Property

Weekly property review: Recently completed sales

Property editor Linda Rowley, 26/10/2022

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

  • $13.25m for high carrying capacity in southern NSW
  • High rainfall breeding & grazing at Yass makes $8.2m
  • Victorians expand with Riverina’s Dropshot
  • Trundle aggregation makes $12.05m
  • Casey Stoner holds on to northern NSW block

$13.25m for high carrying capacity in southern NSW

Angus breeders Jim and Libby Litchfield from Hazeldean, Cooma, have paid $13.25 million ($14,608/ha) for high carrying capacity country in southern New South Wales.

The picturesque 907ha breeding and fattening block Bunnabukbuk at Adelong, 20 minutes from Tumut and 30 minutes from Gundagai, attracted widespread inquiry from producers and city investors.

It was offered for sale to enable succession planning by brothers Tony and Bill Barton, who own and operate Gundagai Meat Packers.

The Barton family has been associated with Gundagai’s meat industry for almost 100 years, spanning three generations.

Featuring versatile and productive country with yellow, red and grey box timber, Bunnabukbuk is predominately protected alluvial valley floor flats with the balance elevated and hill grazing country.

Located in a high rainfall region (around 800mm), the property is securely watered by dams, a reticulated livestock water system, Califat Creek as well as several other creeks.

David Nolan from Webster Nolan handled the marketing and sale.

High rainfall breeding & grazing at Yass makes $8.2m

Sandy and Abby Shannon have paid $8.2 million bare for a high rainfall breeding and grazing opportunity in the Southern Tablelands of New South Wales.

Situated in a 690mm rainfall region, the 733ha Talbragar is located at Bookham, south of Yass.

Talbragar has been running a self-replacing Merino flock, and breeding and trading cattle. The estimated carrying capacity is 5900 dry sheep equivalents or 8.1DSE/ha.

The cattle and sheep breeding enterprise is also capable of finishing due to well-established improved pastures comprising phalaris, cocksfoot, ryegrass and native perennial grasses, and dual purpose cereal crops.

Reliable water is provided by dams, a permanent creek and a solar bore which supplies a header tank and reticulates to a network of troughs.

Fit-for-purpose operational improvements include a four-stand shearing shed with steel sheep yards, cattle yards with a veterinary crush, machinery sheds, an 80t grain silo storage and an airstrip.

The sale of Talbragar was handled by Col Medway from LAWD.

Talbragar is currently running a self-replacing Merino flock, and breeding and trading cattle. The estimated carrying capacity is 5900 dry sheep equivalents or 8.1DSE/ha.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Victorians expand with Riverina’s Dropshot

A family from Victoria’s north-east seeking expansion has paid $6.1 million or $8918/ha bare for a 684ha grazing block in New South Wales’ Riverina.

When Dropshot was listed for sale in September by David and Brenda Coles after 30 years ownership, it was expected to make around $5.5 million.

The property is situated 11km east of Ladysmith, 21km southwest of Tarcutta and 30km south-east of Wagga Wagga.

During their tenure, the Coles have run 100 cows and 2000 ewes, however this year they have reduced stock numbers and have been running some beef cattle.

The open undulating country rises to grazing hills which are presenting with a good body of feed.

The property is timbered with box, gum and ironbark, with established tree plantings along the Coreinbob Creek and several fence lines.

There are 200ha of ryegrass, clover and chicory pastures, with the balance perennial native grasses and clover.

The property is situated in a reliable winter-spring dominant 640mm annual rainfall district.

There is double frontage to the semi-permanent Coreinbob and Sullivans Creeks, 17 dams and two bores.

The sale of Dropshot was handled by Sally Douglas from Nutrien Harcourts.

Dropshot is situated 11km east of Ladysmith, 21km southwest of Tarcutta and 30km south-east of Wagga Wagga.

Cronins sell Trundle aggregation for $12.05m

Pat and Mick Cronin have sold their Cronin Pastoral Aggregation in the central west of New South Wales as four non-contiguous lots for $12.05 million, representing an area value around $4700/ha.

The four Cronin properties are located around Trundle, about 55km northwest of Parkes.

Woodview made $3.4 million, followed by Brookfield at $3.1 million; Glengarrie at $3.05 million; and Roseleigh, $2.5 million. Two of the properties went to neighbours and the others were purchased by brothers from nearby Orange.

Selling agent Ainslie Toole from Nutrien Harcourts Forbes said the price was above expectations.

“The top sale was 40 percent above the district record,” she said. “The land has been well managed for a long time and the result reflected that.”

The Cronins are well-known for their high quality crossbred ewes. They decided to sell off most of the land they have purchased over the past 50 years to semi-retire from farming, retaining their 25ha home farm.

Passed-in: Casey Stoner holds-on to northern NSW block

Retired motor cycle racer Casey Stoner and wife Adriana’s productive breeding and fattening property on New South Wales’ Northern Tablelands has failed to sell at auction.

The 507ha Julkerru was passed-in at $3 million, falling short of the anticipated $3.5-$4m price guide.

Julkerru is situated at Niangala, 54km south of Walcha and 74km south-east of Tamworth, and features a balance of open undulating grazing and sheltered timber country.

The rich chocolate and light basalt soils are growing abundant feed that can comfortably support 120 cows and calves.

Situated in a high rainfall region, water on Julkerru is supplied by the Mulla Creek and several dams.

George Barton from McCulloch Agencies said the property has now been withdrawn from sale.

 

Click here to access more property sales results

 

 

 

 

 

 

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