Also in this week's rural property update: Rare Golden Triangle aggregation hits market after 70 years in one family, Carbon fund confirmed as buyer of $50m-plus Cobungra Station, Century-old Borrona Downs heads to auction as buyer interest builds and Premium irrigation-backed dairy hits market in the Goulburn Valley.
Improved seasonal conditions, resilient livestock markets and easing finance costs have strengthened confidence across Australia’s grazing property sector.
Although transaction volumes remain below the unprecedented activity experienced during the post-COVID rural property cycle, quality grazing enterprises offering secure water resources, productive pasture development and efficient operational infrastructure continue to underpin firm rural property values, according to the latest Herron Todd White Month in Review.
After a challenging start to 2026, widespread autumn and early winter rainfall has transformed sentiment across much of eastern Australia, restoring pasture growth, replenishing water supplies and easing pressure on producers who had been forced to supplement feed and reduce stocking rates.
The improved seasonal outlook has coincided with robust livestock markets, providing producers with renewed confidence and supporting demand for quality grazing assets.
Herron Todd White director Angus Ross said strong fundamentals across the cattle sector continued to support rural property values.
"The national cattle herd has largely stabilised following several years of rebuilding, while ongoing demand from major export destinations continues to underpin the beef sector," he said.
"From a valuation perspective, firm cattle prices continue to support breeding herd values, with quality genetics and productive performance becoming increasingly important determinants of value."
The sheep and lamb sector has also remained one of Australian agriculture's strongest performers this year, with reduced breeding ewe numbers and tighter supplies maintaining strong processor competition.
Improved seasonal conditions have encouraged producers to retain breeding stock in anticipation of continued favourable market conditions.
While the wool market has delivered mixed results, quality Merino wool has shown gradual improvement as supply tightens and international demand stabilises, with diversified mixed farming enterprises continuing to benefit from multiple income streams across livestock, wool and cropping.
Across the country, buyers remain discerning rather than speculative.
Mr Ross said well-developed grazing enterprises continued to outperform the broader market.
"While buyers remain selective and transaction volumes are likely to remain below the highs of recent years, quality grazing enterprises with secure water, proven productivity and efficient operational infrastructure are expected to remain the strongest performers across Australia's grazing regions," he said.
The report notes that premium breeding and finishing properties continue to attract strong enquiry in regions including New England, Central Queensland and South Australia, while marginal assets are receiving less attention as producers remain focused on risk management.
Mr Ross said the outlook for the remainder of 2026 remained encouraging.
"The outlook for the balance of 2026 across the Australian livestock and grazing sector remains positive," he said.
"Improved seasonal conditions, sustained export demand and resilient livestock markets are expected to continue supporting producer confidence and rural property values."
Size: 1,710ha
Location: Moree, NSW
Sale method: EOI closing on September 3 at 12pm (AEST)
Price guide: N/A
A rare opportunity to secure a tightly held slice of northern NSW's famed Golden Triangle has emerged, with the highly productive Tuncooey and Bonnie Doon aggregation coming to market after 70 years of continuous ownership by the Tattam family.
The 1,710ha dryland cropping enterprise, located about 42km north-east of Moree and 70km south-west of Goondiwindi, is being offered for sale by Expression of Interest, either as a whole or as two separate holdings.
Current owner Paul Tattam said opportunities to acquire land of this calibre in the region were few and far between.
"Tuncooey and Bonnie Doon represent a premier broadacre opportunity with deep, fertile soils, reliable rainfall, and well-maintained infrastructure,” he said.
“We look forward to passing the torch to new owners who recognize the incredible potential of this land.
"As a fourth generation farming family, it's certainly an emotional milestone to hand over the reins, but we hope the new owners experience the same pride and fulfillment that the Tattam family has enjoyed over the last 70 years on Tuncooey, Bonnie Doon, and across the entire district."
The sale marks the end of a significant chapter for the Tattam family, whose ties to the district date back to the 1890s when John Tattam established the historic Rosscommon property near Mungindi.
