Property

Diverse holdings in NSW, southern Qld on market

Linda Rowley, June 10, 2024

The Meadows and JK Aggregation is located west of Dalby and is for sale with 1570ML of water allocation. Photo: Eastern Rural, Dalby

THE BUNN family’s eastern Riverina property Coreena heads up the latest listings in New South Wales and southern Queensland.

Also for sale in NSW is Bogandillon in the Lachlan Valley, while Queensland offering include Totara between Goondiwindi and St George, and The Meadows and JK Aggregation west of Dalby.

Coreena, NSW

More than $40 million is anticipated for the Bunn family’s blue-ribbon mixed farming opportunity in the tightly held Eurongilly Valley region of southern NSW.

Coreena is expected to sell for more than $40M. Photo: LAWD

The 2029ha Coreena, 20km east of Junee and 45km north-east of Wagga Wagga, comprises adjoining properties: 1782ha Coreena and 247ha Binya.

Across the aggregation, around 1929ha, or 95 percent, is arable and growing dryland crops such as cereals, oilseeds and legumes, as well as running 5500 Merino ewes.

LAWD agent Danny Thomas anticipates strong interest from existing landholders seeking expansion opportunities, domestic and international corporate farming groups, institutional investors or high net worth individuals seeking a rural showpiece.

Vendor Olivia Skellern said various species of native trees have been planted on non-arable parts of the property to establish additional revenue streams.

“Regional Local Land Services advised us to plant 27,000 trees on hilltops across the properties to link wildlife corridors and secure biodiversity and future carbon credits.”

Coreena is offered with a 25-year carbon-credit project in place and at year one.

Water is secured by bores, dams, Mitta Mitta Creek frontage and access to the Goldenfields mains water scheme.

Infrastructure on the properties has undergone significant transformation, with improvements in water infrastructure, fencing upgrades and laneways greatly enhancing productivity.

Other improvements include three homes, a newly constructed five-bedroom worker’s accommodation/amenities/office facility, a six-stand shearing shed, sheep yards, containment pens, steel cattle yards, numerous sheds and 1150 tonnes of grain storage.

Coreena and Binya are being offered for $19,768/ha, as a whole or in parts via expressions of interest closing July 10.

There is scope to include the Merino ewes, fitted with EIDs, along with comprehensive flock records, in the sale.

Bogandillon, NSW

Bogandillon, in the highly productive Lachlan Valley of central NSW, has returned to the market with Ray White Rural for $4324/ha.

Owned by Lake Cargelligo’s Derek and Melissa Davis, the 3431ha property is situated near Fairholme, 35km south-east of Condobolin and 75km west of Forbes.

During their 11-year ownership, the Davis family has used the dryland cropping operation in conjunction with their other mixed farming properties.

They are selling Bogandillon to consolidate their assets.

Bogandillon has 1375ha planted to wheat and 500ha planted to lucerne, and is also running sheep and cattle. Photo: Ray White Rural

Around 2635ha, or 72pc, is arable and growing a range of crops, including wheat, barley and canola, on red loam to grey/black self-mulching clay soils and lakebed farming country.

The 2024 cropping program consists of 1375ha of wheat and 500ha of lucerne, with the owner running 350 cows and calves and 1000 ewes on agistment.

RWR agents Oscar Freeman and Paddy Ward are handling the sale of Bogandillon, which is being offered as a whole or in two lots; 1222ha with improvements and 1207ha without improvements.

Mr Ward described Bogandillon as one of the most renowned mixed-farming enterprises in the Condobolin/Forbes district.

“Currently operating as a large-scale sheep, cattle and cropping enterprise, it has the potential to become one of the powerhouse properties in central NSW.”

Mr Ward reports interest from locals, southern regions including Wagga Wagga and Albury, and corporates.

Water is supplied from the Euglo water scheme, 9km of Bogandillon Creek frontage, and 14 dams.

Improvements include a four-bedroom home, a worker’s cottage, sheds, steel sheep and cattle yards, a shearing shed and 165 tonnes of grain storage.

Totara, Qld

A versatile southern Queensland breeding and backgrounding property with farming potential is being sold by the Wells family after 16 years of ownership.

The 4028ha Totara is located 30km west of Talwood and 80km south-east of St George.

Recently, it has been leased and operated as a cattle-breeding venture, supporting more than 450 breeders on abundant buffel and native grasses.

Nutrien Harcourts agent Andrew Jakins said Totara would also suit a mixed-farming operation.

“The high-quality soils are suitable for both forage and cash cropping, with a significant portion available for potential cultivation.”

Totara has been run as a grazing operation and is suitable for mixed farming. Photo: Nutrien Harcourts

The gently sloping country has soft red soils in the belah, wilga and kurrajong hollows, which transition to red box and iron bark soils in the elevated areas.

Water is a feature at Totara, with a private artesian bore supplying water to the entire property.

Infrastructure includes a three-bedroom home, a five-bedroom shearers’ quarters, and steel cattle yards.

Expressions of interest for Totara close July 3.

The Meadows & JK Aggregation, Qld

A high yielding and productive irrigation and cultivation property in Queensland’s Western Downs region is attracting good interest from producers seeking water reliability.

The 598ha The Meadows and JK, 7km south-west of Dalby and 90km north-west of Toowoomba, are being sold by the Bremner family after around 40 years of ownership.

It is close to a number of major grain depots and cotton gins near Dalby, with several feedlots and piggeries located within 50km of the aggregation.

The 464ha cultivation area consists of 345ha of irrigation (243ha of flood irrigation and 102ha of lateral irrigation) and 118ha of dryland farming currently planted to barley.

The 134ha balance is grazing and support country.

Most of the country has slightly undulating, deep rich alluvial self-mulching black soils running down to Myall Creek flats.

The Myall Creek dissects the property supplying reliable irrigation water, supported by a bore and a dam.

There are 1570ML of nominal volume and 2550ML of volumetric limits including low and no flow access offered on The Meadows and JK.

Improvements include a three-bedroom home, numerous sheds, two cattle yards and 180 tonnes of grain storage.

Expressions of interest for The Meadows and JK aggregation close July 4.

Eastern Rural agents Andrew Kirtley and Roger Lyne are handling the sale.

 

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