September 30, 2023


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Motion on the Station: Current property listings

10 min read

THIS week’s property evaluation consists of this wrap-up of attention-grabbing current listings throughout the nation, and a separate article of just lately relisted properties of observe.

  • $65m for institutional grade asset in Victoria’s Western District
  • Scale and excessive rainfall in southern NSW tipped to make $50m
  • Coventry household lists two signature northern NSW holdings
  • Three NSW western division holdings provide range
  • New England grazing listed for $40m
  • $9.5m price ticket for New England’s Lindon
  • EOI for Hunter Valley’s Bundaleer

The Monbilibi Aggregation is being provided on the market on a walk-in walk-out foundation or as an entire or as two separate contingent belongings

$65m for scale in Victoria’s Western District

Greater than $65 million is anticipated for a turnkey institutional grade aggregation in Victoria’s famend Western District.

The historic Mondilibi Aggregation, comprising the adjoining 1805ha Mondilibi and the 1425ha Manooka, are situated 12km north of Mortlake.

The UK-based Down Ampney Company, which has aggregated Mondilibi for the reason that Nineteen Seventies, has determined to reposition its portfolio.

Throughout its possession, the corporate invested considerably into bettering pastures via soil amelioration and in depth annual fertiliser purposes.

It additionally redesigned the paddock format and laneway programs for larger pasture use and invested in genetics, water growth and nicely positioned purpose-built infrastructure.

The high-performing livestock manufacturing enterprise is working a 17,400 head composite ewe flock, along with 830 breeding cattle.

Nick Myer and Rob Rickard from Elders, who’ve been appointed to promote the 3230ha aggregation, mentioned Mondilibi is thought to be one of many Western District’s best funding scale belongings.

“It’s ideally positioned to key livestock and grain export pathways and underpinned by a wonderful pure useful resource base, with a substantial income stream because of be realised through the proposed Mt Fyans wind farm,” Mr Rickard mentioned.

He mentioned the aggregation provided purchasers a stand-alone funding or a invaluable addition to an current agricultural portfolio – with its excessive and dependable rainfall providing consumers geographic range.

Mr Myer is anticipating a powerful degree of curiosity from a spread of purchaser profiles together with native farming households to home and worldwide company and institutional buyers.

High quality working enhancements embody fashionable sheep and cattle dealing with amenities, a five-stand woolshed, in depth equipment, hay, sundry shedding and workshops, plus greater than 1000 tonnes of grain storage.

The aggregation additionally options the Mondilibi and Manooka homesteads and 4 workers residences.

The Monbilibi Aggregation is being provided on the market on a walk-in walk-out foundation or as an entire or as two separate contingent belongings (Mondilibi and Manooka).

The primary stage of the two-stage expressions of curiosity course of closes on July 5.


Scale and excessive rainfall in southern NSW tipped to make $50m

Producers in search of scale and excessive rainfall can safe 2775ha of extremely productive grazing and blended farming nation on New South Wales’ Southern Tablelands for round $50 million.

On provide are two neighbouring properties situated 22km from Yass and 91km from Canberra.

The 1342ha Warradale has been held by Alex and Angus Metcalfe since 2021.

LAWD director Col Medway mentioned the couple was promoting after securing a neighbouring property in Galong.

“The property has returned to market as a result of adjoining nation turned obtainable for the Metcalfe household at Galong. Promoting Warradale wasn’t on the agenda, with the distributors just lately establishing a model new four-stand shearing shed and yards,” he mentioned.

With a protracted historical past of cattle and sheep breeding, the undulating nation can comfortably help 12,000DSE and is well-appointed with match for function operational enhancements for each.

Warradale advantages from vital funding within the pasture base that features 790ha of improved native perennial grasses and clovers.

Located in a dependable non-seasonal rainfall space of 716mm, Warradale is supported by dams with in depth catchments and two creeks.

It’s being provided on the market by expressions of curiosity closing on June 8 and is anticipated to make greater than $19 million.

There’s alternative for extra scale, with LAWD additionally appointed to promote the neighbouring 1452ha property Killarney for $30 million.

The property is at the moment held by Will Kelly, nevertheless it as soon as fashioned a part of Merillea North whose earlier homeowners included the McWilliams Wines and Merriman households.

Round 1230ha is arable with prime quality, free draining purple granite soils which have been just lately sown again to pasture working 22,000DSE.