The family's footprint expanded across the Moree district over subsequent decades before Charles (Charlie) and Terence (Terry) Tattam purchased Tuncooey in 1957.
Neighbouring Bonnie Doon joined the family's holdings in 1987 following its subdivision, with Terry's sons, Charles and Paul, continuing to operate the aggregation today.
The family's agricultural legacy also continues into a fifth generation through an established commercial blueberry farm in Tasmania.
The aggregation comprises the 1,105ha Tuncooey and the 605ha Bonnie Doon, which operate within two kilometres of each other.
Around 1,539ha or 90 per cent of the landholding, has been developed for dryland cultivation, supporting a diversified cropping program of wheat, barley and chickpeas during winter and sorghum throughout summer.
The country features productive deep black, brown and red self-mulching clay soils transitioning to red earths, combined with generally level to gently undulating topography suited to broadacre cropping.
Productivity is further supported by the region's average annual rainfall of about 577.8mm.
Water security is provided by an Artesian bore, nine catchment dams and a shared entitlement in the Nee Nee Bore Scheme, while Bonnie Doon also boasts frontage to Mount Pleasant Creek and Gil Gil Creek.
Infrastructure across the aggregation includes a three-bedroom homestead, machinery and workshop shed, grain shed, shearing shed, cattle yards and eight silos with a combined storage capacity of about 640 tonnes.
Boundary fencing and 22 paddocks have been designed to support efficient machinery movement and large-scale farming operations.
Adding to the property's appeal is its colourful history.
Local anecdote suggests the name Tuncooey originated in the late 19th century when labourers clearing scrub spent the night searching for a missing companion named Tun, repeatedly calling, "We Tun cooey" — a story that has become part of the district's agricultural folklore.
LAWD director Simon Cudmore said the aggregation was expected to attract strong interest.
"The Golden Triangle remains one of the most desirable agricultural investment locations in Australia,” he said.
“Combined with the aggregation's scale, productive soil profile and established cropping history, we expect strong enquiry from corporate operators, agricultural investment groups and family farming businesses looking to expand within a tightly held region.”
Tuncooey and Bonnie Doon is being offered for sale by EOI closing on September 3 at 12pm (AEST).
Size: 31,292ha
Location: Cobungra, VIC
Sale price: More than $50 million
The buyer of Victoria's iconic Cobungra Station has been revealed several weeks after the landmark high country cattle property sold for more than $50 million.
Specialist carbon fund and asset manager Silva Capital, through its Silva Carbon Origination Fund, has entered into an agreement to acquire the 31,292ha property from ASX-listed Rural Funds Group.
Despite the change in ownership, Cobungra Station will remain a working cattle enterprise, with Silva planning to integrate native vegetation plantings into the grazing operation as part of a project under the Australian Carbon Credit Unit (ACCU) Scheme.
Current lessee Stone Axe Pastoral Company, which operates a Wagyu cattle business on the property, will continue running the cattle operation until March 2028.
Located near Omeo in Victoria's high country, Cobungra Station comprises 6,497ha of freehold land and a further 24,795ha of alpine lease country.
The property was brought to market in October last year and has a carrying capacity of 50,000 Dry Sheep Equivalents across 66 paddocks and holding pens.
Silva Capital said any revegetation would consist of permanent mixed native trees and shrubs established alongside continued grazing, rather than commercial timber plantations.
Existing native vegetation on the property will not generate new carbon credits, with ACCUs only available for eligible new carbon abatement activities.
The acquisition is Silva Capital's second major Australian cattle station purchase, following its $54 million acquisition of Cooplacurripa Station on the NSW Northern Tablelands in 2024.
The Silva Carbon Origination Fund has attracted significant backing from major investors, including Qantas, BHP and Rio Tinto, while Japan's largest power generation company, JERA, announced a $25 million investment in the fund earlier this year.
Size: 86.563ha
Location: Broken Hill , NSW
Sale method: AuctionsPlus auction on August 28, at 11am (AEST)
Price guide: N/A
A century-old western NSW pastoral holding renowned for its versatility and extensive infrastructure is set to go under the hammer later this month, with Borrona Downs Station to be auctioned online via AuctionsPlus on August 28.
