Property Roundup: TCV buys Kerang land for transmission project

Transmission Company Victoria (TCV) has signed an unconditional contract of sale for a property located near Tragowel, approximately 12km south of Kerang.

TCV reports the 360-hectare site is proposed as the location for a new terminal station required as part of the VNI West transmission project, to build a new transmission line between Victoria and New South Wales.

“Construction on this site cannot commence until all appropriate environmental and planning approvals are obtained, and would not begin before 2026,” a TCV spokesperson said.

“The proposed Tragowel terminal station is yet to be designed but the initial footprint is likely to be less than 20% of the available land, with dimensions around 300m x 800m leaving considerable areas of open space.”

A broad range of environmental and technical assessments will be conducted through the planning and project assessment phase, commencing later this year.

If the property is deemed to be an unsuitable location for the terminal station, the site can be sold.

Tightly held Queensland country on offer

A 1123-hectare grazing property in the tightly held Western Downs region of Queensland has come onto the market.

Bambatsi is the dominant introduced pasture; solidly established on 75% of the area with scattered bambatsi over the balance of the property, which receives an average annual rainfall of 600mm.

Water is a feature on the property with a permanent dam constructed in Forks creek adjoining an existing dam has capacity of some 30ML, as well as eight service dams, and a series of tanks, water points, troughs and rainwater storage.

The property has 10 paddocks, all with water available, as well as a recently renovated three-bedroom timber home.

Nutrien Harcourts Queensland’s Ross Murray said the property would appeal to astute cattle farmers.

“This outstanding grazing property with excellent stands of bambatsi, secure water and quality improvements will not disappoint,” he said.

The property will be sold on AuctionsPlus on February 15.

McWilliam makes bold move with vineyard purchase

David McWilliam has acquired 95 hectares – about half of the Pokolbin-based Black Cluster vineyard – for $4.25 million and created a new wine brand called David McWilliam Wines, The Australian Financial Review has reported [paywall].

Mr McWilliam is a fifth-generation member of one of Australia’s best-known winemaking families.

The original company collapsed and was sold three years ago to Calabria Family Wines and the Rich List Medich family.

The new company will reportedly be run only by members of Mr McWilliam’s immediate family.