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

• Two locals pay $20m for Stirling Buntine CW Qld aggregation
• SW Qld grazing asset sells with carbon project
• Negotiations underway for two NSW central west assets
• No-result from  auction leads to Trundle country listing

The Tulmur aggregation was described as an efficient, low-cost enterprise with direct frontage to the renowned Diamantina River (picture taken earlier this year during beneficial flooding).

Two locals pay $20m for Stirling Buntine CW Qld aggregation

Northern cattle identity Stirling Buntine’s large-scale breeding, backgrounding and finishing aggregation in central western Queensland has been split up and sold to two locals for around the $20 million price guide.

Earlier this year, agents from JLL Agribusiness and RPL were appointed to sell the 74,660ha Tulmur, Tranby and Owens Creek Aggregation (pictured above) via an expressions of interest process.

While they were unable to disclose details of the transaction, it is understood the 54,300ha Tulmur and 14,140ha Tranby sold to one local producer and the 6220ha Owens Creek was purchased by another.

When it was listed for sale in April, the aggregation was described as an efficient, low-cost enterprise with direct frontage to the renowned Diamantina River.

Located 100km south-west of Winton, it provides good access to the north, and to end-markets located to the south and east.

There are areas of open Mitchell and Flinders grass downs to the east transitioning to broken gidgee woodlands and hills to the west. Diamantina River flood-out channels are growing healthy stands of blue bush, buffel and seasonal grass species.

The aggregation is estimated to run around 4000 adult equivalents or 3000 breeders plus progeny.

Situated in a 415mm annual rainfall region, Tranby has a flowing bore linked to a network of tanks and troughs, Tulmur is watered by dams and a network of seasonal and semi-permanent waterholes in the Diamantina River and Williams Creek systems, while four dams provide water to Owens Creek.

Infrastructure includes two homestead complexes on Tulmur and Tranby, quality fencing and three sets of cattle yards.

SW Qld grazing asset sells with carbon project

Sydney-based investor Marcus Lewis has sold south-west Queensland grazing country with an established carbon project after 13 years of ownership.

The 60,700ha Bendena Station is located on the Nebine Creek in the Paroo Shire, between Bollon and Cunnamulla.

The mostly mulga country is well grassed and estimated to run between 1400 and 1500 cows.

Nutrien Harcourts GDL agent Nick Dunsdon handled the off-market sale but was unable to disclose the buyer or the price paid.

However, it is understood to be an Orange-based grazing and carbon company expanding its Queensland portfolio.

Bendena Station has a 25-year Human-Induced Regeneration project that started in 2017.

Mr Dunsdon reports increased interest in grazing properties with established carbon projects because of the current delay in the new methodology.

“They are the only viable avenue offered to companies with a mandate to invest in carbon projects.”

Negotiations underway for two NSW central west assets

Elders agent Chris Malone is negotiating with interested parties for two standout holdings in central western New South Wales.

Tim and Jenny Webb’s 2933ha Monwonga Aggregation near Bedgerabong and 48km from Forbes, passed in at auction late last week.

A property that once formed part of the historic Big Burrawang Station, it consists of the Monwonga, Gloming and Wool Wash and Aston Park.

Operating as a dryland enterprise and cropping 1200ha, the property has consistently carried 5000 to 6000 ewes and followers, as well as 2000 wethers.

Boasting 13km of Lachlan River frontage, Monwonga is watered by seven bores and 24 dams.

The quality infrastructure includes a circa 1930s five-bedroom riverfront homestead, a three-bedroom workers cottage, a seven-stand shearing shed, two steel sheep yards, one steel cattle yards, a shearers quarters, numerous sheds and 3000 tonnes of grain storage.

Listing for Tara Moira aggregation

Meantime, the largest contingent mixed farming operation in the Trundle district has been listed for sale after failing to sell via expressions of interest.

Assembled over 70 years by the Watt family, the 4327ha Tara Moira Aggregation is being sold with 3331ha of crops.

Traditionally, the operation runs 5000 Merino and first-cross ewes, with a modern 4000 head lamb feedlot turning off up to 19,500 lambs a year.

The open, level Kurrajong country features red loams soils which, over the years, have benefited from the application lime and of manure from the feedlot, in addition to a comprehensive fertiliser program.

More than 95 percent is arable and produces winter cereals, oilseeds and pulses which are used in the feedlot.

The Tara Moira Aggregation is watered by three dams and a bore.

Infrastructure includes a four-bedroom home, three other residences, a four-stand shearing shed, four sheep yards, 1900-tonnes of grain storage and numerous sheds.