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

• $50m+ for WA’s The Oaks
• Picturesque New England grazing country has development potential
• Historic Mylora lists as two separate assets

The Linwood aggregation is offered with an 8500DSE estimated carrying capacity and in the past, has comfortably carried 6000 mixed sheep and 100 cows and replacement females.

PICTURESQUE New England grazing country, offering potential for development and an off-farm income, has been listed by a Brisbane-based businessman after 27 years of ownership.

The 1491ha Linwood Aggregation consists of the adjoining 857ha Linwood and 633ha Auburn Vale and is 25km north-east of Walcha and 65km from Armidale.

It is offered with an 8500DSE estimated carrying capacity and in the past, has comfortably carried 6000 mixed sheep and 100 cows and replacement females.

Nutrien Harcourts agent Bruce Rutherford said Linwood was affordable grazing country and is attracting interest from locals and producers from Queensland and southern New South Wales looking for breeder country.

“Operated as a Merino wool growing and breeding property with a herd of Angus breeders for weaner production, there is significant potential for production to be increased with the development of permanent pastures and fertiliser,” he said.

The mostly gently undulating traprock country rises to some steeper basalt hills growing mostly native species, with 180ha cropped to oats.

Situated in the Winterbourne district, there is also potential for off-farm income through the New England REZ (renewable energy zone) and more specifically, the proposed Winterbourne wind project.

Linwood is watered by two bores, four creeks and 53 dams, in a 780mm annual average rainfall region.

Improvements include two homes, a cottage, two three-stand shearing sheds, cattle yards, four sheep yards, grain silos and numerous sheds.

Expressions of interest close on August 7.

Meantime, the 1891ha Doughboy Mountain, also listed with Mr Rutherford, is receiving good interest with parties currently conducting due diligence.

On top of the Doughboy Mountain Range, 56km east of Guyra and 68km from Armidale, the scenic high rainfall country is located in the dress circle Wongwibinda/Ebor district of northern New South Wales.

Described as a red meat production factory, the property is currently breeding and backgrounding around 21,000DSE.

$50m+ for WA’s The Oaks

The Malaysia-based Russell family has listed its significant and strategically located mixed farming opportunity on Western Australia’s south coast with hopes of raising more than $50 million.

The 5313ha The Oaks is located 40km north-west of Esperance in the Dalyup region and is being sold after more than 50 years of ownership due to a change in direction, with the family business understood to be deploying capital elsewhere.

The Russells are not only the largest tea producer in Malaysia but also in Australia – they own Nerada Tea in Far North Queensland.

JA Russell (Australia) purchased its first farmland in Esperance in 1967 and expanded with the neighbouring property, The Oaks, in 1974.

Historically, the aggregation has operated as a sheep and farming enterprise with more than 50 percent of the land dedicated to pasture production.

Over the last five years, crop production has advanced with the family adopting and deploying capital into advanced technologies, soil amelioration and modern machinery.

This has shifted the focus of The Oaks to a 70/30 split between cropping (wheat, barley and canola) and pasture (fine wool and prime lamb production).

The perennial pastures feature a diverse mix of kikuyu grass, clover, serradella and ryegrass capable of running 12/DSE during winter, with a current flock of 4421 Merino ewes and 921 crossbred ewes.

The current sheep genetics boast a fine micron yielding merino base, with cull ewes mated to a white Suffolk ram.

Formal offers close on September 4 with the sale being handled by Colliers Agribusiness agents Rawdon Briggs, Duncan McCulloch and Gabi Mewburn and AWN Rural’s Rowan Spittle.

They said The Oaks’ proximity to the coast provides a favourable environment for high yield crops and cost-effective freight.

“This location safeguards efficient grain logistics with quick turnaround times from the CBH, and there is excellent road access to paddocks with three main access driveways and a gravelled internal laneway network.”

The water facilities are extensive and include three river systems which run through the property providing excellent drainage, as well as 30 dams and a comprehensive waterline supplying troughs and cup-and-saucer tanks.

Infrastructure includes three homes, a six-stand shearing shed, sheep yards and a shed as well as extensive fence replacement.

Historic Mylora lists as two separate assets

Angus and Emma Graham are offering their iconic mixed grazing and farming property close to Canberra as two separate assets, after failing to sell via an expressions of interest process.

The 3209ha Mylora was listed in September last year by the Grahams after 26 years of ownership.

It is now returned to the market as two separate adjoining properties – 1861ha have been valued at $55m, while the remaining 1348ha have a $35m price tag.

Mylora is situated 10km from Binalong, 31km from Yass and 93km from Canberra on New South Wales’ Southern Tablelands.

Offered for the second time in its 170-year history, the property has long been recognised as one of the premier holdings in the district.

Not only was it a Cobb & Co stop and visited by bushrangers John Gilbert and Ben Hall, Mylora neighbours the childhood home of Australian poet AB ‘Banjo’ Paterson who named his first published poem, ‘The Mylora Elopement’ after the property.

McGrath Rural agent Stuart Davies reports inquiry from a wide range of interested parties.

“Large farming families and corporates have dominated domestic interest, while international inquiry has come from the United Kingdom, Asia, the Middle East and Africa, as well as high net worth individuals seeking a trophy asset.”

Mylora has a 30,000DSE carrying capacity but is conservatively running 650 cows and calves and 5000 ewes with lambs.

Vendor Angus Graham describes Mylora as having a beautiful mix of country ideal for breeding livestock.

“The cattle and sheep feeding facilities provide drought security and the capacity to also finish breeder progeny or additional trading stock.”

A large portion of the property is arable and this year 600ha was planted to dual purpose winter grazing crops of canola, wheat and oats.

Water is a feature, with 13km of double frontage to the Jugiong Creek, 3km of double frontage to Bushrangers Creek as well as Illalong, Garry, Sawpit and Blind Creeks.

Almost every paddock has a dam, there are three bores and a 24ML licence, supported by 672mm of reliable average annual rainfall.

Infrastructure includes a renovated circa 1820 six-bedroom bluestone homestead, two cottages, shearers’ quarters, an eight-stand shearing shed, cattle and sheep yards, two feedlots and feed mill, numerous sheds and 2400-tonnes of silo capacity.