Nunkeri-Loch Lomond, Yarrawong sell locally

Linda Rowley, July 11, 2023

Recent seasons have produced big crops on Nunkeri and Loch Lomond south of Walgett. Photo: Moree Real Estate

THIS week’s properties sold features two New South Wales aggregations, one located in the Walgett district and another near Trundle.

Nunkeri, Loch Lomond

A neighbour has paid around $30 million for a north-west New South Wales cropping aggregation, ending a three-year partnership by three Victorian farming families.

The 5015ha Nunkeri and Loch Lomond are situated 58km south of Walgett and 65km north of Coonamble, in a tightly held region known to offer value for money.

Moree Real Estate agent Terry Adams was unable to disclose the buyer or the price paid, however when the adjoining properties were listed in February they were offered with a $6000/ha price guide.

Mr Adams described the result as ‘very good’ in the current market, with locals showing the strongest interest.

The 3325ha Nunkeri and 1689ha Loch Lomond were purchased in 2020 by Wandattah Ag after identifying their strong production potential and relatively low cost to operate.

Partner Will Cooper told Grain Central the north-west NSW rural property market offered opportunities that didn’t exist in Victoria at the time.

“The scale, fertile soils and low cost of production model were attractive and also, we had a good knowledge of the area.”

The investment proved successful for the partnership who leased the aggregation to other growers to manage through three positive seasons.

Nunkeri and Loch Lomond feature fertile self-mulching black soils with some red loam country suited to growing summer and winter crops including wheat, chickpeas, sorghum and canola.

Located in a 450mm average rainfall area, it was offered with a full moisture profile which the incoming purchaser has recently taken advantage of.

There is a capped and piped bore on both holdings that also services three other neighbouring properties.

Nunkeri and Loch Lomond feature 4275 tonnes of grain storage in 16 silos, a 10,000t bunker, a number of residences, a machinery shed, a workshop, cattle yards and a three-stand woolshed.

Yarrawong Aggregation

A Condobolin farming family has paid $11M, or $5575/ha bare, for the Yarrawong Aggregation in the Central West of NSW.

Located 15km south of Trundle, the 1973ha merino sheep and cropping enterprise comprises seven adjoining holdings.

Allawah Glen, Montana, Ferndale, Yarrawong, Ellenvale, Mountain View and Windywah were aggregated over 20 years by Tim and Jenny Webb.

Most of the red loam country is arable and timbered with kurrajong, box gum and pine.

Yarrawong in the Central West of NSW has been running sheep and growing crops. Photo: Ray White Rural

At the time of sale, Yarrawong was running 7000 Merino sheep and growing more than 800ha of lucerne.

Lupins, wheat and barley have also been grown in the past.

Situated in a 470mm annual average rainfall area, Yarrawong is watered by two bores and numerous dams.

Improvements include a three-bedroom house, a four-stand shearing shed, two sheep yards and a machinery shed.

Paddy Ward from Ray White Condobolin handled the off-market sale of Yarrawong.


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