The recent activities in the agricultural real estate market from Central West New South Wales to southern Queensland have seen the listings of properties such as the Allengrove Aggregation and Rangelands, as well as the sale of properties like Dundenoon and the Ascot and Arundel Aggregation.
Allengrove Aggregation, NSW
The Dye family, based in Deniliquin, is offering its dryland cropping opportunity in New South Wales’ Central West for just under $25 million. The Allengrove Aggregation spans 2931ha and is strategically located between Parkes and Forbes. Comprising three non-contiguous properties – Allengrove, Oaklands, and Heatherleigh – the aggregation offers a total package for $24.99 million, with the option to purchase each property separately. The arable land, accounting for 91% of the total area, is suitable for a variety of crops like wheat, canola, chickpeas, barley, and faba beans. Water supply is ensured through bores and a town water scheme, and the infrastructure includes a four-bedroom home, grain silos, and sheds. The property is being handled by LAWD agents Ian Robertson and Fraser Robertson, with offers closing on March 6.
Terlings and Dundenoon, NSW
The Terlings and Dundenoon properties, totaling 3260ha, have been divided for sale, with Dundenoon fetching above $15 million, including 400ha of cotton. Terlings, with an expected price tag of $17 million, offers prime cultivation land with water sources from Nee Nee Creek and the Kiga bore scheme. The historic property has a mix of cultivation and grazing land, with significant infrastructure including grain storage, a shearing shed, and a seven-bedroom homestead. The properties have a rich history, previously owned by Sinclair Hill and now under the ownership of his daughter Carina and husband Ed Shannon. The land has transitioned from fine wool to cropping, with potential for cereal, pulse, and oilseed production.
Ascot & Arundel Aggregation, Qld
The Ascot & Arundel Aggregation, a turnkey farming asset on Queensland’s Darling Downs, was sold to three local families for over $21 million. The properties, operated as two management hubs, offer a mix of irrigable and dryland cropping land. The vendor, a sophisticated investor, has made significant investments in irrigation infrastructure to enhance operational efficiency. Water security is assured through various sources, including ground water and on-farm water storages. The properties have some of the richest black soils in Australia, ideal for high-yielding crops. The sale was handled by JLL Agribusiness, with Ascot and Hoedown sold separately, while Arundel and Glengyle were purchased by another family.
Rangelands, Qld
The Rangelands property in southern Queensland, owned by David and Annie Beare, offers a fully exclusion-fenced livestock and cropping opportunity. With a capacity to run 600 backgrounders, the property is strategically located near livestock markets, feedlot operations, and grain-handling facilities. The country features a mix of soils suitable for grazing and cultivation, with the potential to expand fodder crop cultivation. Water sources include nine dams, with infrastructure like a three-bedroom home, shed, and cattle yards. The property is described as low-cost, low-maintenance, and easily managed, attracting interest from various types of buyers. Rangelands will be auctioned on February 28.
In conclusion, the agricultural real estate market in the Central West and southern Queensland regions is vibrant, offering a range of properties suitable for various farming operations. These listings and sales reflect the strong interest from investors and farming families in acquiring quality agricultural land with potential for significant returns. The properties mentioned in this article showcase the diversity and potential of the agricultural sector in these regions, attracting both local and interstate buyers looking for productive and profitable farming opportunities.
