Property: Carbon project potential on offer and Wagyu breeders snap up $66m station

7 August 2025
Tumbledown, a 955.54ha holding in the tightly held Peak View district, has hit the market. Pic: Supplied
An article by  Kylie Dulhunty

Each week, we take the pulse of rural property, from sales data to who’s making headlines. Check out this week's report from Kylie Dulhunty.

Monaro grazing property with carbon project potential hits the market

Size: 955.54ha

Location: Snowy Monaro region, NSW

Sale method: EOI closing September 24 at 1pm (AEST). Also on AuctionsPlus, with buyers to register in advance.

Price Guide: About $1.5 million

A scenic and versatile grazing property in the Snowy Monaro region of NSW has hit the market, offering a rare combination of productive land, water security, and carbon project potential.

Colliers Agribusiness is marketing Tumbledown, a 955.54ha holding in the tightly held Peak View district, just 40km east of Cooma and 150km south of Canberra.

The property is being offered for sale via EOI closing September 24 at 1pm (AEST). Also on AuctionsPlus, with buyers to register in advance.

It has a price guide of about $1.5 million.

Set across 14 freehold titles, the property features a diverse mix of undulating timbered grazing land and untouched remnant vegetation, with granite outcrops and natural beauty making it suitable for both agricultural and lifestyle pursuits.

Located in a 700mm rainfall zone, water security is supported by creeks and rainfed catchment dams.

Tumbledown’s environmental credentials add further appeal.

A preliminary carbon assessment has identified about 230ha of cleared land with potential for environmental planting. If the full area proves suitable, the project could sequester up to 125,000 tonnes of carbon.

“Land values in the Snowy Monaro region have more than doubled over the past five years,” Adrienne Harvey, Associate Director, Agribusiness at Colliers, said.

“A key driver has been the growing interest in carbon projects, attributed to the region’s favourable soil types and vegetation communities.

“Tumbledown presents a compelling opportunity for buyers looking to capitalise on this trend.”

The property has an estimated carrying capacity of 1,000 to 1,350 dry sheep equivalents (DSE), suitable for running sheep, cattle, or goats.

Infrastructure includes extensive new fencing, a three-stand shearing shed, steel cattle yards, machinery shed/workshop, grain silo, and a cottage.

“The Peak View location offers both seclusion and accessibility, with proximity to Canberra making it ideal for a rural escape or lifestyle investment,” Nick Warmington, Executive, Agribusiness at Colliers, said.

“The property's natural features and preliminary carbon assessments suggest potential for environmental and recreational diversification.”

Tumbledown is expected to attract interest from graziers, investors and lifestyle buyers and also holds a dwelling entitlement.

Taylors Plains 1

Wagyu beef giants snap up Queensland station in $66 million deal

​​Size: 34,000ha

Location: Central Western QLD

Sale price: About $66 million

Wagyu producers Peter and Jane Hughes have added another major asset to their cattle empire, acquiring the 34,000ha Taylors Plains property in central western Queensland for about $66 million.

Located about 100km north of Mungallala, between Charleville and Roma, Taylors Plains has been developed over more than 20 years by sellers Noel and Jo-Anne Chiconi into a high-quality, Wagyu-focused operation.

The property can carry around 6,500 head of cattle and fatten up to 900 bullocks annually.

It includes extensive infrastructure, with fencing, water systems, cattle yards and accommodation described as being in top condition.

“The incoming buyer will need to spend virtually nothing on the property – the fencing, waters, cattle yards and accommodation are all in A1 condition, and Taylors Plains is in a highly regarded ‘safe’ area with an average of 605mm of annual rainfall,” Mr Chiconi told AuctionsPlus when the property was listed.

“We have been breeding Wagyu cattle since 2014 and turn off Wagyu feeder steers that do very well on the dense stands of buffel supported by native grasses. Our decision to sell has not been taken lightly, but it’s time.”

The Hughes family, one of Australia’s most prominent names in the cattle industry, owns and operates Hughes Pastoral Co, Georgina Pastoral Co and Nebo Beef.

They manage around 200,000 head of cattle across properties in Queensland, the Northern Territory and northern NSW.

Taylors Plains adds to an already significant portfolio that includes the landmark 2021 purchase of the 438,000ha Miranda Downs Station in Queensland’s Gulf of Carpentaria for more than $180 million, one of the largest pastoral deals in the country’s history.

