Property

Southern NSW listings offer range in size, soil types

Linda Rowley, May 27, 2024

The Gundary Aggregation is located 11km south of Junee and covers 1907ha. Photo: Inglis Rural Property

THREE southern New South Wales holdings are on the market and offer a range of mixed-farming opportunities and soil types.

Gundary Aggregation

Around $30 million is anticipated for a quality mixed farm in the Eastern Riverina region.

Aggregated over 36 years by long-time locals David and Kerry Fife, the 1907ha Gundary Aggregation is situated 11km from Junee and 28km north-east of Wagga Wagga.

Around 90 percent of the productive and versatile mixed-farming country is arable with heavier red and brown clay loams that have high natural fertility and perform well in the 550mm annual-rainfall zone.

Suited to cropping of cereals and oilseeds, as well as sheep and cattle, the vendors are currently producing prime lambs, winter cash crops, and fodder and hay.

Around 655ha are sown to wheat, canola and barley, with the balance running a high-performing 2500-head first-cross flock.

Historically, the property has carried up to 9000 Merino ewes crossed with Border Leicester and Dorset rams, with a current carrying capacity of 23,500DSE in addition to the cash cropping rotation.

During the Fife’s tenure, management has been conservative leaving scope for the incoming purchaser to increase production through dual-purpose cropping and further capital investment, allowing for an estimated carrying capacity of 26,000DSE.

Inglis Rural Property agent Liam Griffiths said the sale represents one of the most significant regional holdings to be offered in recent times.

“The Gundary Aggregation is likely to attract large investment groups seeking to secure an aggregation of high quality, consistently performing farming assets, or is equally attractive to local landholders and family operators looking to secure additional scale.”

Water is supplied by a bore and 22 dams.

The Gundary Aggregation consists of:

  • 627ha Lochiel, near Harefield, is 93 percent arable and has a five-bedroom home, a three-bedroom cottage, a four-stand shearing shed and four silos.
  • The adjoining 714ha Myrnong is 78 percent arable and comes with sheep and cattle yards and two sheds.
  • 478ha Girrawheen, also near Harefield, is 98 percent arable and offers sheep yards, a shed and five silos.
  • 87ha Aerodrome Lane, located near Yathella, is 97 percent arable.

The Gundary Aggregation is being offered for sale as a whole or as four separate assets via a two stage expressions of interest process closing on July 4.

Killarney

Merrian McDonnell is seeking offers around $8M for her productive grain-growing property featuring expansive open paddocks in New South Wales’ Riverina.

Killarney has been held by her late husband’s family for four generations, and is being sold to allow her to retire.

The 1674ha holding is located in the Buddigower district, 25km south-west of West Wyalong and 100km east of Griffith.

Featuring red loam soils, 95 percent of Killarney is arable, with gently undulating creek flats and gentle rises suitable for broadacre farming.

Miller and James agent Angus McLaren said the grain farm is “ready to go”  for the 2025 cropping season.

“Given the stage in the current season, the vendor will consider giving the incoming purchaser the remainder of 2024 to prepare the properties for the 2025 cropping season, with settlement in Feb 2025,” Mr McLaren said.

“Interest is likely to come from farmers in the eastern and southern Riverina looking to upscale their operations with more affordable country.”

Killarney is located 25km south-west of West Wyalong and comprises two adjoining farms. Photo: Miller and James

The property comprises two adjoining farms, the 987ha Killarney and the 687ha Strathaven.

Killarney has eight dams, a three-bedroom home, a shearing shed, steel sheep yards, numerous sheds and two silos, while Strathaven has 10 dams, a three-bedroom home, a shearing shed, sheep yards, numerous sheds and four silos.

Killarney is available to purchase as a whole or individually.

Glensloy

After more than 120 years of ownership, commercial woolgrower Jim Gordon is selling the family’s productive mixed farm.

The 1082ha Glensloy is located near Memagong, 9km west of Young in the tightly held Hilltops district of the south-west slopes region.

The lamb, wool and beef production powerhouse has been conservatively managed and is currently running 2000 ewes, 1500 lambs and 100 cattle.

Around 981ha is arable, with winter cropping under way on 248ha of red to sandy loam soils.

Elders agent Rachelle Barnett was unable to offer a price guide but said local sales are exceeding $7000/ac.

“Glensloy is attracting widespread inquiry, mostly from locals with some interstate interest as far as South Australia.”

Ms Barnett said the property offers carbon-credit opportunities.

“Chemicals haven’t been used on the property for 20 years and recent soil tests show an impressive average 5.4pH level and excellent organic carbon levels.”

Watered is secured by 15 dams, some spring fed, seven bores and Stoney Creek frontage.

Infrastructure includes a seven-bedroom circa-1906 home, two three-bedroom homes, numerous sheds, 100 tonnes of grain storage, cattle yards, a seven-stand shearing shed, and steel sheep yards.

Glensloy will be auctioned on June 14.

 

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