Farm Sale

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Summer Hill, a 3,237 hectare country property in the Upper Hunter Valley shire has hit the market with $12 million hopes. 
The Summer Hill Road property in Cassilis include balanced basalt farming and grazing country for beef cattle, sheep or cropping.
The weatherboard homestead comes with eight bedrooms, bathroom, fireplace and established gardens. 
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-08-28%20at%2012.35.57%20pm.png" alt="">
There is another cottage on the property comprising 3 bedrooms, bathroom and air conditioning.
It also features long frontage to the Munmurra River, stand woolshed, hay shed and cattle yards. 
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-08-28%20at%2012.35.04%20pm.png" alt="">
The owner will look subdivide the property into 5,500 acre Summer Hill and 2,500 acre Rosedale.
The property is situated about 70km from Merriwa and Mudgee. 
Bowyer &amp; Livermore's Greg Ryan and James Walton hold the listing.
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Cassilis' Summer Hill property remains on the market with $12 million hopes

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A new four lot subdivision of the Shambara farm property, located midway between Benalla and Wangaratta, has come onto the market.
The four lots all with a frontage to the Old Greta Road are respectively – Lot 1 of 68.7 ha, or 170 acres, Lot 2 of 72.8 ha or 180 acres, Lot 3 of 44.5 ha or 110 acres and Lot 4 of 58.6 ha or 145 acres.
The four lots are for private sale through Elders Real Estate’s north east district agent Michael Everard.
The property on the old Greta Road at Lurg is part of the larger Shambara farm property and has been held by the vendor family for over twenty-five years.
Each of the four blocks has some internal division of post and wire fencing.
Most of the lots include paddock or catchment dams, most having been recently cleaned out, while the local average annual rainfall is 700mm with access likely to be available to substantial as yet untested groundwater potential.
Each lot holds a long single frontage to the old Greta Road with good access from the Hume Freeway at the Winton interchange with a bitumen road most of the way to these lots.
Selling agent Michael Everard says that the local district is a prominent rural living area with properties that adjoin these four lots being largely smaller acreage residential holdings with typical sizes of 40 hectares (or say 100 acres).
“There are multiple choices for an attractive home site on each landform with power available to within about 200 metres of the existing road boundary.
“This subdivision which has been created from a long held family farm presents an exceptional opportunity to secure attractive and productive land that is ideally suited to create a preferred rural living retreat,” Mr Everard says.
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Shambara farm subdivided plots come onto market

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Two agricultural properties spanning 7,000ha and home to the heritage-listed One Ton Post survey marker in Queensland’s Border Rivers region have been listed for sale.
Carnarvon totals 4,356ha, comprising approximately 988ha developed to flood irrigation, 406ha of dryland cultivation and 2,962ha of grazing and support land.
The property benefits from fertile soil types underpinning high cotton and grain yields, as well as on-farm storage totaling 11,370mL and water entitlements of 2,600mL Barwon Zone Nominal Volume and 3,666mL of Barwon-Darling water.
The heritage-listed One Ton Survey Post - Australia’s largest wooden survey peg - is also located on the property.
Established in 1882, the peg marks the 29th parallel of latitude – the straight section of the Queensland/New South Wales border, from Cameron Corner to the Barwon River.
The second property, Garrawilla &amp; Belmore, is a 2,316ha property, comprising 1,398ha developed to flood irrigation, 362ha of dryland cultivation and an additional 556ha of grazing and support land.
It features on-farm storage capacity, totaling 6,700mL in addition to water allocations of 7,293mL of Barwon Zone Nominal Volume.
The two properties are being offered for sale separately.
CBRE’s Josh Ledingham and Simon Cudmore have been appointed to sell Garrawilla &amp; Belmore via Expressions of Interest.
The pair are also selling Carnarvon, conjunctionally with Moree Real Estate’s Cliff Brown and Paul Kelly, via Expression of Interest.
The properties are each expected to generate buyer interest of around $22 million.
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Queensland's One Ton Post land listed for sale

