Rural Victoria

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The rural property trust, Rural Funds Group has bought Cobungra Station for $35 million.

Cobungra Station – one of Victoria's largest and most prestigious high-country beef breeding enterprises – was offered for sale last April.

It was for only the third time in 100 years.

The $35 million deal secured the 6486-hectare alpine beef property at the foot of Mount Hotham, plus more than 24,000 hectares of adjacent grazing licences.

<img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/2/11/Cobung3.jpg">

Cobungra Station has a history and reputation as a grower of high quality Australian beef stretching back to the 1800s.

Its cattle comprises Full Blood Wagyu, F1 Wagyu Cross and English Breed herds.

In 2001 a comprehensive full blood wagyu breeding programme commenced, starting with a herd of 70 cows descended from Michifuku bloodlines. Since then the Cobungra full blood wagyu herd has developed substantially.

At between 1000m and 1500m above sea level, the altitude and clean mountain air, combined with abundant clean water makes a naturally healthy place to raise cattle. 

<img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/2/11/Cobungra2.jpg">

Cobungra Station's Wagyu product is distributed under the award-winning “Blackmore Wagyu” label.

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Stone Axe Pastoral Company, a Wagyu producer that leases two other properties from RFF, has entered a ten-year lease with a rent review in year five.

The <a href="https://www.realestate.com.au/property-livestock-vic-omeo-7952550" target="_blank">1929 Great Alpine Road, Omeo property</a> was offered through Elders and Colliers.

<h2>VIC properties now selling:</h2>

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[smartcode_project:default project_id=27427]

[smartcode_project:default project_id=25409]
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Rural Funds Group buys Cobungra Station for $35 million

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Neighbours star Olympia Valance, 27, and her AFL star boyfriend Thomas Bellchambers have purchased a cottage in country Victoria.
It is a two-bedroom Glenlyon home near Daylesford in Victoria, that was settled on Valentine's Day.  
They jointly purchased the six acres for $587,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/4/22/Vallance%202.jpg" alt="">
The home was promoted as offering spectacular views of the district.
It was also offering its owners to experience ‘off grid’ living in style. 
Vallance has since <a href="https://www.urban.com.au/news/112795-olympia-valance-lists-one-bedroom-southbank-apartment" target="_blank">listed her one bedroom apartment in Southbank,</a> asking between $500,000 and $550,000.
 
 
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Olympia Valance and Thomas Bellchambers buy Victorian weekender

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The general southern New South Wales and northern Victorian market continues to display signs of strength and resilience, according to the latest rural report from Herron Todd White (HTW).
The valuation firm stated that recent positive rainfall outcomes across the Albury and northern Victorian areas has also served to allay any concerns that were beginning to appear because of the extended dry period.
"With regards to recent transactions, we are aware of a property approximately 50 kilometres north of Albury that has just gone under contract," the HTW valuers noted.
"This property is all open, mostly arable, improved grazing country, typical of the area and has transacted at approximately $8,300 per hectare, excluding the added value of the buildings in place.
"This is in line with recent agents comments about the area which indicated that the area to the north of Albury has been achieving $3,000 to $4,000 per Acre ($7,400 to $9,800 per hectare)."
Recently, a number of valuations in the far western New South Wales area to the north and north east of Broken Hill have been undertaken.
There has been a change in what the market has been prepared to pay on a dollar per dry sheep equivalent (DSE) rate for typical open grazing country in the area.
Previously, (up until late 2016) DSE rates in the $200-$350 range would have been expected, however, now all of the sales analysed indicate rates in the $400 to $500 range.
The valuers discussed that while initially this was "concerning" when the rates were reviewed in comparison to the rates paid for higher rainfall inside tablelands country to the east, "it became apparent that the relative ratio of dollars per DSE rates paid between the tablelands country and the far western country is still similar to what it has been".
"Now that far western country is at $400 to $500 per DSE, we see that the tablelands country is now $600 to $700 plus per DSE, whereas previously, rates were mostly in the $450 to $600 range."
These elevated rates equate to significant strengthening in the corresponding underlying land value.
The exact dollar per hectare rates vary with the carrying capacity of the country involved however, in general we would expect country to the north of Broken Hill to be in the $90 to $100 per hectare range.
HTW reported despite the deteriorating seasonal conditions that the Buckanbe offering has gone under offer.
Buckanbe is a 40,000 hectare, very well located grazing property on the Darling River just downstream of Tilpa.
"Whilst we are not aware of the negotiated outcome, we would expect it to achieve approximately $150 per hectare overall," the valuers concluded.
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Far western NSW rural DSE rates almost double: HTW

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Nooken Farm, the Victorian rural estate run by the late Victorian Solicitor-General, Hartog Berkeley has been listed for sale.
It comes with $10 million price hopes through Elders.
The 378-hectare Thornton property is near the township of Alexandra in the Yarra Ranges.
It has operated as a renowned Hereford Poll stud farm since the late 1970s. There's two cattle yards, a machinery shed and workshops.
Its modern homestead complex offers views over the Rubicon Valley at 1235 Taggerty-Thornton Road.
It features a 20 metre solar-heated swimming pool.
The listing comes after the death of Berkeley in 2017, aged 88.
 
