Property Roundup: $60m-listed Paraway Pastoral station sold

2 April 2024
Pic: Supplied.
An article by  Alex McLaughlin

The 14,400ha Borambil Station, near Condobolin, NSW, has reportedly sold for an undisclosed price to a local farming family. 

The Weekly Times reported: “It is understood the Elias family, a local farming family based near Condobolin, has acquired the property, adding Borambil Station to its existing Central West farming interests.” 

Borambil Station’s vendor Paraway Pastoral Company is the manager of a portfolio of pastoral and cropping assets owned by Macquarie Asset Management. 

When Borambil Station was listed for sale last May it was expected to fetch about $60 million. 

It has primarily been used for Merino sheep and lamb production, as well as dryland and irrigated cropping. 

LAWD senior directors Col Medway and Danny Thomas handled the sale. 

Maranoa property doubles value in four years

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'Mount Lonsdale' features a five-bedroom homestead with an in-ground pool and a five-bedroom manager's residence. Pic: Supplied

The vendors of ‘Mount Lonsdale’, which fetched $20m at auction last week, have more than doubled their purchase price in just four years.

The 8147ha freehold property, located in the tightly held, Maranoa region in Queensland, sits 15km north of Mungallala, 60km to Mitchell and 150km from Roma.

The property sold to the Ziesemer and Moore families of Trifecta Charbrays, Taroom, for $2455/ha according to  Farmonline.

‘Mount Lonsdale’ was purchased by Peter and Shari Knudsen for $8.5m in 2020 after 73 years of ownership under the Douglas family.

‘Mount Lonsdale’ is said to have a carrying capacity of 1400-1500 adult cattle equivalents (2020).

In the tenure of Peter and Shari Knudsen commencing in March 2020, significant land management initiatives have been undertaken.

1,882ha has been blade ploughed, 720ha have been treated with 5,500kg of Grassland pellets, and 324ha have been stick raked, with an additional 1740ha pulled in 2023-24.

The property features diverse soils, including Soft Bottle Tree, Belah, and Brigalow scrub soils, interspersed with areas of red, sandy, loamy soils that support fast-growing pastures, offering year-round grazing options for livestock, with pastures comprising Buffel, Curly Mitchell, Bluegrass, native grasses, medics, and salines, depending on the season.

Water is reliably sourced from two artesian bores, supplying tanks, troughs, nine dams, and the Mungallala Creek. Pic: Supplied.

‘Mount Lonsdale’ is fully exclusion fenced, with two sides of the property government maintained wild dog barrier fenced.

An additional 23km of fencing has been completed between 2021 and 2024, consisting of four barbs and galvanised Clipex posts, and a comprehensive laneway system leading to well-equipped cattle yards for efficient stock management.

The modern cattle yards, built 10 years ago, include a large undercover area, cemented air-operated race and crush, Morrissey calf race, cradle, and five-way draft, with water troughs and sprays in every yard, plus a double-decker loading ramp for ease of access.

The property features a five-bedroom homestead with an in-ground pool and a five-bedroom manager's residence.

The sale was facilitated through Russell Jorgensen, Nutrien Harcourts GDL, Dalby.


2099ha Guyra aggregation for sale by EOI

The land across the aggregation is well-developed to support various farming opportunities including grazing, fodder and pasture production, sheep and cattle. Pic: Supplied.

More than 2099ha of prime New England sheep and cattle country near Guyra, NSW, has hit the market.

There is no price guide for ‘Spilsbury Family Farms’, a four-property aggregation, in the Wandsworth district, because it is being sold through a process of expressions of interest.

It is for sale either on a walk-in walk-out basis, including livestock, plant and machinery, or bare. There is also an option to keep the management team in place. Alternatively, the property can be purchased as individual holdings.

The aggregation was established in 1975 by Elders agent, the late Frank Spilsbury.

The estate includes the properties ‘Wiluna’ 537ha, ‘Keston Greenbank’ 1,164ha, ‘Strabanne’ 396ha, and ‘Warrawee’ 1.47ha, with the combined grazing, pasture, and fodder production that will support 12,000 to 18,000DSE.

The aggregation sits within a high-rainfall region with an average annual rainfall of 900mm to 1,050mm, with estimates of 167ha of creek flats on ‘Wiluna’.

The farms are well fenced with notable developments across the properties’ infrastructure including improvements to the shearing and machinery sheds, steel cattle yards, sheep yards and stables.

Accommodation includes a three-bedroom home on ‘Wiluna’, and a renovated three-bedroom, two-bathroom cottage on ‘Warrawee’. Pic: Supplied.

Marketing agent Richard Gemmell, of Elders Rural Services Australia, noted: “Rarely does a farming enterprise of this calibre present to the market as a whole or in its separate holdings with such versatility, operational efficiency.”

For sale by Expressions of Interest, closing Wednesday 1st May.

Richard Gemmell and Mark Atkin, from Elders Rural Services Australia, are handling the sale.


2500ha beef operation with strategic access to feedlots for sale

'Croydon Park' is a 150km commute to Dalby and the Roma Saleyards. Pic: Supplied.

'Croydon Park' is a 2,498ha versatile property specialising in beef breeding, backgrounding, and cropping, with potential for further expansion.

Situated in the highly sought-after Western Downs District near Meandarra, QLD, the property enjoys convenient access to key locations: 84km from Miles and 141km from St George.

Access to the property is via the Leichhardt Highway, ensuring all-weather accessibility, with a 150km commute to Dalby and the Roma Saleyards.

The property spans 2,498ha across three-freehold titles - 350ha has been dedicated to forage crops, with potential to expand this area up to 1,200ha.

Farmonline reports the property is being offered by the Curr family, with no price guide currently offered.

The carrying capacity is 1000 Adult Equivalents (AE).

Notably, 'Croydon Park' benefits from its short commute to industry-leading feedlots, enhancing its appeal as a top investment opportunity according to LAWD Director, Simon Cudmore.

“’Croydon Park’ has 10 of the top 25 Australian feedlots within a radius of 150km, so there’s no shortage of marketing options to make this a great beef backgrounding operation,” Mr Cudmore said.

The property boasts a guaranteed water supply from a permanently flowing artesian bore and receives reliable annual rainfall of 572mm.

The property features a diverse mix of pastures including Buffel grass, Rhodes, Purple Pigeon, Bambatsi, Bluegrass, and native legumes, complemented by dryland cropping on predominantly grey, self-mulching, cracking clay soils.

The property consists of 14 main paddocks and a laneway system connecting centrally located cattle yards, facilitating streamlined livestock movement.

Infrastructure highlights include an airstrip, cattle yards, three silos, and a machinery shed with a three-stand shearing shed equipped with water and power connections.

The property features a four-bedroom timber homestead with a double carport, satellite, and wireless internet access.

'Croydon Park' is available for sale via expression of interest closing May 3, 2024.

Simon Cudmore and Grant Veivers of LAWD, are handling the sale.


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