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Country music star Troy Cassar-Daley and his 4KQ Brisbane radio presenter wife Laurel Edwards secured $550,000 when they recently sold their Queensland farm getaway, Carinya.
They had re-listed the Vernor property, an hour from their Brisbane base, having failed to find a buyer on its <a href="https://www.urban.com.au/news/86220-troy-cassar-daley" target="_blank">original $680,000 listing mid-last year.</a>
Cassar-Daley has said the farm, which they paid $630,000 for in 2007, has inspired a number of his songs.
He said 'I love this place' was written at the kitchen table.
Cassar-Daley used to love fishing on the river which dissected the property.
Laurel used to ride horses across the four hectares.
The family, now with grown up kids, are set to spend more time on the Sunshine Coast.
Edwards met Troy Cassar-Daley at the Gympie Music Muster in 1993.
This article first appeared in The Weekend Australian. 
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Troy Cassar-Daley secures $550,000 for Queensland farm getaway

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Country music star Troy Cassar-Daley and his 4KQ Brisbane radio presenter wife Laurel Edwards have sold their Queensland farm getaway.
They re-listed the Vernor property, an hour door to door from their Brisbane base, last month, having failed to find a buyer on its <a href="https://www.urban.com.au/news/86220-troy-cassar-daley" target="_blank">original listing mid-last year.</a>
Cassar-Daley has said the farm, which they paid $630,000 for in 2007, has inspired a number of his songs.
He said 'I love this place' was written on the kitchen table.
Cassar-Daley used to love fishing on the river which dissected the property. Laurel used to ride horses across the four hectares.
The couple initially sought $680,000 last year.
The family, now with grown up kids, are set to spend more time on the Sunshine Coast.
 
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Troy Cassar-Daley sells Queensland farm getaway

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The agricultural fund manager Growth Farms has bought the largest farming aggregation on Kangaroo Island from the billionaire media mogul Kerry Stokes.
Stokes and veteran cattleman Peter Murray sold their <a href="https://www.eldersrealestate.com.au/rural/sale/cygnet-park-farms-cassini-sa-5223-17956579/" target="_blank">Cygnet Park</a> Farms aggregation reportedly for about $25 million through Elders.
It was listed in late 2017.
The cattle, sheep and cropping aggregation on the 7,821 hectare Cygnet Park Farms, which Stokes and his long-time business partner had accumulated over the past decade, was being offered on a walk in, walk out basis in one line or in individual allotments
Murray is one of Australia's most experienced cattlemen.
With annual average rainfall ranging between 600-900mm, it was currently running approx 3,000 Angus cows, 2200 weaner calves and 300 yearlings/bulls.
NSW-based Growth Farms is headed by David Sackett who manages assets on behalf of a global network of high net worth individuals, family office and institutional clients.
It was established in 1999 by Angus Taylor and his brother Richard .
It has investments in sheep and cattle, cotton, sugarcane, winter crops with farms totalling more than 100,000 hectares.
 
 
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Growth Farms buys on Kangaroo Island from billionaire Kerry Stokes

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During the course of discussions with some corporate purchasing parties, valuation firm Herron Todd White are starting to see a change in the way the market is perceiving what can be achieved in terms of yield.
According to the latest rural report from Herron Todd White, yields are often at five per cent with some even getting to six per cent.
"With the strong increase in underlying land value seen over the past twelve months in particular, there is strong resistance from lessees to adjusting rates to reflect the original yield achieved when the lease was created," the report noted.
"This resistance is coming from the fact that general income from rural commodities, whilst still good, has not improved in line with the underlying land value."
Scott Fuller, a valuer at HTW, suggested the situation is a repeat of the 2006 to 2008 period where we also saw strong growth in underlying value.
"At this time many leases were in the 3.5 per cent to 4.5 per cent range and we would expect that general leasing rates will soften to four per cent to 4.5 per cent."
"The volume of capital looking to deploy in agriculture in Australia continues to be a surprise and this deployment is seeing unsolicited offers for large scale rural properties made on a regular basis. Whilst previously we have indicated that we felt that the market was at or near its current peak for this cycle, I am beginning to wonder whether this cycle may have some further development to go."
"Whilst there are some short term negative seasonal conditions, our experience is that the underlying market sentiment is still very positive and this coupled with record low interest rates and generally positive returns for livestock may just see some continued upward pressure on the market, particularly if we see any sort of rain event in the next month or so," he concluded.
In the Riverina area there was a big sale in the form of Delta which is 55 kilometres north-west of Jerilderie and 50 kilometres north-east of Conargo.
It was a 8,381 hectare mixed irrigated and grazing property. The sale included approximately 550 hectares of laser levelled flood irrigation with a balance consisting of mostly open to lightly timbered good grazing country. The property was well improved with homestead, manager’s residence, workers’ cottages, machinery sheds and wool shed.
The property sold for $10.025 million. It appears that the open-hay plains grazing country has sold for $975 per hectare ex buildings. This indicates $780 per DSE when viewing the grazing country in isolation.
"This is uncharted territory for the Riverina and indicative of the strength of the current market," HTW said.
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Southern NSW experiencing unusually high rural yields: HTW 

