Weekly Property Assessment: Latest property listings

THIS week’s property overview contains this wrap-up of fascinating latest listings throughout the nation.

  • $90m+ for NSW’s Sunshine Farms Aggregation
  • New benchmark anticipated for SA grazing
  • Qld’s Robina Downs attracts institutional enquiry
  • Peel River nation hits the market after 130 years
  • CQ breeding block lists for the primary time
  • Bells offload central western NSW nation
  • Western land lease sale will finish 95 years of possession
  • Formal tenders for CQ’s relisted Glendarriwell
  • Eyre Peninsula portfolio set to vary arms

$90m+ for NSW’s Sunshine Farms Aggregation

Greater than $90 million is anticipated for grazing and irrigated and dryland cropping nation with virtually 15,000ML of water entitlements within the Lachlan Valley of New South Wales.

The AAM Funding Group is offloading 14,075ha throughout 5 non-contiguous holdings (inside a 25km radius), close to Forbes within the state’s Central West.

AAM stepped into combined farming in January 2020 with the acquisition of the adjoining 4820ha Sunshine and the 1643ha Spherical Cowal for round $16m.

Since then, it has added the 2835ha Bergen Park, 1111ha Warili and 3666ha Glencoe to the portfolio.

Managing director Garry Edwards stated Sunshine Farms was the primary strategic land and growth acquisition of the AAM Diversified Agriculture Fund.

“The aggregation was foundational to the implementation of ADAF’s philosophy of range throughout provide chains and geographic places.”

“With entry to water entitlements from the Jemalong Irrigation Scheme, the properties supplied potential that may very well be realised by way of administration at scale and strategic capital growth applications, together with infrastructure enchancment and alter of land use,” Mr Edwards defined.

The divestment of Sunshine Farms will help the AAM’s continued progress and additional funding in various agricultural belongings.

The aggregation has high-quality clay loam soils that develop cotton, wheat, barley, faba beans and fodder to help beef, wool and prime lamb manufacturing.

The mixed 14,766ML of water entitlements contains 11,556ML from the Jemalong Irrigation Scheme, 2050ML from the Lachlan River and 1160ML of Higher Lachlan Alluvial groundwater. These are supported by 300ML of on-farm storage.

LAWD agent Danny Thomas stated AAM executed an acquisition and growth plan to create scale hardly ever seen within the space.

“The world west of the Newell Freeway has been undervalued attributable to lack of scale. AAM has created a big aggregation and utilized precision growth and administration methods to take these properties to their highest and finest use.”

Mr Thomas is anticipating robust purchaser enquiry.

“Institutional buyers are presently main demand for Australian agricultural belongings within the higher than $50m market section.”

The Sunshine Farms Aggregation is out there on the market through expressions of curiosity closing on October 5.

New benchmark anticipated for SA grazing

One of many largest grazing properties in South Australia’s south-east is being offloaded by an overseas-based household after 25 years of possession.

The 4326ha Fairview is positioned at Lucindale and contains six contiguous properties – Outdated Fairview, Lantara, Wombalano, Keys, Watson’s and Mickan’s.

Colliers Agribusiness brokers Jesse Manuel and Tim Altschwager have been appointed to promote the property through an expression of curiosity marketing campaign closing on September 26.

The brokers consider the holding will generate vital enquiry.

“Fairview is nicely positioned and accessible to markets. It provides versatility and a very good steadiness of nation sorts, in addition to scale. Robust native curiosity is anticipated from inside the tightly held district and nationally, together with company consumers.”

Fairview director Grantley Stevens is assured the sale will set new benchmarks for the south-east area.

“Premium land of this measurement and flexibility is a long-term funding. Land gross sales within the area are presently making $14,500/ha to $20,000/ha so it will likely be fascinating to see what the market determines.”

At these charges, Fairview will make between $64 million and $86 million on a naked foundation.

The property is described as nicely balanced with open heavy flats, hotter hills and timbered grazing nation, in addition to huge areas of improved pastures.

It’s operating a self-replacing cattle herd of black Angus and Angus/Black Simmental cross cows and a largely Merino ewe flock utilizing Suffolk and Dorset rams.

Mr Manuel stated Fairview is completely self-sufficient when it comes to its year-round inventory feed necessities, with 130ha planted for fodder manufacturing.

Fairview farm supervisor Marc Dupree believes there may be vital potential to extend the general carrying capability of the property.

