is now fallow after being sown to mixed pastures, providing flexibility for the next cropping or pasture program. Around 75 percent is arable. It has five dams, a three-bedroom cottage and two sheds.
• Around 45 percent of the 2114ha Karalee is arable. It has a strong water catchment and all the dams are currently full. Infrastructure includes a renovated home, cattle yards, a shearing shed, two sheds and extensive boundary fencing, including perimeter exclusion fencing. A Biodiversity Conservation Trust agreement provides additional income.
• The 2093ha Mount Olive is 55 percent arable. Infrastructure includes a newly drilled bore, a five-stand shearing shed, new sheep yards, extensive fencing upgrades, two sheds, six 40-t grain silos and a 25-t fertiliser silo. It is offered with a Biodiversity Conservation Agreement that provides additional income.

The Warren Aggregation is being offered via a two-stage expressions of interest campaign closing on June 3 by McGrath Riverina agent Craig Pellow.

The Warren Aggregation spans 4804ha across three adjoining holdings