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Ray White Mildura has secured almost $19 million in two recent farm sales in the lush region that supplies more than 80 per cent of Victoria's grapes.
One of the largest sales in recent times in Sunraysia was recently finalised by Mark Thornton of Ray White Mildura when he sold <a id="m_-554013802951475589LPlnk789717" href="http://icm-tracking.meltwater.com/link.php?DynEngagement=true&amp;H=eD76f58HlUnRmzbPZf5yw%2B7LSgBzaQg0S1071ajiM0VK9rmBWpxqVAa0HUCW44V1L3lNOXIaPO3qAopSlw0h5F2vWCm8rZjDpHJFmQMOTjNcy6DIp06diQKaB01GQEoXV6CGTENW8WA%3D&amp;G=0&amp;R=https%3A%2F%2Fwww.realestate.com.au%2Fsold%2Fproperty-horticulture-nsw-trentham%2Bcliffs-7968210&amp;I=20180724040133.000000003449%40mail6-96-usnbn1&amp;X=MHwxMDQ2NzU4OjViNTY4M2EwYmE2ZDI2ZmQ2MTU1YTRkZjs%3D&amp;S=hf74gbQDxkS4f6D9ZutBLBw2bDkv3NxpiLmisaTEFSo" target="_blank" data-saferedirecturl="https://www.google.com/url?hl=en&amp;q=http://icm-tracking.meltwater.com/link.php?DynEngagement%3Dtrue%26H%3DeD76f58HlUnRmzbPZf5yw%252B7LSgBzaQg0S1071ajiM0VK9rmBWpxqVAa0HUCW44V1L3lNOXIaPO3qAopSlw0h5F2vWCm8rZjDpHJFmQMOTjNcy6DIp06diQKaB01GQEoXV6CGTENW8WA%253D%26G%3D0%26R%3Dhttps%253A%252F%252Fwww.realestate.com.au%252Fsold%252Fproperty-horticulture-nsw-trentham%252Bcliffs-7968210%26I%3D20180724040133.000000003449%2540mail6-96-usnbn1%26X%3DMHwxMDQ2NzU4OjViNTY4M2EwYmE2ZDI2ZmQ2MTU1YTRkZjs%253D%26S%3Dhf74gbQDxkS4f6D9ZutBLBw2bDkv3NxpiLmisaTEFSo&amp;source=gmail&amp;ust=1532491859254000&amp;usg=AFQjCNGd6ZQ6Cgv7xO1RXhzhwrtzdj2wrA">88 Alfred Elms Rd, Trentham Cliffs</a>.
The buyers were a local winery expanding their operations. Mr Thornton said the landscape was changing in the Sunraysia horticulture region.
"Interest in the property came from many diverse industries and companies not just locally but also nationally and internationally.
"There are many large international corporations that have Sunraysia under their microscope as a place they want to invest in and that is very exciting for our region,” he said.
The buyer of the property was Sunraysia, Qualia Wines who operate a winery just outside Mildura, in Irymple.
<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/2018/7/25/FARM%202.jpg" alt="">
Late last year Ray White Mildura sales agent and partner Damian Portaro sold a 85 ha table grape farm at <a id="m_-554013802951475589LPlnk721845" href="http://icm-tracking.meltwater.com/link.php?DynEngagement=true&amp;H=eD76f58HlUnRmzbPZf5yw%2B7LSgBzaQg0S1071ajiM0VK9rmBWpxqVAa0HUCW44V1L3lNOXIaPO3qAopSlw0h5F2vWCm8rZjDpHJFmQMOTjNcy6DIp06diQKaB01GQEoXV6CGTENW8WA%3D&amp;G=0&amp;R=https%3A%2F%2Fwww.realestate.com.au%2Fsold%2Fproperty-viticulture-vic-yelta-7927130&amp;I=20180724040133.000000003449%40mail6-96-usnbn1&amp;X=MHwxMDQ2NzU4OjViNTY4M2EwYmE2ZDI2ZmQ2MTU1YTRkZjs%3D&amp;S=daOh7IQSEeH11r2Ra5kHLin08LzII2iQ5ssEHdxw6sE" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?hl=en&amp;q=http://icm-tracking.meltwater.com/link.php?DynEngagement%3Dtrue%26H%3DeD76f58HlUnRmzbPZf5yw%252B7LSgBzaQg0S1071ajiM0VK9rmBWpxqVAa0HUCW44V1L3lNOXIaPO3qAopSlw0h5F2vWCm8rZjDpHJFmQMOTjNcy6DIp06diQKaB01GQEoXV6CGTENW8WA%253D%26G%3D0%26R%3Dhttps%253A%252F%252Fwww.realestate.com.au%252Fsold%252Fproperty-viticulture-vic-yelta-7927130%26I%3D20180724040133.000000003449%2540mail6-96-usnbn1%26X%3DMHwxMDQ2NzU4OjViNTY4M2EwYmE2ZDI2ZmQ2MTU1YTRkZjs%253D%26S%3DdaOh7IQSEeH11r2Ra5kHLin08LzII2iQ5ssEHdxw6sE&amp;source=gmail&amp;ust=1532491859255000&amp;usg=AFQjCNGoPq0bpQsqnz8UbQi1NACv6SnQOQ">115 Paschendale Ave, Yelta</a> for $7.265 million to buyers with strong foreign interests.
"This farm is essentially now a farm to plate operation,” Mr Portaro said.
"We have some big international wineries looking to buy in Mildura, plus solar farms and large horticultural operations.” Mr Portaro said. 
“This region is the food bowl for Australia and international buyers firmly believe that the future is in farming.”
 
