THIS week’s property review includes this wrap-up of recently re-listed properties and separate articles on recent new listings in Queensland and recently completed sales.

• Breeding & fodder factory lists for a reduced $27.2m
• $10m for Guluguba’s The Gull
• CW NSW powerhouse lowers expectations
• SA’s Martins Well lists for $6.75m
• SA’s versatile Campbell House on offer for $18.75m

Irrigated lucerne on Walteela and Fletchers

Breeding & fodder factory lists for a reduced $27.2m

Rob Topfer and Becky Sparks have reduced the asking price for their first-class breeding and fodder factory in New South Wales’ Eastern Riverina.

Listed as two separate holdings, Walteela and Fletchers are located 13km from Wagga Wagga on the high side of the Murrumbidgee River – which means they are flood protected.

The main enterprise, pictured above, is irrigated hay and silage production. Lucerne is the main crop with around seven cuts a season taken at a yield of 3t/ha per cut.

With all the pivots sown to lucerne, the vendor expects a total annual production of 5000 to 6000 tonnes per year.

Together, Walteela and Fletchers are operated in conjunction with the vendor’s other properties located in the Southern Highlands.

Over the last 12 months, numbers have averaged 500 joined cows and heifers, but the properties can also carry sheep and lambs.

LAWD agents Col Medway and Tim Corcoran said the adjoining properties can operate as a whole or independently.

“Offering them separately has attracted interest from locals and institutions for expansion or as a bolt-on to an existing enterprise.”

Walteela

The 765ha Walteela is the last property on the Murrumbidgee River and boasts 2.5km of frontage, supported by 571mm of annual rainfall.

Last year, the highly developed irrigation, dryland cropping and grazing property was offered with a $23.1 million price tag (land and fixed improvements). Today, the price has dropped to $19.9m, with two water entitlements totalling 1590ML available for separate sale.

Over the past three years, the couple has invested more than $1.8m into developing the working infrastructure and irrigation development on Walteela.

There are 192ha of spray irrigation under seven pivots (either new or recently overhauled and refitted) and plans and clearing have been completed for two pivots to further expand the irrigation area by a further 120ha.

Infrastructure includes a four-bedroom home, steel cattle yards, numerous sheds and six silos.

Fletchers

The neighbouring 264ha Fletchers is described by the selling agents as “bolt-on scale with a real point of difference to complement existing enterprises.”

Offered for sale for $8.9m (land and fixed improvements) a year ago, it has been lowered to $7.3m, with 600ML of water entitlements available separately at market value.

More than $1.7m has been invested into developing the working infrastructure and irrigation development, including 112ha of spray irrigation under three new pivot irrigators.

Infrastructure includes a fully enclosed hay shed.

$10m for Guluguba’s The Gull

The Hansen family has relisted its cattle breeding, backgrounding and finishing country in Queensland’s Western Downs region with a $10m price tag.

The 2759ha The Gull is 6km west of Guluguba and 13km south of Wandoan in a highly regarded beef production area, close to major markets and feedlots.

The Gull comprises 2060ha of freehold grazing land and an adjoining 700ha of forestry lease.

For more than 60 years, it has been held by the Hansens who have traditionally finished more than 600 steers through to bullocks on established buffel pastures.

Family members have also run a breeding operation and a commercial stud, with the vendors estimating the property can support 1000 backgrounders or 600 breeders with followers sold as weaners.

Elders agent Phillip Kelly said further development, regrowth control and pasture renovation could increase production.

Most of the soft open rolling country that rises to low ridges grows brigalow, belah, softwood scrub and poplar box. There are more than 200ha of previous cultivation that produced grain and fodder crops.

Infrastructure includes a three-bedroom home, numerous sheds, grain silos and cattle yards.

Eight dams and a shared bore supply stock water.

Mr Kelly said interested parties should note all photography is dated January 2025.

CW NSW powerhouse lowers expectations

A versatile grazing and farming powerhouse in central western New South Wales has returned to the 2026 market with a reduced price tag after failing to sell last year.

The 15,264ha Black Range Station is a western lands lease near Eremerang, 85km north-west of Condobolin and 165km south-east of Cobar.

Agents were seeking offers around $790/ha ($320/ac) or around $12 million. They are now seeking between $716/ha to $741/ha ($290/ac to $300/ac).

Black Range features sloping red loam farming country, open grazing flats, hill country and timbered ranges.