The sale of Taylors Plains was handled by LAWD agents Col Medway and Grant Veivers.

“Taylors Plains will not require a cent to be spent by the successful buyer because they will be walking into a sophisticated cattle operation backed by guaranteed water, abundant pasture and top-notch infrastructure,” Mr Medway said when the property was listed.

Killara

Grain country grazing property draws interest ahead of auction

​​Size: 4,500ha

Location: Western Plains, NSW

Sale method: AuctionsPlus online auction, August 13, at 11am

Price Guide: N/A

A well-located mixed grazing and farming property in NSW’s Western Plains is attracting solid interest from both local and Victorian buyers ahead of its upcoming auction.

The 4,500ha holding, known as Kallara, sits just 12km south of the Barrier Highway in the sought-after Hermidale region, roughly midway between Nyngan and Cobar.

Currently running 3,000 sheep on agistment, Kallara offers a versatile mix of grazing and farming country, with about 1,200ha of former cultivation and 240ha fallowed following a 2024 crop.

The country comprises undulating red loams, pine box flats, and areas of mallee and kurrajong timber, interspersed with natural herbages, edible scrub, and native grasses.

Nutrien Harcourts Cobar Principal David Russell said the property’s location and infrastructure make it an appealing opportunity.

“It’s well-positioned in that grain triangle in the Western Hermidale area,” he said.

“It’s only just off the main sealed road to Hermidale or to the Barrier Highway. So it’s got good access.

“It’s got a comfortable home on it and good, self-contained workers quarters.”

Improvements include a three-bedroom homestead with new carpet, ducted reverse-cycle air conditioning, and an enclosed verandah, plus four-bedroom workers’ quarters with ensuites.

The property is also equipped with a large machinery shed, a 25-tonne cone bottom silo, and secure fencing across 15 paddocks.

Water is supplied via eight dams and multiple rainwater tanks, with underground power servicing the home and amenities.

Kallara is estimated to carry around 4,000 dry DSE and has also been running 200 breeding cows and followers on agistment.

The property is scheduled to go to online auction through AuctionsPlus at 11am on August 13, if not sold prior.

Glenullin

Historic Central Victorian farm Glenullin hits the market for first time in nearly 140 years

​​Size: About 178ha

Location: Tooborac, VIC

Sale method: Private treaty

Price Guide: $2.4 million to $2.6 million

For the first time since the 1890s, the pioneering family behind Glenullin is parting ways with their beloved farm, offering a rare opportunity to secure about 178ha (440 acres) of prime countryside in Tooborac, Victoria.

Glenullin is on the market for $2.4 million to $2.6 million, through Jason Woodford-Smith of Raine & Horne Gisborne.

Located at 1335 Dairy Flat Road and just 90 minutes from Melbourne, the property is nestled on the edge of the Macedon Ranges, boasting sweeping views across Lake Eppalock and the surrounding countryside.

“This makes the property ideal for those seeking a peaceful rural lifestyle with serious agricultural potential,” Mr Woodford-Smith said.

“Whether you’re searching for a beautiful family home, a weekender, an established farming enterprise, or all three, Glenullin represents a once-in-a-generation opportunity to secure an exceptional piece of Central Victorian countryside.”

The property includes a contemporary three-bedroom residence built in 2011, designed with wide verandahs, open-plan living, and a seamless indoor-outdoor entertaining space.

Another standout feature is the restored original settler’s cottage.

“The original settler’s cottage has been beautifully replicated, staying true to its original character – it also offers a rare glimpse into the past,” Mr Woodford-Smith said.

“It is really an outdoor entertaining space, with an original IXL fireplace. It’s lovely and rustic.

“The settler’s cottage is positioned on the original site that the family built in the 1890s and the verandah roof has provided shelter for the place where many of the family descendants were born in the 1890s onwards. It is steeped in history and charm.”

Equipped with nine paddocks, two cattle yards, 11 dams and three spring-fed creeks, the farm currently runs 250 head of cattle when conditions allow.

Buyer interest has been strong from local farmers, lifestyle seekers, and tree changers alike.

“This is a fantastic opportunity to run a cattle operation, vineyard, or horticultural business,” Mr Woodford-Smith said.


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.


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