“After I arrived in 2004, Fairview was operating greater than 14,000 sheep and round 1000 breeders, nevertheless the common annual stocking has been lowered to round 25,000DSE attributable to latest in depth soil redevelopment initiatives.”

The measures included deep ripping sub-surface rock within the plains nation for pasture roots to entry clay and claying the lighter hills nation to extend soil moisture retention.

Mr Dupree stated many of the property is now again in manufacturing.

“Fairview has been understocked however with the potential to enhance extra of the nation and pastures, livestock numbers could be considerably lifted transferring ahead.”

Located in a 600mm common annual rainfall area, Fairview advantages from over 1000ML of water entitlements for irrigation, with 25ha developed to flood irrigation.

Additionally it is watered by photo voltaic and electrical bores (with a handful of windmills nonetheless in use), with underground water pumped to header tanks and reticulated to troughs.

Qld’s Robina Downs attracts institutional enquiry

After 4 wonderful seasons, Nyngan producers Jack and Dione Carter have listed the exclusion fenced Robina Downs in south-west Queensland.

The 13,780ha are located 25km from Noorama and 131km south-east of Cunnamulla, within the famend ‘salad bowl’ area.

The Carters bought Robina in August 2019 for drought aid attributable to dry circumstances in north-western New South Wales. What adopted was 4 spectacular floods from the Noorama Creek.

Throughout their possession, the couple has been operating a combined sheep and goat enterprise with a 7000DSE score or 8000 to 10,000 goats.

With a return to extra regular seasons, the common, protected, helpful flood out grazing nation is now surplus to the Carter’s necessities.

Nutrien Harcourts agent Darryl Langton stated there was strong enquiry from a spread of consumers.

“The steadiness of soil sorts, various pastures and plentiful water are attracting locals, producers from Goondiwindi to northern New South Wales, in addition to upsizing institutional kind buyers.”

Mr Langton stated grazing gross sales in Cunnamulla’s salad bowl have been far and few.

“The final property I offered within the area was round 12 months in the past and that achieved $156/ac. Robina Downs is predicted to realize extra.”

Darkish soils throughout 70 % of Robina Downs develop a mixture of Mitchell, Flinders and native grasses and prolific herbages (in season) alongside the Noorama Creek flood out nation.

The steadiness consists of pink loam soils rising buffel and native grasses.

Robina Downs is watered by a 300ML irrigation licence, three capped artesian bores which ship water to tanks and 30 troughs and dams.

It’s being supplied on the market by expressions of curiosity closing on September 15.

Peel River nation hits the market after 130 years

Descendants of the Vickery household are ending greater than 130 years of possession of Swanton and Menedebri on the Peel River in northern New South Wales.

The 1071ha Swanton and 759ha Menedebri are non-contiguous however are positioned near Somerton, 37km from Tamworth and 41km from Gunnedah.

A few of the 1830ha of combined farming nation has been owned by the Vickery household because the Eighteen Nineties.

The properties are being supplied by the Morgan and Benn households and embrace 849ML of water licences.

Swanton and Menedebri boast 7.3km of Peel River frontage and are used primarily for sheep, cattle, grain and fodder manufacturing.

The distributors have been operating a self-replacing breeding enterprise with a carrying capability of 1370 combined cattle or 1665 grownup equivalents, or 16,650 dry sheep equivalents.

Round 87 % of the property is arable with deep alluvial soils adjoining to the Peel River, in addition to pink and gray loams.

Located in a 615mm common annual rainfall space, water on Swanton and Menedebri is equipped by geared up bores linked to tanks and reticulated to troughs in all paddocks.

The properties are nicely fenced, with 6km of latest fencing put in within the final 5 years.

Swanton and Menedebri are being supplied as a single aggregation or as separate parcels through an expression of curiosity course of closing on October 10.

The sale is being dealt with by David Goodfellow from Koranui and Simon Fritsch from Agripath.

CQ breeding block lists for the primary time

A protected breeding block in Queensland’s Central Highlands is attracting robust enquiry from producers throughout the state eager to complement their ending nation.

The 3249ha Inexperienced Valley has been listed for the primary time by members of the Hoy household after 4 generations of possession.

Located close to Bogantungan, 100km west of Emerald, the nation options a mixture of native and improved pastures that may run 500 cows.

