Mildura farm sells to local winery

Ray White Mildura has secured almost $19 million in two recent farm sales in the lush region that supplies more than 80 per cent of Victoria's grapes.

One of the largest sales in recent times in Sunraysia was recently finalised by Mark Thornton of Ray White Mildura when he sold 88 Alfred Elms Rd, Trentham Cliffs.

The buyers were a local winery expanding their operations.

Mr Thornton said the landscape was changing in the Sunraysia horticulture region.

"Interest in the property came from many diverse industries and companies not just locally but also nationally and internationally.

"There are many large international corporations that have Sunraysia under their microscope as a place they want to invest in and that is very exciting for our region,” he said.

The buyer of the property was Sunraysia, Qualia Wines who operate a winery just outside Mildura, in Irymple.

Late last year Ray White Mildura sales agent and partner Damian Portaro sold a 85 ha table grape farm at 115 Paschendale Ave, Yelta for $7.265 million to buyers with strong foreign interests.

"This farm is essentially now a farm to plate operation,” Mr Portaro said.

"We have some big international wineries looking to buy in Mildura, plus solar farms and large horticultural operations.” Mr Portaro said. 

“This region is the food bowl for Australia and international buyers firmly believe that the future is in farming.”