Coreena South covers 2029ha in the Eurongilly Valley east of Junee. Photo: LAWD
AMONG holdings on the market in New South Wales are Coreena South, the Thuin Park Aggregation and Mascotte Farm, and the Phillips family’s Castle Hill at Baldry.
Coreena South
Around $25 million is anticipated for the remaining portion of the Bunn family’s premium mixed-farming opportunity on the south-west slopes.
After 30 years of ownership, the family listed adjoining properties 1782ha Coreena and 247ha Binya in June, with hopes of raising more than $40M.
The 2029ha holding is situated in the tightly held Eurongilly Valley, 20km east of Junee and 45km north-east of Wagga Wagga.
Following an expressions-of-interest process run by LAWD agents Danny Thomas and Elizabeth Doyle, a local producer is understood to have paid more than $14M for the 247ha Binya block, and 468ha carved off the Coreena holding.
Coreena South is a well-developed mixed farm being offered for sale by the Bunn family. Photo: LAWD
The remaining 1314ha Coreena South is being offered for sale by EOI closing October 18.
Benefitting from fertile soils, 1163ha, or 89pc, is arable and growing cereals, oilseeds and legumes, as well as running 3000 ewes.
Coreena South has access to the Goldenfields mains water scheme, groundwater and numerous dams.
Improvements include a five-bedroom home, a three-bedroom cottage, a new five-bedroom workers’ dwelling, a six-stand shearing shed, sheep yards, sheds, and 1150 tonnes of grain storage.
During the first marketing campaign, vendor and dual Olympian equestrian Olivia Skellern nee Bunn said various species of native trees had 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.
Thuin Park Aggregation
Widespread inquiry is being received for the highly productive eastern Riverina’s Thuin Park Aggregation which is expected to achieve more than $15M.
The 1306ha property is 14km from Rand and 65km from Corowa, and is being sold to finalise the estate of James Ralston.
The portfolio comprises the adjoining 954ha Thuin Park, home to most of the improvements, the 411ha Fairbank, 628ha Websters, and 254ha Bellevue.
Featuring quality red loam soils, the property is mostly a cropping enterprise but also runs sheep and cattle.
Elders agent David Gittoes said part of the Thuin Park Aggregation has been held by the Ralston family for more than 100 years.
“The Rand area is tightly held and properties of this scale rarely come to market.” Mr Gittoes said.
“The price guide ranges from $11,500-$12,737/ha, with the aggregation offered as four non-contingent portions.”
The Thuin Park Aggregation is watered by 29 dams and is in a 550-575mm rainfall district.
Improvements include a five-bedroom home, a shearing shed, sheep and cattle yards, sheds and grain silos.
The Thuin Park Aggregation is being sold by expressions of interest closing on October 31.
Mascotte Farm
North of $7M is anticipated for a large scale, shovel-ready irrigation property with Wakool River frontage in the Riverina.
The 1245ha Mascotte Farm is located near Kyalite, 14km from Tooleybuc and 36km from Balranald.
Suited to cereal and cash crops, as well as permanent plantings including nut trees, citrus, and vines, the property has a history of cereal cropping and potato production.
Purchased by a horticultural and almond grower in the Sunraysia region for development and expansion, the company has since secured a large parcel of land closer to home.
Mascotte Farm. Photo: Elders
Elders Real Estate agent Marty Deacon said Mascotte Farm offers scale, diversity and approval ready irrigable land.
“The property is suited to larger family operations or corporates seeking expansion.”
Around 1245ha is arable and consists of red sandy and loam soils, a small area of slightly heavier grey soils, and 64ha of riverfront grazing.
There are numerous centre pivot sites, an open channel water supply and a 38ML water licence.
Infrastructure includes two homes, sheds, an unequipped four-stand shearing shed and a 50-tonne silo.
Currently leased until the completion of the 2024 cereal growing season, allowing access in January 2025, the Mascotte Farm is being offered for sale by expressions of interest.
Castle Hill
Well-known NSW stud Merino breeders, the Phillips family, have reduced the price of their premium mixed-farming portfolio to $14M.
Steve, Liz, Sam and Georgia Phillips operate a large-scale grazing enterprise across a number of holdings in the Harden, Yass, Monaro and Gundagai districts, including the highly regarded Yarrawonga Merino Stud.
The 1758ha Castle Hill Aggregation is located 8km from Baldry, 22km from Yeoval and 44km from Parkes in the state’s Central West.
Comprising three holdings, Castle Hill, Mountain View and Fairy Mount, the aggregation was offered for sale in July 2023 for $18M.
At the new price of $14M, LAWD senior director Col Medway described Castle Hill as the cheapest, best-value grazing and farming property in NSW.
Castle Hill in the Baldry district of central NSW is being sold by the Phillips family.
Equally suited to any combination of dryland cropping and livestock breeding and grazing, Castle Hill currently produces feeder steers, prime lambs, mutton, wool, cereals and oilseeds.
Dual-purpose crops such as oats, canola and wheat are an important part of the enterprise mix.
Rising from creek flats to gently undulating grazing land, around 1424ha, or 80pc, is considered arable for cropping or direct drilling of pastures.
Currently, 725ha has been sown to improved perennial pastures and 200ha developed to grazing crops, including oats, canola and lucerne.
The balance comprises productive native perennial grass and clover pastures capable of running 16,000DSE.
Significant areas are also suitable for development to cropping and/or improved pastures.
Vendor Steve Phillips said Castle Hill is a standout operation.
“It boasts a reliable 650mm annual rainfall throughout the year and has strong red soils with around 80 to 90 percent arable, so you can do pretty much anything with it,” Mr Phillips said.
Mr Phillips said there is also potential to further increase productivity with greater fertiliser use or the development of grazing land to farming.
“A moderate elevation of 440m above sea level provides an excellent climatic base for winter crop and improved pasture production.”
During the past 22 years, the family has installed extensive fencing, renewed sheep yards and cropped wheat, oats and canola.
Water is supplied from two bores, supported by 42 dams and almost 6km of Rocky Ponds Creek frontage.
An extensive Landcare tree planting program in the 1990s has enhanced the landscape and provides protection for livestock.
Improvements include multiple residences, including a seven-bedroom home and a five-bedroom home, 300t of grain storage, two shearing sheds, sheep and cattle yards, and numerous sheds.
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