Property Roundup: Riverina aggregation changes hands after 105 years

30 April 2024
An article by  Alex McLaughlin

The Woorilla Aggregation, located in the NSW Riverina Plains, has successfully sold via AuctionsPlus for a combined total of $9m plus, ending the 105 year tenure under one family.

The aggregation consists of three properties; ‘Woorilla’ 4,577ha, ‘Tarrawonga’ 2,904 ha and ‘Walkers’ 2,092 ha, with a combined figure of 9,573ha.

All three properties were successfully purchased by three independent Australian buyers. The auction attracted 88 online bids with six active online bidders present.

Inglis Rural Property exclusively presented the sale and interfaced the auction through AuctionsPlus.

The trio of properties were purchased for:

  • ‘Woorilla’ = $5.175m
  • ‘Walkers’ = $2.05m
  • ‘Tarrawonga’ = $2m

The aggregation is located 38km from Hillston on the Riverina Plains, the parcel has dual frontage to both the Lachlan River (5km) and Merrowie Creek (10km).

With an estimated carrying capacity of 3,500-4,000 Merino ewes and followers, and history of strategic cattle trading and fattening, the property offers a solid foundation for agricultural productivity.

The aggregation is positioned adjacent to irrigated cotton and wheat fields, almond orchards, and intensive cropping operations, with scope for further development. The soil profile consists of red loams and clay-rich vertosol cracking soils.

Secure water infrastructure includes six wind and solar-powered bores. The property holds an 8ML stock and domestic water license, a 972ML General Security River Lachlan River water license, as well as approval for 221ha of cultivated irrigation.

Selling agents Sam Triggs and Hamish Cooke of Inglis Rural Property handled the sale.

 

75,000ha Packsaddle property listed for the first time in 75 years

The wetlands occupy a significant portion of the station, offering unique natural capital attributes of environmental significance. Pic: Supplied.

‘Pulgamurtie Station’ a 74,634ha mixed grazing enterprise located in the Western Division region of NSW, 235km northeast of Broken Hill has been offered for sale by expressions of interest. The property is being offered by the Roberts family after 75 years of ownership on a walk in-walk-out basis, .

The property is suitable for both cattle and sheep with a long term sustainable carrying capacity of 17,000 to 20,000 DSE.

The property comprises a diverse range of land systems including stony undulating land transitioning to tableland plains with heavier loam soils, vegetated sandhill country in addition to the expansive lake and creek systems.

Colliers National Director Jesse Manuel said “Pulgamurtie Station is an attractive breeding and backgrounding property and would operate well as a standalone enterprise or suit a larger supply chain business”.

“The property is well located for the widespread sourcing and marketing of livestock, being centrally located to a range of renowned livestock regions including the Channel Country, Riverina and South Australia’s pastoral region,” Mr Manuel said.

Mr Manuel believes with the abundant feed at present, the property would serve well as depot for cattle coming out of the northern regions for backgrounding on route to southern markets.

“There are significant value-add opportunities at Pulgamurtie such as increasing productivity through further development of water infrastructure and fencing in the northwest part of the property, and the possibility of cropping on the lakes country, subject to necessary approvals,” said Colliers Head of Agribusiness, Rawdon Briggs.

Pulgamutrie Station’ is home to the largest lake in the bioregion Pic: Supplied.

The homestead complex is located 26km east of the Silver City Highway and features a five-bedroom homestead, workers’ accommodation, workshop, airstrip, loading yards, and operational plant and equipment.

Operational infrastructure includes four sets of stock yards. Water is sourced across the property via 14 water points of mostly dams and one permanent flowing bore.

Having been run very conservatively in recent years, the property offers abundant feed at present.

‘Pulgamurtie Station’ expressions of interest will close on Thursday 13 June 2024.

Selling agents Jesse Manuel and Rawdon Briggs of Colliers Agribusiness are handling the sale.

 

Northern NSW ‘Fattening Factory’ sold for $28m plus

Jackson Agriculture has completed the sale of their 1504-hectare property named 'Lakeside' near Walcha, NSW.

Armidale-based Jackson Agriculture has sold a parcel of their New England property portfolio after the 1,504 ha ‘Lakeside’ was initially passed in at a bid of $28.1m on April 24 via an online auction.

The deal was made post-auction, with an underbidder offering a currently undisclosed amount. However, it is believed that a grazier from northern NSW has purchased the property for a price exceeding the $28.1m bid it was initially passed in at, according to the Weekly Times.

The property, located 30km south-east of Walcha, is positioned within the coveted "golden triangle" of the New England region.

The holding’s carrying capacity is 30,000 to 35,000 DSE with estimates of carrying 1,500 to 1,750 cows, fattening 3,000 steers/year, or backgrounding 4,500 steers/year.

The vendors Jackson Agriculture have a portfolio of properties across the New England region, advocating their production of high-quality beef is indicative of their high-quality pastures.

“The quality of our pasture helps us grow cattle from 350kg to 625kgs within a 12-month period, given a good season,” according to Jackson Agriculture.

‘Lakeside’ pastures support weight gains of approximately 0.8-0.9kg/day support annualised gains of 300kg/head.

The holding is watered by spring-fed creeks travelling through 19 paddocks and 60 dams in a 1000mm rainfall region.

The property is subdivided into 57 main paddocks with three laneway systems all leading to the main undercover ‘all steel’ stock yards.

Recent improvements to the property include a four-bedroom home, steel cattle yards, a near new six-stand shearing shed, sheep yards and a shed.

Chris Meares and Sam Meares of Meares & Associates handled the sale.

 

Liverpool Plains property hits public market for the first time since 1800s

'Tuwinga' is situated on the edge of the Liverpool Plains at Bundella, at the foot-slopes of the Liverpool Range. Pic: Supplied.

Mixed cattle and cropping enterprise 'Tuwinga’ (2287ha), located within the Liverpool Plains region of NSW, is being publicly offered for first time since its settlement by the Traill family in the mid-1800s. The vendors, the Mooney Pastoral Company, are offering one parcel of their 6740 ha Liverpool range region portfolio.

The property is located 88km west of Quirindi, 125km southeast of Tamworth and 429km north of Sydney. Situated at the foot-slopes of the Liverpool Range, the terrain consists of black self-mulching soils combined with contoured, elevated basalt country.

‘Tuwinga’ has operated as a cattle breeding enterprise in addition to high yielding summer and winter grain and oilseed crops.

Over 60% of the property is farmed, with pasture rotations since 2019 including both winter and summer crops predominantly sewn to wheat, oats, canola and sorghum.

While recent stocking rates has been dependent on farming rotations, the properties carrying capacity is estimated at 12,500-13,000 DSE or 850-900 breeding cows as a dedicated grazing enterprise.

‘Tuwinga’ has a history of achieving high results in the Premer Shield, including a second place in 2024 for a sorghum crop yielding 10.5 tonnes per ha. Pic: Supplied.

The property is well-watered by 8.2 km frontage to Tamalie Creek, with an additional four bores, reticulated tank and trough system, dams and spring fed gullies.

Notable infrastructure includes 23 main paddocks plus smaller holding paddocks all well fenced, alongside a 600 head capacity steel cattle yards with a covered concrete working area.

Accommodation includes a four-bedroom homestead, a four-bedroom manager's residence with two additional quarters, and a two-bedroom cottage.

‘Tuwinga’ will be auctioned by Elders in Willow Tree on June 13.

Ben Green and Chris Malone of Elders Real Estate Tamworth are handling the sale.

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