Riverina rural offerings top $100 million
More than $100 million worth of blue-ribbon southern NSW properties is currently listed for sale.
Twynam Agriculture's 14,928-hectare holding, Gundaline at Carrathool, and its 17,201-hectare Hay holding, Cobran, headline the listings. The Twynam Agricultural Group was commenced in the early 1970s by John Dieter Kahlbetzer.
They are to be auctioned on October 14, with about 2,000 hectares of cotton – with a $1 million-plus estimate – included with each property. The properties are expected to attract international buying interest.
They with 30,000-megalitre irrigation entitlements. The two stations are expected to fetch more than $50 million through Ray White Rural Sydney principal Bruce Gunning.
The Eulandool aggregation at Condobolin (pictured), in southwest NSW, also comes with $1 million in crop income and has been scheduled for October 13 auction. It is one of NSW's largest broad-acre cropping farms – a 14,569-hectare dryland property.
Its Meares & Associates marketing says 23,508 tonnes of grain was harvested in 2010. This year there are 7,568 hectares of standing crops “with the prospects looking bright,” according to listing agent Chris Meares.
The 4,106-hectare Bobbara Station at Harden is expected to fetch more than $13 million at its October 27 auction.
In the eastern Riverina, Sydney businessman David Baffsky is offering Billabong Station after 31 years of ownership. Billabong Station is expected to fetch more than $9 million.
The recent private treaty market listings include Uardry, with about $40 million being sought for the 35000-hectare sheep farm.
The Paraway Pastoral Company has been among the district’s more active buyers, with the Macquarie Group's rural arm owning Pooginook at Jerilderie, Steam Plains at Conargo, Mungadal at Hay, and Cooinbil at Carrathool.
Its most recent purchase was reputedly part of Pevensey at Hay in the western Riverina.
According to the Weekly Times, Paraway purchased between 16,000 and 18,000 hectares of TA Field Estates' Pevensey Station, with the Field family reported to have retained Pevensey's farming land.
The sold country is adjacent to the 42,750-hectare Mungadal Station, which Paraway purchased last year.
The sale would bring Paraway's land total in the western Riverina to more than 170,000 hectares.
It purchased the 19,656-hectare Pooginook Merino stud at Jerilderie in 2007, the 46,351-hectare Steam Plains Station at Conargo in 2008 and the 90,655-hectare Cooinbil Station at Carrathool last year.
TA Field Estates last year sold Hunthawang Station at Hillston.
Hunthawang Station, the Field family’s 20,000-hectare Lachlan River property, sold for $5,639,177 to the NSW Parks and Wildlife Service.
The T. A. Field dynasty had bought it from A.B. Triggs 90 years ago.
The historic farm, on the Lachlan River, east of Hillston, was reputedly sold without water entitlements.
It was passed in at 2001 auction for $7.7 million when the rural holding comprised 18,948 hectares of dry land grazing country and 1,557 hectares of irrigation.
The NSW government has purchased other western Riverina properties to convert to national parks, including the 20,000-hectare Oolambeyan Station, at Carrathool, Yanga Station at Balranald, Booligal Station, at Booligal, and Mulawa, Darcoola and Norwood stations west of Hay.
