From Holbrook to Lockhart, southern New South Wales is well and truly in the spring selling season, with a number of renowned aggregations hitting the market across the region this week. Read on to see what’s been listed.
Holbrook farms set to make over $25 million
Above: Maybank and The Pinnacles are situated just five kilometres apart. Image: LAWD.
Two premier grazing properties north of Holbrook have been listed for sale, with price guides suggesting the holdings could fetch a sum in excess of $25 million.
Situated just five kilometres apart, the 443-hectare Maybank and 649ha The Pinnacles properties are being offered for sale by LAWD as either a 1,092ha, non-contiguous aggregation or as separate assets via private treaty.
Approximately 80% of the total holding has been developed with high performance pastures, while a fertiliser and liming program has been employed to optimise soil health across the two properties.
A total of 27 dams and numerous bores means there is a reliable supply of water available across both Maybank and The Pinnacles, which have an enviable average annual rainfall of 717 millimeters.
Maybank also features a four-bedroom, three-bathroom homestead, and comprehensive infrastructure for cattle enterprises is in place across both holdings.
Riverina family property listed for first time since 1920s
Above: the Day family's Quamby aggregation near Lockhart, NSW. Image: Domain.
Held in the Day family since the 1920s, Lockhart’s historic Quamby aggregation [Paywall] has been listed for sale as the owners look to draw their near-100-year tenure on the property to a close.
Run as a 100% dryland cropping enterprise since the 1990s, the aggregation is located within the Riverina district’s prime cropping belt, just 8km from the Lockhart township and 65km to the city of Wagga Wagga.
A focused approach to sustainability alongside profitability has been applied to the holding over the years, with full destocking for soil health, full stubble retention and phosphorus mapping some of the management practices implemented on Quamby over the past 25 years.
In total, the aggregation comprises six parcels of land, including Yirri (844ha), Quamby (673ha), Glenroy (387ha), Kurrajong (269ha), Glen Ivy (250ha) and Drummonds (129ha). All properties are situated in close proximity to each other, comprising a total 2,556ha.
While no price guide has been offered for the holding, the aggregation is expected to match or exceed district values, with interest already received from interstate buyers.
Offered for sale privately, the holdings can be purchased as one aggregation or as separate parcels of land.
Market movements
South Gippsland’s Wonthaggi region has cemented its status as the richest farmland postcode in Australia with the recent sale of a 42-ha Inverloch block [Paywall] for a staggering $1.7 million, or $16,505 per acre.
Currently, 85 young cattle are being run on the block, which features no home but includes a propagation nursery with three hothouses. The sale of the property follows a string of other stellar sales in the region, with another small grazing property in the region recently selling for over $18,000 per acre.
Above: the Mills family's Minnieburn Springs. Image: Ray White Drouin.
Meanwhile, in West Gippsland, the Mills family’s 121ha farm and robotic dairy [Paywall] has been sold for $5 million, or $16,667 per acre.
Located less than 15 minutes from both Warragul and Drouin, Minnieburn Springs features two sets of stockyards, steel framed calf sheds and a licensed 20 megalitre irrigation dam alongside its robotic dairy, fitted with four GEA milking robots.
The Mills family have been operating Minnieburn Springs for more than 70 years, with a focus on cutting-edge technology and pasture management paying dividends at auction.
