Murrumbidgee

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Bundarbo Station, the cattle farm of the late media executive Sam Chisholm and his wife Sue at ­Jugiong, has been bought by the ­entrepreneur Markus Kahlbetzer, who heads the BridgeLane Group ­investment company.
He is the son of one of Australia’s most famous pastoralists, John Dieter Kahlbetzer, who founded the Twynam Agricultural Group in the early 1970s.
The 38-year-old Kahlbetzer heads the investment group that is only the third owner of the property since its pioneer settlement.
The property was taken up in the 1840s by the ­Osborne family, who held some 65,000 acres.
It was owned by the family for 150 years until sold in 1995 for $2.7 million to the Chisholms.
Set on the Murrumbidgee River, near Yass, the 2400 hectare Bundarbo became a passion of Chisholm, especially after he stepped away from the television industry where he worked both ­locally and internationally, at times for Channel 9 in Australia and for BSkyB in the UK.
It was home to Hazeldean blood commercial Angus breeding herd comprising around 1100 Angus breeders.
Bundarbo Station had also been run as a successful Merino sheep and prime lamb breeding property.
On its listing, the Meares &amp; Associates Sydney agent Chris Meares recalled Chisholm had been a very keen supporter of rural Australia.
“Sam always believed that every successful Australian should invest back into the rural sector,” he said.
The farm came with $30 million hopes. The sale comes as the worst of the drought is creeping south through NSW.
The Mosman-based Kahlbetzer seems intent on creating a rural realm through his BridgeLane investment group, which provides investors with the promise of spotting emerging trends shaping the future of agriculture, property and technology.
BridgeLane currently owns some 80,000 hectares of cotton, soybean, cereal and corn country in Argen­tina.
His father’s worldwide agribusiness success saw Twynam own more than 400,000 hectares at its peak, selling the final two major Australian properties last year.
Raised in Argentina and the US after his father began diversifying the family’s farming investments into South American farmland, Kahlbetzer (pictured) has previously noted his international upbringing and corporate agricultural experience gave him a slightly different appreciation for the industry.
He recently told an international forum that he sees the advantages of scale, supply chain investment and the industry’s changing global opportunities. 
This article was first published in the Sunday Telegraph. 
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Entrepreneur Markus Kahlbetzer's BridgeLane buys Sam Chisholm's Bundarbo Station

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Bundarbo Station, the cattle farm of the late media executive Sam Chisholm in the NSW Hilltops Region, has been listed for sale by the executors of his estate.
The farm is located at Jugiong, a small community on the Murrumbidgee River, north west of Canberra.
The next buyer of Bundarbo, which comprises 160 hectares of rich alluvial river flat land, will only be its third owners since the pioneer settlement.
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The property was taken up in the 1840s by the well-known pastoral Osborne family, at that stage a holding of 65,000 acres, and was held in the family for 150 years until sold Sam Chisholm and wife, Sue.
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It is home to Hazeldean blood commercial Angus breeding herd comprising around 1,110 Angus breeders.
Despite being predominantly a beef cattle breeding and fatteninig holding in recent times, Bundarbo Station has also been run as a successful Merino sheep and prime lamb breeding property. 
Meares &amp; Associates Sydney agent Chris Meares is handling the marketing with $30 million plus price guidance.
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Meares said Chisholm had been a very keen supporter of rural Australia.
 "Sam always believed that every successful Australian should invest back in to the rural sector," he said.
"The sale of Bundarbo will create huge interest both here in Australia and overseas," Meares suggested.
"Over the past two to three years in particularly we have seen an increase in focus on the rural sector and agribusiness projects," Meares says.
Meares noted that agriculture is now a global product and there has been strong interest in investment in the sector from both offshore and local operators.
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"There remains to be an acute shortage of quality property for sale," Meares said.
"There is arguably no other property with the unique features of Bundarbo with its magnificent homestead and guest complex, nationally recognised gardens and a working property with size, scale and reputation – producing 1,000 plus cattle for sale annually."
Chisholm is best known for shaping the television industry landscape both locally and internationally, working at times for Kerry Packer and Rupert Murdoch.
This article was first published in the Saturday Telegraph.
 
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Late media boss Sam Chisholm's Bundarbo Station for sale

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The Murrumbidgee council area is the top-performing market in the country, according to CoreLogic.
CoreLogic said when it comes to market growth the Riverina town is number one.
The area’s median house prices have ballooned in the past 20 years, recording a growth of 13 percent per annum.
Tim Lawless, CoreLogic’s director of research, attributed the growth to an influx of new housing and strong local economic conditions.
“Prices have moved from an extremely low base which can magnify the percentage change," he said.
<a href="https://www.propertyobserver.com.au/images/2017/03/29/Chart-1.jpg" target="_blank">Click to enlarge</a>
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"Despite such a high growth rate over 20 years, the median prices is still less than $170,000.
“The vast majority of this growth occurred between 1998 and 2003 when the median price moved from slightly under $12,000 to $123,000 over this five year period.”
The most active suburb Coleambally recorded 18 sales in the past 12 months while 14 properties in Darlington Point changed hands in that period, CoreLogic RP Data showed.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-darlington+point-122624202" target="_blank">7 Demamiel Street</a>, Darlington Point (above) has been listed for $209,000.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-coleambally-122568658" target="_blank">39 Sandpiper Street</a>, Coleambally (below) had its price reduced to $215,000.
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Similarly a five bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-darlington+point-120988250" target="_blank">38 Kook Street</a>, Darlington Point (below) has been listed for $199,000.
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A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-darlington+point-124395470" target="_blank">13 Carrington Street</a>, Darlington Point (below) was recently sold for $164,000.
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A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-darlington+point-124031414" target="_blank">17 Hay Street</a>, Darlington Point (below) was sold for $164,000.
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Similarly a three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-nsw-coleambally-123401794" target="_blank">37 Sandpiper Street</a>, Coleambally (below) was sold for $115,000.
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