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WESTERN NSW PASTORAL AND CROPPING LAND IN DEMAND

02-Apr-2021 14:42:53

More than $30 million worth of rural property has changed hands in Western NSW over the past 3 months; Nimagee Station, Staniford’s Station, and Yara and Killarnie Station, have all been transacted this year by Nutrien Harcourts Russell at Cobar.

“There has been a tremendous lift in the market, and this is the busiest we have ever been” says selling agent and principal David Russell of Nutrien Harcourts Russell.

“Two of the properties sold prior to auction, with “Yara and Killarnie” being sold via an Expressions of Interest campaign. All results have exceeded expectations due to the quality of soil and recent 120mm of rain coverage in the area.”

Four further highly productive breeding and pastoral properties Central Western New South Wales have been listed for sale are going to the market in the upcoming months. It is likely a mix of international and local investors plus groups from Victoria and South Australia will be interested parties.

“Nardoo Station” 30km north of Wanaaring on Hamilton Gate Road has been in the family for 98 years. First taken up by the Brown family, this 38,867 ha (96,044ac) pastoral property, is currently running 600 breeding cows or sheep equivalents. Going to Online Auction through ‘Auctions Plus’ on April 21st, 2021, the property is estimated to bring between $2.6 – 3m.

“Bulgoo Aggregation” Including “The Meadows” is being offered WIWO by Expressions of Interest closing May 12th, 202.   Comprising approx. 49,811 ha (123,338ac), and sold with a full list of station plant & machinery, major carbon credit program, and approx. 8,000 Rangeland goats. A large nursery created on the farm by current owner grows a variety of ready to plant Australian natives suited to the property’s surroundings.

David Russell states “the goat sales and the carbon credits, locked in place until April 2025, are generating in excess of $1 million annually.”

“Amphitheatre Station” 20km west of Cobar is 9,863ha, (24,375ac) is a historically renowned merino breeding and wool growing property with excellent gazing characteristics. Going to Online Auction through ‘Auctions Plus’ on April 28th 2021.

“Wongawal Station” situated in Louth, of approx. 41,193 ha (102,000ac) has 4 freehold titles, and a very well-balanced sheep and goat grazing. Carbon farming could also be considered, as well as irrigation. Offered WIWO with 2,000 mixed rangeland goats and 400 merino ewes all joined. Expressions of Interest close on the 18th of May 2021.