Sylvania, Lilydale, Noorongong among NSW listings

Linda Rowley, September 18, 2023

Sylvania Aggregation covers 3480ha and is suited to cattle, sheep, and summer and winter cropping. Photo: Inglis Rural Property

THOSE looking to invest or expand in mixed farming in New South Wales have some option to consider with three of this week’s offering: Syvlania Aggregation, Lilydale, and Noorongong.

Sylvania Aggregation, Gunnedah

One of the largest contiguous landholdings in the renowned Gunnedah-Boggabri region of northern NSW is expected to make north of $20 million.

The 3480ha Sylvania Aggregation is situated 29km from Boggabri and 49km from Gunnedah.

The area is well known for reliable winter and summer rainfall, an optimal growing climate for promoting grass growth and fattening cattle, fertile soils, and versatile and arable country.

The high rainfall grazing and cropping operation was purchased in November 2021 by the Tumut-based Stoney Property Group for around $13M from MHPremium Farms, owned by rich-lister and UK-based hedge fund manager Sir Michael Hintze, after five years’ ownership.

The Stoney Property Group cited consolidation and capitalising on the district’s recent strong sales as reasons for offloading the holding.

Sylvania is located 30km from the historic Plumthorpe Aggregation which earlier this year made $125M WIWO, including 6100 head of cattle and a significant list of plant and equipment.

A valuation made on a land and buildings basis was $108M or $9580/ha improved and $9238/ha ex-structures.

A calculated carrying capacity of 4650 cows selling off weaners or 69,750DSE reflected $23,226/cow area or $1548/DSE improved.

Around 88 percent , or 3079ha, of the aggregation is arable and growing 1450ha of wheat, with the balance perennial pastures that can carry an estimated 22,000DSE.

It is currently running close to 800 mixed cattle including 340 breeders, but previously was fattening 8000 sheep, trading 500 head of cattle and cropping 500ha.

The largely heavy black soils on the southern portion of the holding have a high-water holding capacity, consisting of mostly chocolate self-mulching clays rising to red loam soils.

Situated in a 570mm average annual rainfall region, the property is watered by four bores, wells, dams and the Bayley Park and Bollol Creeks.

Two recently installed reticulation systems cover much of the aggregation.

Extensively developed, the improvements include two cottages, numerous sheds, 12 silos with a capacity of 880 tonnes, two cattle yards, a three-stand shearing shed and sheep yards.

Inglis Rural Property and Elders Gunnedah believe the productive capability and lack of available opportunities in the region will ensure strong enquiry and market participation.

The Sylvania Aggregation is being offered for sale via expressions of interest closing on October 26.

Lilydale, Burcher

One of the premier holdings in the Burcher district of central NSW is being offered for sale by the Clemson family for the first time in more than 50 years.

The 2390ha Lilydale is located near West Wyalong and is being offered with a price guide of between $10.9M to $11.5M, or $4571/ha to $4818/ha, including 445ha of cereal crops.

Around 90pc is arable, with the vendors managing the property as a wool, lamb, beef and cropping enterprise.

The mostly flat to gently undulating country features strong red loams to productive soft grey clays growing around 450ha of wheat, barley and oats.

The balance is grazing country rated to run four sheep to the hectare.

Pending the sale of Lilydale, the vendors are also offering two adjoining blocks,  1130ha Glenview and 780ha Newhaven, for sale by negotiation.

Lilydale is offered with 445ha of crop. Photo: Nutrien Harcourts West Wyalong

Lilydale is watered by 23 dams, the Humbug Creek and more than 100,000 litres of rainwater storage in a 450mm average annual rainfall district.

The infrastructure includes a four-bedroom home, various sheds, a five-stand shearing shed and steel sheep yards.

Will Dean from Nutrien Harcourts is handling the sale.

Noorongong, Forbes

A $7.5M to $9.5M bare price guide is being offered for a cropping and livestock operation in the Lachlan Valley of central western NSW.

The 835ha Noorongong is situated 12.5km south of Forbes, close to GrainCorp’s Red Bend silos grain receival depot and the Central West Livestock Exchange.

Aggregated over three decades, the property has been remotely managed by the Manildra-based vendors who are selling to consolidate the family’s agricultural portfolio in the Central Tablelands.

In 1996, the family purchased the main portion of the property from the previous owner after 47 years’ ownership. meaning there have been two owners in the past 75 years.

Johnston Rural Group agent Sam Johnston said Noorongong has been considerably improved over the past 27 years.

“The focus has been on improving soil fertility and health, refining on-farm drainage, producing high yielding cereal and oilseed crops, and turning off top-quality livestock.”

Around 90pc of the country is arable with fertile soils with a strong top-dressing history.

Noorongong is currently running 500 Merino ewes with lambs at foot together with a cropping program that consists of 480ha of wheat and 186ha of canola.

Water is supplied by 550m of Bundaburrah Creek frontage, five dams and eight bores, underpinned by a 525mm average annual rainfall.

Mr Johnston said there are several pockets of remnant timber making the property ideal for biodiversity ventures and carbon offsetting.

Mr Johnston believes the property will attract attention from corporates and family farming operators due to its location and ability to generate returns in the first six months.

Improvements include a homestead, a hay and storage shed and a small set of sheep yards, along with 3km of new fencing.

Noorongong is being offered for sale as a whole or as three separate parcels by expressions of interest closing on October 23.

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