Brock Palmer from Ray White Rural stated after good rain in early July, the property is carrying a strong physique of feed that’s now haying off.

Located in a 660mm annual common rainfall space, Inexperienced Valley is watered by a number of dams, bores, seasonal creeks and a big lagoon.

Inexperienced Valley will likely be auctioned on October 6.

Bells offload central western NSW nation

Between $5.5 million and $6 million is anticipated for a combined natural livestock grazing and dryland farming enterprise in New South Wales’ Central West.

The 8419ha Wirchilleba is 53km north of Mount Hope and 111km south of Cobar.

It’s being offered by Phillip and Vanessa Bell who personal the large-scale cattle breeding property Cooplacurripa Station between Gloucester and Nowendoc in northern New South Wales.

The nation on Wirchilleba is described as extremely regarded comfortable grazing with the fertile soils rising quite a lot of natives together with copper burr, barley grass, cotton bush and clovers.

The property is carrying a very good physique of dry summer season grass, with winter herbages in abundance supporting 850 cows and followers.

The well-developed, open cropping nation is flat to barely undulating with heavy pink clay to sandy loams. There are 2633ha of combined natural dryland farming with 1200ha sown to lucerne.

Watered by eight dams, two bores and 9ML of water entitlements, Wirchilleba advantages from a 6km move from the Burthong Creek.

Will probably be auctioned on September 13 by Nutrien Russell Property & Livestock.

Western land lease sale will finish 95 years of possession

After 95 years of household possession, Mark McMullan is promoting the New South Wales Western Lands Lease Stoney Ridge as he heads in the direction of retirement.

The 3315ha, 50km south of Brewarrina and 150km north of Nyngan, are being offered naked of inventory and is more likely to obtain round $543/ha to $568/ha.

Described pretty much as good high quality nation, it contains 50 % medium to open timbered grazing with heavier gray and black soils adjoining the Bogan River.

The steadiness is extra naturally open with a helpful mixture of timbers, together with myall, whitewood, leopardwood and rosewood, with lighter gray to chocolate soils.

The nation grows a mixture of grasses and herbages and is rated to hold 1500 ewes or 150 cows in a mean season, or 2000 ewes or 200 cows in higher seasons.

Stoney Ridge has 4km of Bogan River frontage, a big waterhole that has by no means run dry, 4 dams and two lagoons.

Moree Actual Property agent Dianne Kelly is providing the property by on-line public sale opening on September 25 and shutting on September 28.

Formal tenders for CQ’s relisted Glendarriwell

The Prewett household’s versatile combined grazing and cropping operation in Queensland’s Central Highlands has returned to the market and is being supplied on the market by a proper tender course of.

The 3893ha Glendarriwell is located close to Anakie Siding, 42km south-west of Emerald, with round half of the property used for grazing and the open black soil downs used for dryland cultivation.

The grass nation and crop stubbles help a cattle breeding enterprise nevertheless forage crops may very well be planted for rising out weaner cattle to feedlot entry weights or taken by way of to completed slaughter ranges.

Glendarriwell is watered by 5 geared up bores and a dam supplying eight tanks and 7 troughs.

The formal tender is being dealt with by Greg Roberts from Frank Knight Agribusiness and closes on September 27.

Eyre Peninsula portfolio set to vary arms

Round $20 million is predicted for the Allen household’s portfolio of properties on South Australia’s Eyre Peninsula.

Spanning virtually 14,000ha throughout seven properties, the portfolio contains two distinct hubs – a 9240ha grazing block and 4572ha of farming land.

Yeltana Station is located 35km north-east of Kimba and is rated at 970 dry sheep equivalents.

Traditionally, Jason and Sonia Allen along with Trent and Laura Allen have run a combined operation of 5500 dorper ewes plus replacements, 100 cattle and 80 horses.

The cropping nation consists of six holdings – Wannamanna, Allen Park, Woolfords, Panitya, Wudinna East and Jasons Block that are positioned in Wudinna, Kyancutta and Panitya.

A few of the properties have been held by the Allen Household for as much as six generations, with Albert James Allen buying the primary property in 1911 and the household persevering with to accumulate properties over the previous 110 years.

CBRE Agribusiness agent Phil Schell is managing the sale through a two-stage expressions of curiosity marketing campaign closing on September 14.

Curiosity is coming from native farming households, out-of-district producers and city-based buyers.