Over the past five years, it has been running between 2000 and 3000 Dorper ewes and lambs, 50 to 100 head of cattle, up to 1200 goats under a containment breeding program, as well as opportunistic harvesting of rangeland goats.

While the 2025 cropping area spans around 2000ha, the property has a 4238ha cultivation consent and two vegetation plans (PVP) covering an additional 2796ha allowing for more than 7000ha to be cultivated in total.

Last year, 1215ha was planted to barley, with a further 810ha of wheat under a short-term lease agreement.

For the past seven years, Black Range has been held by two Forbes businessmen who are offering the property for sale as they look to retire from active farming duties and work towards rationalising their wider investment portfolios.

During their ownership, they have drought-proofed the property by completely upgrading the stock watering system and installing two new bores (one is equipped) that supply a network of tanks and troughs. This is supported by 16 dams and fenced and trapped watering points.

Improvements include a five-bedroom home, a shed, a five-stand shearing shed and sheep, cattle and goat yards. In recent years, the vendors have installed more than 42km of internal, containment and exclusion fencing.

Black Range Station is being offered for sale as a whole or in two parts (8860ha south of Tallebung Road and 6404ha north of Tallebung Road) by the Johnston Rural Group, Ray White Rural and McGrath Riverina.

Black Range features sloping red loam farming country, open grazing flats, hill country and timbered ranges.

SA’s Martins Well lists for $6.75m

Martins Well Station, on the edge of South Australia’s Flinders Ranges, has listed for $6.75 million after failing to sell at auction.

The 105,000ha well improved cattle and sheep asset returned to the spring selling market last year and headed to auction in late November. Colliers Agribusiness is now marketing the pastoral lease with a $6.75m asking price on a bare basis, with plant and equipment available for separate purchase.

Held since 2017 by the MF Jebsen Group, a European family headquartered in Hong Kong, Martin Wells Station is 90km north-east of Hawker and a six-hour drive from Adelaide.

Currently destocked due to dry seasonal conditions, Martins Well Station has recently received rain with more forecast – setting up an incoming purchaser with immediate access to feed.

Agent Will Sumner said a range of groups have expressed interest.

“Those with inside and outside country, producers looking for feed, continuous croppers in high rainfall areas seeking to diversify their business operations, family offices, high net worths and interstate groups are all looking.”

Martins Well features mostly open, undulating plains interspersed with ranges and creek systems growing a vast array of grasses and bush feed supporting 2580 cattle or 12,900 sheep.

The property has undergone extensive improvements since it changed hands in 2017, including extensive renovations to the main five-bedroom homestead and historic outbuildings that now offer multiple, luxurious accommodation options.”

Other infrastructure includes a seven-stand shearing shed, five sheep yards and a set of cattle yards.

The long-term average annual rainfall at Martins Well is around 200mm, with the station abundantly watered by 17 equipped bores, multiple dams and semi-permanent and permanent waterholes.

Farmbot remote water monitoring units are used across the station, offering operational efficiencies and savings on maintenance and running costs.

In addition, the Artipena permanent spring is an extensive watercourse with a chain of large waterholes extending for several kilometres.

Also known as Martins Well Rangeland Reserve, the property also offers significant tourism and conservation opportunities.

SA’s versatile Campbell House on offer for $18.75m

A significant Coorong district opportunity in the renowned Upper South East region of South Australia has been listed for $18.75m after failing to sell via expressions of interest.

Located between Lake Albert and the Coorong (recognised under the Ramsar Convention as a wetland of international importance), the 1500ha Campbell House is 16km west of Meningie and 93km south of Murray Bridge.

Vendors Brad and Karin Fischer are currently operating Campbell House as a dairy and irrigation enterprise, however it is also suited to beef, wool and fodder production, cropping and vegetables.

Around 1359ha (91 percent) of the well-drained, sandy loam, clay and limestone soils are arable with 232ha under irrigation and 1127ha used for dryland cropping. The canola, lupins, barley, oats, together with hay and silage production, support the 600-cow enterprise.

Water security is underpinned by 232ha of spray irrigation with eight remote controlled fibre optic-connected centre pivots and water sourced from the River Murray Prescribed Water Course – River Murray Irrigation Management Zone.

Infrastructure includes a 120-year-old five-bedroom stone homestead, a manager’s residence, a worker’s quarters, a stone cottage, a 50-unit rotary dairy, a compost barn, numerous sheds, five steel cattle yards and 520-tonnes of silo storage.

The sale of Campbell House is being handled by LAWD agents Nigel Gosse and Col Medway.