A VICTORIAN family has paid $11.75 million for the 3115ha Glendale in central NSW, while Talkook in the state’s south has listed after being passed in.
The Victorian-based Coburn family will relocate to central western New South Wales after paying $11.75m for Trundle’s Glendale.
Aggregated over 130 years by the Drenkhahn family, the 3115ha farming and grazing operation comprises four adjoining holdings: 1214ha Glendale; 837ha Kilmarnoch; 738ha Cardungle, and 327ha Moira.
The sale included more than 1160ha of canola, lupins, wheat and barley, which Nutrien Harcourts agent Ainslie Toole described as a drawcard for the incoming purchaser.
“It provided the Coburns with instant cash flow, as well as mostly new lucerne pastures on the balance of arable country.”
Ms Toole said the sale price was in line with expectations.
“The family, who still hold country in Victoria, view NSW’s Central West as considerably better value, providing both scale and versatility.”
Situated in a 500-525mm rainfall area, 2428ha of the holding is arable and has well-drained red loams with some heavier red clay loams growing wheat, barley, canola and lupins.
Around 800ha of established lucerne is currently feeding 2000 ewes and lambs, and the aggregation has previously run up to 6000 sheep.
Water on Glendale is supplied by 49 dams and the Kadungle Creek.
The infrastructure includes two homes, two woolsheds, two steel sheep yards, one which can hold 2000 head, a grain shed, and 20 silos with 1200t of storage.
A Wakool riverfront mixed-farming operation in southern New South Wales’ Riverina region has failed to sell at auction, passing in on a vendor’s bid of $7.75M.
The 2023ha Talkook is a cropping, irrigation and livestock operation, 13km south-east of Wakool and 46km west of Deniliquin in a district which enjoys a 400mm average annual rainfall.
When it was listed for sale in September, Elders agent Matt Horne was anticipating Talkook would achieve around $8M.
Mr Horne is now working with interested parties in the hope of securing a deal.
The vendor, Albury-based Summit Agriculture listed the property for sale to consolidate its portfolio.
The country is generally flat with mostly grey clay loams suitable for a broad range of farming pursuits, including summer and winter cropping and beef, fine wool and prime lamb production.
The 1092ha of river country has been destocked and features rich grey alluvial soils renowned for its ability to grow bulk grasses, trefoil and various medics for breeding and finishing livestock.
The broadacre holding has highly productive grey clay loam soils with around 930 arable hectares.
The 2023 winter cropping program spans 887ha of canola, wheat, barley and oats, with the vendors to commence a summer program of 115ha of rice.
The 526ha of modern irrigation comprises a centre pivot spray, laser-levelled flood irrigation with recycle systems, and 130ML and 200ML equipped storage dams, in addition to the Porthole lagoon.
Described as a droughtproof holding, Talkook has access to other water sources including Murray Irrigation Limited channels and escapes and unregulated and regulated licences, including a 262ML extraction licence.
The property also benefits from frontages to the Wakool River and the Porthole Creek.
Improvements include a four-bedroom home, a four-stand shearing shed and adjoining yards, new steel cattle yards and a grain complex with 2900t capacity.
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