The standard structural enhancements had been undertaken by Mr Kelly eight years in the past and embody a brand new shearing shed, cattle yards, new laneways and water.

Col Medway mentioned the well-balanced blended farming nation would complement Warradale – with two prime quality operational hubs at both finish.

Angus cattle on Warradale

Coventry household lists two signature northern NSW holdings

After 40 years of possession, the Coventry household is promoting two extremely regarded northern New South Wales grazing belongings spanning virtually 5000ha.

The 2573ha Laura Station and the close by 2237ha Glanmire are 10km from Bundarra, 55km from Inverell and 65km from Armidale.

Held for the reason that mid-Nineteen Eighties, Laura Station was certainly one of a variety of New England properties acquired by the late fantastic wool grower Sperry Coventry.

During the last decade, the household has been divesting a few of its substantial agricultural belongings.

Laura Station is without doubt one of the area’s signature properties that was chosen in 1837 by William Smith.

Named after the Laura Creek which runs via the property, the gently undulating and open nation is appropriate for breeding, backgrounding and fattening cattle and/or sheep.

The property can carry round 23,000DSE or 2000 cows on a self-replacing foundation, nevertheless numbers may very well be lifted by altering the pasture species and grazing methods.

A lot of the nation is arable with the Coventry household enterprise a regime of pasture enchancment and fertiliser topdressing throughout their tenure.

The western fall nation is reliably watered by Laura Creek, quite a few dams and bores.

The close by 2237ha Glanmire is at the moment managed with Laura Station, nevertheless it may be operated as a standalone enterprise.

Like Laura Station, the nation is gently undulating and open with nicely grassed and nicely sheltered paddocks equally suited to turning off heavyweight weaners or backgrounding.

Glanmire options Gwydir River frontage, supported by the Two Mile Creek and a number of other dams.

Bruce Birch from Ray White Rural expects main household operators, corporates and semi corporates shall be drawn to the dimensions of the holding, which is tough to search out within the New England.

Laura and Glanmire Stations are being provided as an entire or individually through expressions of curiosity closing on June 9.


Three NSW western division holdings provide range

David Russell from Nutrien Russell Property and Livestock has listed three blended farming and grazing properties in New South Wales’ western division.


Extremely regarded, smooth candy heavy carrying nation on the Bokhara River is being provided on the market by Garrie and Rita Turnbull after 5 years of possession.

The 8935ha Bundabulla is an authentic soldier settlement lease block on one title located 50km north of Brewarrina in north-west New South Wales.

The Turnbulls bought the property through the drought for agistment and at the moment are promoting to enhance their different nation south of Brewarrina on the Bogan River.

Located in a 400mm rainfall space, the nation is usually flat open plains with fertile, heavy carrying gray and black soils.

Low mendacity areas develop Mitchell and coolah grasses, saltbush, bluebush, copper and jelly burrs, in addition to an enormous physique of clover and herbages in season.

Bundabulla is rated to hold 5539DSE or 0.62 DSE per hectare with the distributors working 3000 ewes plus 160 Santa cows and followers.

Water is equipped by a capped and piped bore that completely provides Bundabulla, 5km of twin frontage to the Bokhara River that gives seasonal flows, the Yamba Creek floodout system and 14 dams. Enhancements embody a six-stand shearing shed and metal sheep and cattle yards.

Bundabulla shall be auctioned on June 14.


After 4 years possession, Rowan Glover has listed his blended grazing and farming operation at Hermidale for $6.2 million.

The 4450ha Karinya is located 35km north-east of Nymagee and 85km south-west of Nyngan.

Throughout his tenure, Mr Glover has undertaken an enormous enchancment program together with new dams and yards and clearing fence traces.

Karinya is located on the headwall of the Whitbarrow Creek System which disperses throughout the property and gives helpful flooding.

Though the property has not been farmed this yr, round 3600ha is arable. Beforehand, the mild undulating purple loam soils have been sown to canola, wheat, barley, oats and barley.

It’s rising a big number of pure winter herbages that may help 3000DSE and is at the moment working 4500 Dorper ewes and followers.

Mr Russell mentioned Karinya options Dorper-proof fencing, good water and nice entry to the sealed Hermidale and Nymagee roads.

The 4450ha Karinya is located 35km north-east of Nymagee and 85km south-west of Nyngan.


