The HFE Aggregation is being offered for sale by the Hancock family. Photo: Ray White Rural

IN SOUTH Australia, recent activity in the Eyre Peninsula property market includes the listing of the HFE Aggregation and the sale of O’Kiltabie, and in the Murray-Mallee, Turners Well has sold locally.

HFE Aggregation

The Hancock family is selling its large-scale continuous-cropping portfolio on SA’s Eyre Peninsula.

The 2429ha HFE Aggregation is located 11km south of Lock and 69km north of Cummins, close to major grain-receival sites at Lock, Cummins, Lucky Bay, and Port Lincoln.

Situated in a 300-350mm average annual rainfall districtm, it comprises four non-contiguous but nearby holdings.

Ray White Rural agent Daniel Schell said there has been good early inquiry from locals wanting to expand and producers seeking geographic diversity.

The flat to undulating country has sandy loam soils over clay that typically grow wheat, barley canola and lentils.

Each of the four properties has been fenced into large paddocks with long easy runs allowing for efficient cropping, with most of the aggregation deep ripped over the past two years.

• 611ha Shangri-La: circa-1930s five-bedroom home, three-stand shearing shed, sheep yards, numerous sheds, and eight seed silos;
• 571ha Abilene: a circa-1930s three-bedroom workers’ residence, and a shed;
• 537ha Kings: a circa-1950s two-bedroom workers’ residence, two-stand shearing shed, sheep yards, and two sheds; and,
• 709ha Teraleah: three sheds.

“The HFE aggregation offers a strong history of sound management with a well-respected local farm manager implementing a best practice continuous cropping program over the past five years,” Mr Schell said.

The HFE Aggregation will be auctioned on March 25.

The properties can be purchased as a whole, with the option for walk-in walk-out with machinery, or in individual lots.

Turners Well

Several generations of Zadow family ownership has ended, with a local farmer securing Turners Well in South Australia’s Murray-Mallee for expansion.

The 1643ha historic mixed farm is located near Perponda, 16km north of Karoonda, and 62km from Murray Bridge, east of Adelaide.

Nutrien Harcourts agent Andy Edwards was unable to disclose the buyer or the price paid but said the sale was in line with price expectations.

“Turners Well attracted good interest from locals and neighbours and value-driven New South Wales farmers priced out of other higher-rainfall areas.”

Turners Well at Perponda has sold locally. Photo: Nutrien Harcourts

During the marketing campaign, Mr Edwards described Turners Well as an easily run property, providing buyers with an opportunity to add significant value with some simple renovations.

“The mostly sandy loam soils have been conservatively farmed and rationalising the 11 paddocks would be a quick value add for croppers.”

While the focus has been on sheep, 1518ha is arable and could grow wheat and barley.

Watered by a bore and supported by 339mm of rainfall a year, infrastructure includes a home, a three-stand shearing shed, sheep yards and numerous sheds.

Turners Well was part of a stock route, and features a disused watering point, along with several old buildings.

O’Kiltabie

An independent environmental enterprise has purchased a mixed farm near Mount Wedge on Eyre Peninsula.

The 3340ha O’Kiltabie was offered to the market in October last year as an investment or expansion opportunity.

O’Kiltabie on the western EP has sold to an independent environmental enterprise. Photo: Elders

It was sold following an expressions-of-interest process handled by Elders agent Luke Duncan, who was unable to disclose the buyer or the price paid.

Suited to cropping and livestock, O’Kiltabie is located 53km north-east of Elliston on the EP’s west coast.

At the time of sale, it was growing 282ha of wheat and barley, with the balance running sheep.

O’Kiltabie is watered by three windmills and a solar bore in a 300mm average annual rainfall region.

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