Property

Weekly Property Review: Movement at the station

Property editor Linda Rowley, April 17, 2019

The 1552ha Coorunga near Meandarra, QLD for $2.9 million ($1868/ha) to a New South Wales buyer seeking a grazing block.

 

THIS week’s property review includes this wrap-up of recently completed sales, and a separate article on interesting recent listings across the country.

  • District record paid for Lilonga
  • Scale in South Australia sells under the hammer
  • Locals purchase Glen Innes block for expansion
  • Aramac country under offer
  • Maranoa country withdrawn

District record paid for Tara’s Lilonga

The Queensland home of the Lilonga Poll Hereford and Angus studs at Tara, Lilonga, has sold to a neighbour for in excess of $3.8 million – a district record.

The sale was negotiated in an off-market transaction by Simon Cudmore of CBRE.

The 1810ha Western Downs property boasts brigalow/belah and melonhole country and has a carrying capacity of 500 adult equivalents. It has been held since 1980 by Stuart Galloway who is consolidating and moving closer to Brisbane.

Mr Galloway said he was retaining the stud and is currently agisting country.

In another off-market transaction, Mr Cudmore has sold the Kimmorley family’s home block, the 1552ha Coorunga for $2.9 million ($1868/ha) to a New South Wales buyer seeking a grazing block.

Located 41km from Meandarra and 150km from Dalby, the Hannaford district mixed farming enterprise was originally listed with the nearby Adeena for $5.6 million.

Offering scale and diversity, the 4737ha blocks were described as having a good balance of country, excellent water and pimelea free.

With a combined carrying capacity of 1200 head of cattle, the properties were running Angus cattle, Dorper sheep and Boer goats.

The 3185ha Adeena block was sold 12 months ago by Ross Murray from Landmark Harcourts Dalby for $3.5 million ($1099/ha) to the Hay family from Taroom for expansion.

Scale in South Australia sells under the hammer

Jeff Sparks and family, from South Australia’s mid-north, have paid $4.9 million for Manordale and Baileys – a large parcel of productive farming land in the highly-regarded Farrell Flat agricultural area.

Marketed by Ray White Rural, the properties are suited to a diverse enterprise mix of cropping and livestock.

532ha Manordale, located 23km from Clare, comprises relatively flat to gently undulating fertile arable land with mainly red brown loam soil types with some areas of heavier black soils.

The nearby 217ha Baileys comprises relatively flat farming land with mainly clay loam soils. The operation has 90ha of tall wheat grass and 43ha of lucerne which provide quality high stocking rate pasture.

Jeff Sparks and family, from South Australia’s mid-north, have paid $4.9 million for Manordale and Baileys – a large parcel of productive farming land in the highly-regarded Farrell Flat agricultural area.

Locals purchase Glen Innes block for expansion

The largest subdividable land holding on the southern outskirts of Glen Innes has sold to a local grazing family for $2.92 million.

Offered for the first time in 54 years, the picturesque Cherry Tree Farms is located 5km from Glen Innes and 100km from the New England city of Armidale. Spanning 229ha it is situated in a sheltered valley with basalt soils – 90pc arable and 75pc certified organic.

Owners Phil and Bettina Lynn currently fatten and trade cattle, and grow organic and non-organic spelt wheat and soybeans. They also use Cherry Tree Farms as a depot for their Ausgoat business.

Over the years, the property has successfully grown a range of summer and winter cereals, pulses and fodder crops. It can carry 3300 dry sheep equivalents or 220 breeding cows or 330 steers.

Boasting an 850mm annual rainfall, it is a well-watered property with bore water reticulated throughout, as well as spring fed creek and dams.

Geoff Hayes from Ray White Rural said 35 producers from the state’s north and north west inspected the property. On the day there were six registered bidders, with WH Worth & Co the successful purchasers.

Boasting an 850mm annual rainfall, Cherry Tree near Glen Innes is a well-watered property with bore water reticulated throughout, as well as a spring fed creek and dams.

Caledonia under offer

After less than a fortnight on the market, the 30,100ha grassed grazing property Caledonia, 110km from Aramac in central western QLD has been snapped up by a Central Queensland buyer.

The property was being sold via an expressions of interest campaign by Landmark Harcourts, Slaney and Co and Simstock Rural.

Immediately after listing, agents were overrun with enquiries from Blackall, Augathella, Rockhampton and Clermont regions.

Caledonia features diverse country comprising gidgee, iron bark/box and spinifex. Traditionally, spinifex country has been used as breeder country because it is safe and reliable.

Glen and Laurel Cameron, who have owned Caledonia since 2002, have been running 2000 breeders and carrying some stock through to fattened age.

The property is estimated to run between 3000 to 4000 dry cattle, depending on the season and the age of the cattle, but further development will increase the carrying capacity.

The property has enjoyed three good seasons and most recently received good rain in March. There are five flowing bores, of which three are capped.

Hundreds of kilometres of new fencing have been installed and eight exclusion paddocks are secured with vermin-proof high mesh.

The Camerons are planning to relocate to their other property, Meadowbank Station near Mt Garnet.

Agents were overrun with inquiries for Caledonia, a 30,100ha grassed grazing property 110km from Aramac in central western QLD.

Siwa withdrawn

The well managed and well-developed Maranoa organic grazing property Siwa has been withdrawn from the market.

The property went to auction in October last year but was passed-in at $7 million.

The 4975ha enterprise, located 100km south of Roma and 80km west of Surat, is capable of producing 15,000 lambs a year.

At the time, Rob Wildermuth from Ray White Rural Roma said the property offered diverse income streams.

“It is a mixed cattle and fodder block with opportunities for sheep and or goats and cropping, including grain, forage and hay. It also has the added advantage of being organically certified.”

The country is relatively flat, comprising brigalow, belah dark soils with melon holes throughout. There is a dense coverage of buffel grass plus natural grasses and herbages.

Siwa is securely watered by 13 dams plus a share bore and most of the fencing is in good to very good condition – predominately a dog-proof boundary and internal ringlock.

It is understood the vendors, Adrian and Marg Tiller, have decided to carry out further development works on the property. They also own the 18,200ha organically-certified Mitchell property Leinster.

The well managed and well-developed Maranoa organic grazing property Siwa has been withdrawn from the market, after being passed-in at auction last October at $7 million.

 

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