THE Myers family’s Condah Hills Aggregation heads this week’s property review of interesting recent listings and sales across the country.

 Allan Myers offloads Victoria’s Condah Hills

 Wet weather delays inspections in southern Qld

 Northern NSW’s Kulki makes $20m

Allan Myers family offers Victoria’s Condah Hills

DUNKELD Pastoral Company property Condah Hills, owned by prominent barrister, businessman and philanthropist Allan Myers and family, is being offered for sale in Victoria’s Western District.

The 1208ha blue ribbon Condah Hills Aggregation, comprising the 1083ha Condah Hills and the neighbouring 125ha Condah Dairy, is located south of Hamilton and 30 minutes from Portland.

Condah Hills was purchased by Mr Myers in 2019 from the Davis family after 30 years of ownership.

JLL Agribusiness agents Jock Grimshaw and Chris Lawlor have been appointed to handle the sale, which is part of a long-term consolidation strategy by the company.

Mr Grimshaw was unable to offer a price guide, explaining there hadn’t been an asset of this quality tested in the market for some time.

“Condah offers a drought-resilient, large-scale grazing and irrigation enterprise with first-class infrastructure. Interest should come from a mix of privates and corporates, as well as local and interstate producers.”

Mr Grimshaw said Condah Hills is a genuine turnkey asset.

“The combination of irrigation, infrastructure and improved pastures offers the operational flexibility to support a wide range of livestock and mixed farming enterprises.”

A standout feature is the irrigation, with around 80ha under two centre pivots growing sorghum for feeding out over the summer and winter, with scope for further development.

Mr Lawlor said extensive capital works have transformed the property into a production powerhouse with exceptional backgrounding and finishing capabilities.

“The favourable land and soil types have undergone a systematic pasture improvement program, with around 80 to 90 percent of paddocks renovated over the past six years.

“This has been complemented by consistent annual fertiliser application and a proactive pasture management regime.”

The enterprise is also underpinned by secure water entitlements totaling 1155ML providing a buffer against climatic risk and enhances operational and financial performance.

Infrastructure includes three homes, a 1000 head feedlot, a weighbridge, centralised laneway system, numerous sheds and close to 2000 tonnes of grain storage.

The portfolio is available as a whole or as separate assets with the expressions of interest campaign closing on May 7.

Wet weather delays inspections in southern Queensland

Wet weather is delaying inspections for four southern Queensland grazing blocks being marketed by Devine Rural.

Agent Brendan Devine reports good inquiry, but said property inspections are currently dependent on weather conditions.

Endeavour

A low-cost breeder operation in southern Queensland has been listed by Michael Loy for $8.2m ($992/ha) to finalise an estate.

The 8267ha Endeavour is located 75km north-west of St George and is exclusion fenced on three sides.

Well-grassed with buffel grass and native pastures, Endeavour is estimated to carry 1500 backgrounders but is currently conservatively running 570 cows and 200 weaners, as well as 500 goats.

The property has been lightly grazed for many years, and there is a good balance of country from soft red to grey brigalow and belah soils, with scattered areas of young edible mulga.

It is watered by four bores and several dams in a 432mm rainfall region.

Infrastructure includes a three-bedroom home, a shed, portable steel cattle yards and older timber cattle yards.

Mansfield and West Oakland

Brothers Kevin and Colin Murphy are finalising a partnership and selling two grazing properties spanning almost 11,000ha that have been held by the family since 1979.

The 5634ha Mansfield is 97km north-west of St George and 150km from Roma and has been held by the Murphy family since 1979.

Around 600ha of the mostly open and flat red loam country, with areas of grey brigalow soils, have been previously farmed.

The established buffel and native grass pastures are capable of running 3000 sheep, 2000 goats or 300 breeding cows and heifers.

Mr Devine said Mansfield is one of the better watered properties in the area.

“Installed under the Gabsi scheme, there is a capped artesian share bore on the neighbouring property Powrunna that services three separate properties.”

Mansfield is situated in a 432mm rainfall region and is also watered by dams and three sub-bores.

Infrastructure includes a four-bedroom Queenslander, an older one-bedroom cottage, donga accommodation, a five-stand shearing shed, steel cattle and sheep yards and numerous sheds.

Meantime, the 5335ha West Oakland is 100km north-west of St George and 157km south of Mitchell.

The property is surrounded by a cluster exclusion fence. The open to semi open, mostly flat red loam country with areas of grey brigalow soils is well-grassed with buffel and native grasses.

Oaklands is estimated to carry 400 breeding cows or 3500 dorper ewes and is currently running 300 breeders and heifers, 850 Merino sheep and a few feral goats.

It is watered by a capped and piped artesian share bore plus dams, supported by 430mm of annual rainfall.

Infrastructure includes a four-bedroom home, a three-stand shearing shed, steel cattle yards and steel sheep/goat yards.

West Oakland will be auctioned on April 17.

Glenmore

Alison Todd is seeking $8.2 million ($1112/ha) for the 7246ha Glenmore, located 60km south-east of Surat and 92km north-east of St George.

It is currently run as a cattle and goat operation, with goats being used to keep any regrowth under control.

The undulating box, wilga and sandalwood country has a mix of developed red and grey loam soils. It also has belah and brigalow pockets, with areas of virgin bendee and mulga on the ridges.

Glenmore has established buffel and native grass stands. It can run around 2000 goats or 400 cows and calves.

Although there is no cultivation, around 3035ha have been cleared with 2225ha raked and seeded.

Glenmore is situated in a 533mm rainfall region and described as being one of the better watered properties in the area with two equipped bores and 11 dams.

It has been extensively improved with mostly all new internal steel fencing and laneway systems, as well as 80km of new exclusion fencing.

Infrastructure includes a three-bedroom home, an older three-bedroom dwelling, cattle and sheep yards and a new steel shed.

Northern NSW’s Kulki makes $20m

A corporate investor has paid around $20 million ($9319/ha bare) for Kulki, a mixed grazing and cropping enterprise in the north-west slopes region of New South Wales.

The 2146ha property is located near Graman, 39km north-west of Inverell and 60km north-east of Warialda.

It was sold by David and Annabelle Horn to finalise an estate, after being held by the Capel family for more than 70 years.

LAWD agents Simon Cudmore and George Barton were unable to disclose the buyer, but said Kulki attracted mostly local interest, with the new buyer looking to convert more of the country to cropping.

When Kulki was listed for sale in October last year, 961ha (45 percent) of the mostly heavy black self-mulching to chocolate brown soils were developed to dryland cropping (585ha of barley, 331ha of oats and 45ha of lucerne). A further 1021ha are considered arable.

The 1185ha balance was being used for beef and lamb production. It is understocked at the time, running 30 cows and calves, 113 steers and 950 ewes.

The property benefits from 750mm of annual average rainfall, has a number of reliable and secure water sources including 11 dams, three bores and the spring-fed Pine Nob Gully and Wyndhams Creeks.

Over the past two years, 10 to 12km of new fencing has been constructed.

Infrastructure includes a circa 1900 four-bedroom home, numerous sheds, two cattle yards, a 10-stand shearing shed, sheep yards, shearing quarters and five grain silos with 340-tonnes of storage.