Property

Torrumbarry, NW NSW holdings amid latest listings

Linda Rowley, February 12, 2024

Torrumbarry includes 1887ha of irrigation. Photo: LAWD

RECENT weeks have seen a number of quality eastern Australian properties hit the market, including the relisted Torrumbarry Farms Aggregation.

Torrumbarry Farms Aggregation, Victoria

A large-scale irrigated mixed farming opportunity in northern Victoria, underpinned by significant water entitlements, has returned to the market for more than $50 million after failing to sell by expressions of interest.

The Torrumbarry Farms Aggregation is situated in the Loddon Mallee region, adjacent to the Murray River and 16km from Echuca and 62km from Deniliquin.

Owned by Australian Fresh Milk Holdings, the 4031ha property was offered to the market in July last year with expectations of $60M plus.

During its ownership, the aggregation has been extensively development to enhance production and maximise cropping efficiencies.

Harvesting winter crop on Torrumbarry. Photo: LAWD

Located in a 427mm annual rainfall region and benefiting from fertile soil types and natural drainage, Torrumbarry Farms is currently growing wheat, barley, canola, silage and fodder crops to support a dairy heifer-raising platform.

Almost half, or 1887ha, is irrigated, with 1111ha under centre-pivot/lateral-move irrigation and 776ha of laser-levelled flood irrigation.

The aggregation has 1636ha of dryland cropping, with the balance being grazing, remnant vegetation, and support land.

There are 2113ML annual water entitlements from the Murray and Goulburn rivers, supported by multiple on-farm water storages totalling 1350ML.

The improvements are described as high quality and include machinery and hay shedding, 450 tonnes of grain silo storage, and nine homes.

Future growth opportunities include potential for development to horticulture and high value cropping pursuits (permanent crops, viticulture and annual cropping).

LAWD agents Danny Thomas and Erica Semmens have been appointed to sell the Torrumbarry Farms Aggregation which is being offered for sale by expressions of interest closing February 29.

Guildford Aggregation, NSW

Brothers John and David Oats and families are offering the Guildford Aggregation in north-western NSW, with one of the blocks held by the family for five generations.

The 5560ha aggregation is situated near Boomi and comprises three holdings – the adjoining 2049ha Guildford and 1995ha Castlevilla and the nearby 1526ha Boronga.

Around 2674ha are arable with 1825ha fallow for the winter crop, but Moree Real Estate agent Terrence Adams believes around 3600ha could be farmed.

The Guildford Aggregation at Boomi is for sale with 824ha of sorghum in the ground. Photo: Moree Real Estate

The country features alluvial brown or grey clays and black loam soils timbered with coolibah, river red gum, western grey box, belah, weeping myall and river cooba.

Water is secured by frontages to the Boomi and McIntyre River, the Boomi and Boomi East capped and piped schemes, 45 tanks and troughs and a 150ML water licence.

Situated in a 525mm average rainfall area, Guildford has already received more than 300mm since October.

Improvements include two four-bedroom homes, a five-bedroom cottage, numerous sheds, three cattle yards, quality fencing and five silos with 365t of grain storage.

Guildford is being offered as a whole or as separate assets with expressions of interest closing on February 29. Around 824ha of sorghum are included in the sale.

Aberfoyle Aggregation, NSW

The large-scale, well improved Aberfoyle Aggregation in the state’s far north-west has returned to the market after receiving 200mm of rain this summer.

Located 34km south of Goodooga and 110km north of Brewarrina, the 15,271ha Aberfoyle Aggregation comprises three adjoining holdings: 6744ha Aberfoyle, 5213ha Julievale and 3314ha Pt Leander.

The Moree Real Estate listing last changed hands in 2018 when a local farming family purchased it from Newcastle-based David and Sue McMaster after their 35 years of ownership.

Aberfoyle offers scale in the Goodooga district of north-west NSW. Photo: Moree Real Estate

Two thirds of the operation comprises level black soils, with the remaining third red chocolate soils.

Around 2400ha is arable and growing winter crops.

Situated in a 400mm rainfall region, the properties receive beneficial flooding to the black country and are dissected by the Birrie River, Yamba and Little Yamba Creeks.

This is supported by 44 tanks and troughs fed by piped bore and dam water.

The country features Mitchell, coolah, neverfail, blue and Flinders grasses conservatively running 1000 sheep and backgrounding 800 steers.

Previously it has run 13,000 sheep and 300 cows or 1500 cows, plus 2000ha cropping sown to cash crops or feed.

Improvements include two four-bedroom homes, numerous sheds and dwellings, two five-stand shearing sheds, steel sheep and cattle yards, four silos with 822 tonnes of storage and 11km of new exclusion fencing.

The Aberfoyle Aggregation is being offered for sale via expressions of interest closing March 7.

Inverlaw Aggregation, Qld

A high-income producing protein operation in Queensland’s South Burnett will be auctioned on February 15.

The Inverlaw Aggregation, comprising two holdings, is well located, close to Kingaroy, and is being run as a multi-site pig-breeding operation with scope to increase production.

Aussie Land & Livestock agent James Bredhauer believes the aggregation has potential to earn a sustainable income.

“The incoming purchaser could continue the current operation as breeding units, convert it into farrow to finish, or use it as a grow-out pork facility,” Mr Bredhauer said.

“In addition, the scale of Inverlaw allows for a cattle or cropping business to run in conjunction with the piggery.”

Inverlaw near Kingaroy is going to auction this week. Photo: Aussie Land & Livestock

Inverlaw is a 93ha property 15km south-west of Kingaroy and licenced for 3500 SPU.

Most of the country is contoured ex-cultivation with red soils and sandy clay loams with 8ha of black soil flats and watered by a bore and four dams.

Infrastructure includes a three-bedroom home with views across the Stuart River and to the Bunya Mountains, workers accommodation, numerous sheds, a piggery, steel cattle yards and silos.

The 3.15ha Trouts Rd, Crawford is situated 9km from Kingaroy and is currently run as a farrowing operation licensed for 3500 SPU.

Watered by bores and a 16ML Stuart River licence, the infrastructure includes a farrowing shed and feeding and watering systems.

 

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