Separate Galong, Dulacca sales net $44M

Linda Rowley, June 30, 2023

The Argyle aggregation at Galong has been split up and sold to two local parties. Photo: Miller & James

A PRODUCTIVE breeding, finishing and cropping aggregation in southern New South Wales has been split up and sold for in excess of $33 million.

The 1708ha Argyle is situated near Galong, 15km south-east of Harden and 40km north-west of Yass, and features open undulating grazing and farming paddocks.

Located in a reliable 600mm rainfall area, 90 percent of Argyle is arable, and grows canola, wheat and barley.

It is one of the last cropping properties before the townships of Binalong and Yass, where the country is mostly used for grazing.

During the marketing campaign Argyle was offered with a $19,000-$20,000/ha ($8000/ac) price guide.

Agent Angus McLaren from Miller & James was unable to disclose the sale price, which he described as a strong result, saying good agricultural assets were still making very good money.

“The Argyle aggregation is a high-calibre property that was extremely well maintained by owners Max and Roz Graham, who are retiring after around 60 years’ ownership.”

The aggregation comprises two standalone properties:

893ha Argyle: Sold to Steve Phillips, Yarrawonga Merino stud, Harden. Features frontage to Rocky Ponds Creek. Mostly granite-based brown loams. Improvements include a six-stand shearing shed, all steel sheep and cattle yards, several machinery sheds, two bulk grain storage sheds and 320t grain silos. Watered by an extensive system of dams and creeks, two fully equipped bores and a Golden Fields Water connection.

815ha Green Gables: Sold to neighbour Angus Metcalfe. More than 95pcent arable. Improvements include a shearing shed, sheep and cattle yards, several sheds and 300t seed silos. Watered by dams, a semi- permanent creek, two equipped bores and a Golden Fields water connection.

Myalla and Glenvale, Qld

Dulacca’s Pye family has paid close to $10M for an ideal balance of farming and grazing country on Queensland’s western downs.

The 1013ha Myalla and 300ha Glenvale are about 2km apart, and situated 6.5km north of Dulacca and 50km north-west of Miles.

Myalla sold to Richard Pye and family for $8.35M and Glenvale was purchased by Josh Pye for $1.635m.

Agent Owen Brockhurst from Nutrien Harcourts GDL described the $9.985M sale price as higher
than expected.

The country features quality soft self-mulching, reddish belah soils and darker soft brigalow soils that can grow both summer and winter crops.

Almost 700ha of previously cultivated country are carrying good stands of buffel across both properties.

Glenvale features Back Creek frontage, with both properties watered by nine dams.

Silos on Dulacca properties Myalla and Glenvale. Photo: Nutrien Harcourts GDL



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