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

• New England grazing & farming makes $20m+
• Locals expand with Dirranbandi’s Wombil Downs
• Upper Hunter cattle country split up

New England grazing & farming makes $20m+

More than 70 years of Capel family ownership has ended with the sale of Kulki in northern New South Wales to a producer with significant holdings in the area.

Offered by David and Annabelle Horn to finalise an estate, the 2146ha mixed grazing and cropping enterprise is located near Graman, 39km north-west of Inverell and 60km north-east of Warialda.

LAWD agent George Barton was unable to disclose the buyer or the price paid, however when Kulki was offered for sale in October, it was anticipated to make more than $20 million on a bare basis.

Around 1185ha is used for beef and lamb production, while 961ha (45 percent) of the mostly heavy black self-mulching to chocolate brown soils are developed to dryland cropping (barley, oats and lucerne).

Benefiting from 750mm of annual average rainfall, the property has a number of reliable and secure water sources including 11 dams, three bores and the spring-fed Pine Nob Gully and Wyndhams Creeks.

Infrastructure includes a circa-1900 four-bedroom home, numerous sheds, two cattle yards, a 10-stand shearing shed, sheep yards, shearing quarters and five grain silos with 340-tonnes of storge.

Over the past two years, 10-12km of new fencing has been constructed.

Around 1185ha of Kulki is used for beef and lamb production, while 961ha of the mostly heavy black self-mulching to chocolate brown soils developed to dryland barley, oats and lucerne.

Locals expand with Dirranbandi’s Wombil Downs

A local grazing family is expanding Dirranbandi’s fully exclusion fenced Wombil Downs.

Described as a turnkey opportunity with plenty of upside, the 6379ha property is located 40km north-west of Dirranbandi and 65km south-east of Bollon and was sold by Dean and Sophie Carrol after 12 years of ownership.

Nutrien Harcourts GDL agent Nick Dunsdon was unable to disclose the buyer or the price paid, but said Wombil Downs achieved a result in line with expectations.

The mostly cleared open paddocks are growing thick stands of buffel grass. A timber belt with large stands of mulga provides feed during dry periods.

Featuring soft red loam soils with elements of grey melon holes, more than 800ha is developed for cultivation with a further 100ha raked and ready to be farmed.

Situated in an average 450mm rainfall area, water is supplied by a share bore which is capped and piped to 32 troughs and 22 tanks.

Infrastructure includes a renovated three-bedroom home, a two-bedroom cottage, sheep and cattle yards and a shed, as well as 42km of new internal fencing and a laser levelled grain pad for 2500-tonnes.

A local grazing family is expanding Dirranbandi’s fully exclusion fenced Wombil Downs.

Upper Hunter cattle country split up

Cattle breeding and finishing country in New South Wales’ Upper Hunter has been split up and sold to four adjoining or nearby buyers.

The 1516ha Naracoorte is located 3km from Moonan Flat and 54km east of Scone and was listed in October last year with a $11.5 million to $13.5 million price guide.

Offered in one line or as six riverfront lots, each with a dwelling or a dwelling entitlement by way of a DA approved subdivision, four of the holdings sold for an undisclosed price.

• 129ha Oakfields – a three-bedroom cottage, a centre pivot irrigator shed
• 60ha Sunny Grove – a three-bedroom cottage
• 674ha Nields Creek – a centre pivot and improved pastures
• 3ha Banyandah – a renovated four-bedroom home.

The vendors decided to retain the 589ha Gowrie home block, with an architectural designed four-bedroom home, a shearing shed and a bore and the 62ha Airstrip block that had a set of cattle yards.

As a whole, Naracoorte ranges from fertile alluvial valley floors to arable sloping grazing country flanked by timbered hills suitable for running 430 breeders, with progeny carried in favourable seasons.

Watered by 7km of Hunter River frontage, Naracoorte has 36 dams and two centre pivot irrigators.

The vendors had been growing permanent pastures, lucerne or annual fodder or cash crops (such as oats and sorghum).

McGrath agent Michael Burke handled the sale.