After 46 years possession, the Currans household has listed the 3488ha Mangalore for $6.2 million after it did not promote at public sale.

Mangalore is located 19km south of Hermidale and 65km south-west of Nyngan – near the varied breeding and cropping aggregation Rewa which the Currans offered in March for $6 million.

The nation is undulating with smooth purple and chocolate soils and is closely grassed with pure pastures and good stands of buffel.

It advantages from the Whitbarrow and native creek flood out programs, in addition to 10 dams and a bore.

Aside from sheltered tree traces, many of the property is arable and clear, however has not been farmed for 5 years. Neighbouring properties are rising wheat and oats.

Mangalore is at the moment carrying an excellent physique of dry feed that may run 350 cows and followers and seasonal sheep however is presently destocked.

Enhancements embody a four-stand shearing shed, metal sheep and cattle yards, and a grain storage shed.

Mangalore is located 19km south of Hermidale and 65km south-west of Nyngan


New England grazing listed for $40m

A big-scale grazing alternative in New South Wales’ New England has returned to the market with a $40 million (naked) price ticket.

Ben Inexperienced from Elders, who’s dealing with the sale of Meldon Park, mentioned the seller’s expectations weren’t met following an expressions of curiosity marketing campaign that attracted institutional buyers and excessive internet value household operators.

The 5762ha property is situated at Uralla, near abattoirs and feedlots, in a extremely regarded and dependable (810mm to 865mm) rainfall area suited to each cattle and sheep breeding.

The holding has been aggregated by vendor John Kennedy over the previous 25 years and is at the moment run as a beef cattle buying and selling enterprise.

The seller estimates Meldon Park can carry round 2300 breeding cows turning progeny off as weaners or greater than 30,000 dry sheep equivalents. There’s potential to extend numbers with additional pasture growth.

The nation options principally broad valley flooring to softly undulating rolling hills rising ample feed. The soils comprise smooth granite and traprock with basalt outcrops.

The well-watered property enjoys a 7km double frontage to Honeysuckle Creek, a 4km double frontage to Morses Creek, quite a few different creeks and spring fed gullies and round 113 dams.

The fencing is described nearly as good to wonderful, with high quality structural enhancements.


$9.5m price ticket for New England’s Lindon

The Beynon household’s New England grazing property Lindon has been listed for $9.5 million after failing to promote at public sale.

Located close to Balala, 22km from Uralla and 46km from Armidale, Lindon is nicely located to make the most of any livestock markets.

Spanning 1696ha, the undulating grazing nation options principally granite soils rising improved and native grasses working 11,000DSE.

Previously, Lindon constantly turned off prime grass completed weaners and heavy lambs. It was additionally well-known for producing superfine Merino wool.

Water is a characteristic. There are 21 dams (a lot of that are spring fed), two bores (one outfitted) and entry to the dependable Honeysuckle and Morses Creeks.

The property is nicely fenced and subdivided into 30 paddocks permitting for a rotational grazing system.

Lachlan Cullen Ray White Rural mentioned Lindon affords the capability to additional enhance manufacturing.


EOI for Hunter Valley’s Bundaleer

Expressions of curiosity are being hunted for the remaining portion of the Higher Hunter Valley’s Bundaleer Portfolio.

The 764ha Bundaleer (homestead block) was certainly one of three non-contiguous grazing properties provided to the market final yr by Sydney-based vendor Dimitri Koureas, with two of the holdings snapped up inside weeks of itemizing.

The remaining block is situated at Greenlands, 28km north-east of Singleton. Supplied with an $8-$9 million worth information, it’s attracting sturdy curiosity from households in search of a rural life-style property near Sydney and Newcastle.

Located in a 700mm to 800mm annual rainfall area, the nation on Bundaleer ranges from arable valley flooring and creek flats to hilly grazing appropriate for breeding, backgrounding or ending 330 cows and calves and substitute heifers.

Fronting each the Campbells and Cross Creeks, Bundaleer has 31 giant spring fed dams, two close to new cattle yards and 20km of latest fencing.

The EOI marketing campaign, which closes on Might 31, is being dealt with by Michael Burke from McGrath Higher Hunter.

Fronting each the Campbells and Cross Creeks, Bundaleer has 31 giant spring fed dams, two close to new cattle yards and 20km of latest fencing.





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