The 86,563ha (214,338-acre) property, located about 135km east of Tibooburra and 135km north of White Cliffs, is being offered for sale by the Taylor family after more than 100 years of ownership.
Currently carrying more than 3,000 head of cattle, Borrona Downs is estimated to support around 20,000 dry sheep equivalents depending on seasonal conditions, while also harvesting about 5,000 rangeland goats annually.
Selling agent David Russell, of Nutrien Harcourts Cobar, said the property's greatest appeal was its ability to support a range of grazing enterprises.
"It's in good shape and also a very diverse property," he said.
"It suits itself for a sheep or cattle or goat operation."
The station features open grazing plains, expansive perennial lakes, productive creek systems and soft Mitchell and Flinders grasses, together with buffel grass, natural clovers and scattered mulga, rosewood and coolabah timber.
Outstanding water security is provided by nine equipped bores, two capped flowing bores, around 40 troughs, 16 seasonal dams and numerous creek waterholes, while extensive infrastructure includes a six-stand Sunbeam electric shearing shed, sheep yards capable of handling 8,000 head, cattle yards for up to 2,000 head, workshops, machinery sheds and staff accommodation.
Mr Russell said the improvements added further appeal for prospective buyers.
"It's got a very good, well-maintained aircraft hangar, a nice little cottage, a beautiful big woolshed and it's very well-watered and very well-fenced," he said.
The property also includes a helicopter hangar and landing pad, a modern self-contained cottage, accommodation for staff, and a large concrete slab in place for a homestead.
Buyer interest has already emerged from NSW, Queensland and South Australia, with inspections continuing ahead of the online auction.
Borrona Downs Station will be auctioned via AuctionsPlus on August 28, at 11am.
Size: 419ha (1,034 acres)
Location: Katunga, VIC
Sale method: Private Treaty
Price guide: $7.75 million-plus
A large-scale dairy enterprise in Victoria's renowned irrigation district has hit the market, with the owners seeking between $7,500 and $8,000 an acre for the highly productive holding at 462 Hayes Rd, Katunga.
The Agency Property Partner Jason Hicks is marketing the four-title property, which spans about 418ha (1,034 acres), with the rare opportunity to acquire adjoining land offering buyers the chance to further expand the operation.
Mr Hicks said the property's greatest strength was its exceptional water security, which underpinned its long history as a successful dairy and beef enterprise.
"It's got stock and domestic groundwater, but also a main backbone channel, on the number six channel, in that area,” he said.
“Katunga is well known for irrigation in this area, and the water supply from that main channel is very good. It's got a natural gravity fall off that channel for the land irrigation and good dairying country."
In addition to the Goulburn Murray Water Channel 6 backbone through four service points, two bores are connected to the Katunga Deep Lead to provide reliable stock and domestic water.
Renowned Cobram Sandy Loam and Moira Sandy Loam soils support productive lucerne, cereal fodder and pasture production, complemented by a natural flood irrigation layout and a central all-weather laneway for efficient livestock and machinery movement.
Infrastructure includes an operational 60-stand rotary dairy, a 26,600L milk vat with glycol cooling, silo and enclosed feed systems, a large breeding shed with more than 150 calf rearing bins, a five-bay machinery shed and lockable storage.
Mr Hicks said enquiry had been generated from local producers, corporate farming interests and buyers from Melbourne, Mornington and Canberra.
"Our vendor was still hoping for eight grand an acre, but we've accepted seven two and a half, so probably that $7,500 to $8,000 an acre you can promote," he said.
Expressions of Interest are now invited, with the property also available on a walk-in, walk-out basis by negotiation, including livestock and water entitlements.
Kylie Dulhunty is a journalist with more than 20 years experience covering everything from court to health. Today, Kylie loves nothing more than turning market trends, industry insights and epic property sales - residential, rural and commercial - into captivating stories.