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Mildura farm sells to local winery

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The long-held Kumbada farm at Jindivick has been sold by the Carnegie brothers after 72 years before its scheduled auction on December 8.
The sale price was not disclosed but is believed to be around $4 million.
The property spans 228.5 hectares and is one of the largest farm holdings in the district. It is located just to the north of the Princes Highway-Jindivick Road junction and close to the Drouin-Warragul area.
The selling agent was Rodwells Ruralco Property’s Damien Minogue.
A local beef cattle farmer is the new owner and has plans for a 300 cow-and-calf operation.
Originally purchased by the Carnegie brothers’ parents as a small dairy operation the acquisition of neighbouring holdings over the years created the sequence of long ownership and now presents the property in four titles.
“The Carnegie family dairy-farmed for many years but more recently Peter and John Carnegie converted it to livestock grazing with recent light stocking,” said Minogue.
“Over the years the Carnegie brothers have topped the Korumburra and more recently Leongatha markets many times with bullocks and vealers with their top quality grass-fed animals”.
The property has an eleven paddock subdivision.
“The improvements comprise the original three-bedroom homestead, plus a manager’s cottage plus another old cottage in need of renovation,” he said.
There are a number of support buildings including machinery sheds, an old dairy and the property has sealed road access.
“Good stock water resources are another feature with a creek frontage and a number of spring fed dams while this property is in a 900 mm annual average rainfall area”.
“I always considered it would be something of a signature sale as no comparable scale property has been offered in this area, nor will one probably be seen again and it is great to see it purchased by a local farming interest.
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Jindivick's Kumbada farm sells before auction

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Hassad Australia has announced the sale of 18,000 hectare in three large aggregations — Raby Station in NSW, and Glendale and Ungarra aggregations in South Australia.
Fifteen family operators will be acquiring individual parcels of land from all three aggregations.
Landmark Harcourts agent Phil Rourke, <a href="https://hassad.com.au/raby-stud-nsw/" target="_blank">who sold historic Raby at Warren</a>, confirmed it sold to a consortium of local buyers, who would integrate parts of the 9,782 hectare property into their existing operations.
Hassad Australia also sold a dry land cropping aggregation spanning more than 3,000 hectares in South Australia’s mid-north for $16.2 million. 
Located 29 kilometres north-east of Clare, the Glendale Aggregation is suited to growing wheat, barley, canola, lentils and legumes, as well as grazing livestock. 
CBRE Agribusiness’ Danny Thomas and Phil Schell negotiated the sale of Glendale Aggregation, comprising 12 semi-contiguous landholdings totalling 3,263 hectares. 
The sale was one of three properties divested by Hassad Australia – the others being Raby in New South Wales and the Ungarra Aggregation in South Australia.
The sales also follow the earlier transaction of properties in Victoria and Queensland.
The divestments are in preparation for the next phase of the company’s investment strategy that will see further investment in lamb and grain marketing. 
The Glendale Aggregation sold to a number of local adjoining and nearby farmers in South Australia’s mid-north farming region.
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