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Hartog Berkeley's Nooken Farm, Thornton listed with $10 million hopes

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The Gunter family has listed Ben Cruachan Pastoral, the grazing property at Maffra West.
The <a href="https://www.commercialrealestate.com.au/property/3-huggetts-road-maffra-west-upper-vic-3859-2015768350" target="_blank">1,281 hectare Huggetts Road estate</a> comes with a homestead with mountain views.
It is being offered as a whole or in five separate lots.
The Ben Cruachan homestead sits on one title spanning 101.18 hectares.
The whole property, ideally suited to cattle and timber production, has $3.3 million hopes.
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The family is also selling <a href="https://www.urban.com.au/news/104691-toorak-trophy-carmyle-one-of-the-suburb-s-first-homes-hits-the-market" target="_blank">one of Toorak's oldest trophy homes</a>.
Ben Cruachan Pastoral was part of the estate of the urologist David Gunter, who died 2015, and his wife Judy, who died in December.
The couple, who had seven children, hosted musical performances at their 14-bedroom Italianate Toorak mansion Carmyle, which they bought in 1969.
 
 
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Gunter family list Maffra West farm Ben Cruachan Pastoral

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Mawallok in Western Victoria has been listed for sale.
Price expectations are reported to be above $25 million.
With a carrying capacity for 30,000 dry-sheep equivalents (DSE), the 2349-hectare heritage-listed sheep station comes with a 10-bedroom homestead, built in 1908 in the Arts and Crafts architecture style.
<a href="https://www.realestate.com.au/property-livestock-vic-stockyard+hill-700056514" target="_blank">Mawallok</a> has one of the most significant historic gardens in Australia.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/8/Mawallok%203.jpg" alt="">
Owned by the Russell family since 1847, the property near Beaufort was bought by Jocelyn and Peter Mitchell in 1980.
Their son Stephen married Serena, whose grandmother was a Russell – so that when the couple took over in 2009, ownership came full circle.
Its William Guilfoyle-designed English gardens were designed in 1909 to complement the Arts and Crafts homestead.
Guilfoyle, arguably Australia greatest garden designer, laid out the Royal Botanic Gardens from 1873-1909.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/8/Mawallok%202.jpg" alt="">
 
Mawallok is credited as his last known, and perhaps his grandest, homestead garden design.
In the 1920s, Sir John Monash designed the 9ha lake.
 In 1924 Major Alex Russell, a keen golfer, designed the six-hole golf course.
Elders Real Estate are taking expressions of interest until November 21.
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Mawallok in Western Victoria listed for sale

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Mawallok in Western Victoria has been sold to Australia's largest importer of wool into China, Lingnan Wen, subject to FIRB approval.
The sheep station near Beaufort in Western Victoria had price expectations above $25 million.
With a carrying capacity for 30,000 dry-sheep equivalents (DSE), the 2349-hectare heritage-listed sheep station comes with a 10-bedroom homestead, built in 1908 in the Arts and Crafts architecture style.
<a href="https://www.realestate.com.au/property-livestock-vic-stockyard+hill-700056514" target="_blank">Mawallok</a> has one of the most significant historic gardens in Australia.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/8/Mawallok%203.jpg" alt="">
Owned by the Russell family since 1847, the property near Beaufort was bought by Jocelyn and Peter Mitchell in 1980.
Their son Stephen married Serena, whose grandmother was a Russell – so that when the couple took over in 2009, ownership came full circle.
Its William Guilfoyle-designed English gardens were designed in 1909 to complement the Arts and Crafts homestead.
Guilfoyle, arguably Australia greatest garden designer, laid out the Royal Botanic Gardens from 1873-1909.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/8/Mawallok%202.jpg" alt="">
Mawallok is credited as his last known, and perhaps his grandest, homestead garden design.
In the 1920s, Sir John Monash designed the 9ha lake.
 In 1924 Major Alex Russell, a keen golfer, designed the six-hole golf course.
The sale has yet to settle being subject to Foreign Investment Review Board approval processes.
<div class="in-content-ad">Wen already owns the 2000-hectare Lal Lal Estate near Ballarat, which cost $20 million in 2014.</div>
He owns one of the biggest buyers of Australian wool, the Jiangsu-based Tianyu Wool.
 
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