Limited sales activity in Mildura region over June: HTW
There has been limited sales activity in the Mildura region over the last month according to Herron Todd White's July report apart from the $84 million winery at Red Cliffs by Chinese wine making company Weilong.
According to HTW, a planning permit has been issued and approval granted to crush 84,000 tonnes of grapes annually with the winery operational for the 2019 vintage.
In the Murrumbidgee Irrigation Area new plantings of Almonds are up due to the difficulty in finding remaining suitable land within an affordable distance from the Murray River.
"Data released from the Almond Board of Australia indicates that the area of plantings grew by 15.8 percent, or 4,904 hectares in 2016, and that a similar area of plantings is expected within the coming year," HTW said.
"If the forecast is correct, this will take the planted area to over 36,000 hectares.
"Much of the new plantings are now occurring in the Murrumbidgee Irrigation Area, due in part, to the difficulty in finding remaining suitable land within an affordable distance from the Murray River.
"The Webster Ltd owned Tandou farm, located just to the south west of Menindee, is to be de- commissioned, with the associated 21,900 megalitre water licence (mix of General and High Security entitlements), being acquired by the Federal Government for $78 million.
"Webster lobbied for this sale due to concerns over water reliability in the lower Darling River. Cotton and other irrigated crops have been grown on Tandou since the mid 1970s, however significant crops (more than 3,000 hectares) have only been grown in four of the past 12 years, with no crops sown over five of those years."
Property Observer hound 26Ha of agricultural land on the market at 473 Coorong Avenue, Red Cliffs, Victoria on the market, price undisclosed.
The property has multiple grape varietals including 6.5Ha Crimson Seedless, 10.7Ha Red Globe, 3.0Ha Menindee Seedless and 0.9Ha Long Crimson.
Cowra Station, approximately 25kms west of Mildura (below) has a total area of 10,349 acres (approximately), 12kms of river frontage & a 300 acre (approximate) billabong.
It is currently operated as a mixed enterprise with sheep grazing, irrigated vegetable production & cereal cropping and is on the market for between $4.5 to $5 million.