Billabong Valley property Aberfeldy passed in at auction for $6.4 million

Jonathan ChancellorJune 17, 2012

Aberfeldy, the Billabong Valley, Holbrook NSW Riverina rural property that has been owned by the Ross family for 147 years, was passed in at its recent Albury auction for $6.4 million through Meares & Associates inconjunction with Elders Real Estate.

It had been expected to sell for more than $7 million. It comes with a recently renovated 1926 Federation homestead.

Set 70 kilometres south of Wagga Wagga and 70 kilometres north of Albury-Wodonga, the 1,377-hectare property was originally part of the 28,300-hectare Kinross Station.

In recent years it has carried 70% livestock (sheep and cattle) and 30% crops.

Aberfeldy's Poll Hereford herd was introduced to the property by the late Dudley Ross, the father of the current owners, Ian and Douglas Ross.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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