Property

WALT Portfolio, Gairdner farm for sale in Great Southern

Linda Rowley, May 9, 2024

The WALT Portfolio features excellent improvements across both its operational hubs. Photo: Elders

TWO holdings in Western Australia’s Great Southern region, the 5595ha WALT Portfolio, and the Wilson family’s 1355ha farm at Gairdner, are for sale.

Around $50 million is anticipated for the WALT Portfolio, which has brought together five cropping and grazing farms in a sought-after, high-rainfall region of WA.

Aggregated over 11 years by European-owned and Melbourne-managed First Australian Farmland, the WALT Portfolio is being offloaded to allow the vendors to focus on other investments.

Considered a large-scale offering for the region, the holding is located 65km north-east of Albany, and is suited to canola and cereal cropping and cattle and sheep production.

The WALT Portfolio comprises two operational hubs around 12km apart: the 1017ha Gidget and 1035ha Range Montana near South Stirling, and the 999ha Wimbush, 978ha Tagliaferri, and 1564ha Goodhope near Green Range.

Arable area covers an estimated 3937ha, with seeding already under way on 2772ha.

The 2024 cropping program consists of 1162ha of canola, 1035ha of barley and 575ha of wheat.

Also suited to livestock production, the vendors have been running 9000 sheep.

The WALT Portfolio has been running 9000 sheep as well as growing canola and cereals. Photo: Elders

Elders agent Simon Cheetham said as a result of their close proximity to the South Coast and 620mm of average annual rainfall, the farms benefit from a mild climate, with a very low frost risk, and minimal days of heat stress.

“It is an ideal acquisition for farmers or investors looking to increase their footprint in a reliable, tightly held, generational farming location,” Mr Cheetham said.

Across the aggregation, water is supplied by three bores, dams and rainwater tanks holding 275,000 litres.

Infrastructure includes two homes, a five-stand shearing shed, modern steel sheep yards, confinement feeding facilities, numerous sheds, meticulous fencing and 562 tonnes of grain storage.

Expressions of interest for the WALT Portfolio close on May 28.

Wilsons’ farm lists

After 32 years of ownership, Neil and Loris Wilson have listed their farming country in WA’s Great Southern region for $8.3M.

The 1355ha property is unnamed, and is situated on the South Coast Highway in the productive cropping area of Gairdner, 11km north of the CBH grain terminal and 23km south of Jerramungup.

Growing canola, wheat and barley on 890ha of arable country, the property is perched high on the slightly undulating landscape with well drained, strong to medium soil types.

Previously, the property ran sheep.

Neil and Loris Wilson’s farm at Gairdner is for sale for $8.3M. Photo: Raine & Horne

Raine & Horne agent John Hetherington reports good local and corporate inquiry.

“While the infrastructure is dated but useable, the farming land is exceptional and has only experienced one frost due to its proximity to the coast.”

Situated in a 450mm average annual rainfall region, the property is watered by several dams and rainwater tanks.

Infrastructure includes an older three-bedroom home and shearing shed, sheep yards and numerous sheds.

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