Riverina

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CBRE has sold 33,000ha of premium rural land fronting the Murrumbidgee River in NSW’s Southern Riverina region in an off-market transaction for the family of businessman Tim Roberts-Thomson.
The two NSW Southern Riverina stations sold in an off-market deal reportedly worth $60 million. 
Juanbung and Boyong stations span 33,000ha of grazing land, which has been used for backgrounding up to 10,000 cattle a year, and has 55km frontage to the Murrumbidgee River. 
It is also home to one of the largest privately owned River Red Gum forests in the world, and accommodates firewood business Juanbung Mill. 
Juanbung and Boyong stations also benefit from a 13,506ML supplementary water entitlement and incorporate the floodplain delta of the Lachlan River, referred to as Great Cumbung Swamp. 
The properties were reportedly bought by a local group. 
CBRE’s Danny Thomas and Aither’s Chris Olszak sold the properties via a walk-in-walk-out basis on behalf of Roberts-Thompson’s TRT Pastoral Group.
Roberts-Thompson advised the sale would allow TRT Pastoral to focus on building its King Island beef business, as well as its other mainland beef breeding operations.
It also owns an aggregation of five properties in North East Victoria, Howquadale Station, 
Boasting 55km frontage to the Murrumbidgee River, Juanbung and Boyong Stations have traditionally been used for backgrounding large numbers of cattle for nearby feedlots (up to 10,000 head per annum). 
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Tim Roberts-Thompson sells 33,000ha in the Southern Riverina 

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Yarunga Station and Fontainebleau, a large scale mixed cropping and grazing operation situated in the Southern Riverina Region of New South Wales is now for sale.
CBRE Agribusiness agents Duncan McCulloch, James Beer and Danny Thomas have been appointed to handle the sale of Yarunga Station (844 ha) and Fontainebleau (931 ha) which operate as a single enterprise.
They comprise approximately 1,710 ha of arable land (96%), including 60 ha of laser leveled flood irrigation and 1,650 ha of dryland cropping and grazing.
“Yarunga Station and Fontainebleau are outstanding properties, well developed for both broad hectare and grazing enterprises given their high arable percentage and excellent livestock handling infrastructure,” Mr McCulloch said.
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The aggregation is available for sale as a single holding or as two individual properties. 
Yarunga Station and Fontainebleau feature numerous structural improvements, including two dwellings and extensive rural infrastructure such as grain shedding, bunkers, silo storage, multiple hay sheds, storage sheds, workshop, cattle yards, shearing shed and yards.
In addition, Yarunga Station features a 16-pen feed pad, which is utilised as part of a heifer rearing enterprise.
Yarunga Station and Fontainebleau are being offered for sale via expressions of interest and are expected to receive strong interest from both local farmers and corporate investors, according to the agents.
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Yarunga Station and Fontainebleau are now on offer

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Bruce Gunning of Ray White Rural International, says Ballandry Station Farming Aggregation at Griffith, represents what could be one of the last “big ticket” buying opportunities for Riverina broadacre cropland.
With most of the large holdings now in either corporate or other institutional ownership, investors will have few chances in the future to secure agricultural holdings on the scale of Ballandry, he told The Land's Peter Austin.
Ballandry is a total land package of 27,735 hectares (68,535ac), comprising a cropping of 19,436ha and an irrigation development block of 8298ha.
Offers are due July 31, either as a whole or in two portions, along with 45,455 Murrumbidgee Irrigation delivery entitlements.
Set 24 kilometres north of Griffith, it has been listed by David Bartter, who is winding up his agricultural interests.
Bartter and his brother, Peter, previously owned and operated the huge Bartter Enterprises poultry business at Griffith, before selling that in 2009 to Baiada Poultry.
The property has been built up by the Bartter family over a period of 35 years.
It incorporates 17 individual properties, the largest being Ballandry Station of 5165 ha.
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Bartter family list Riverina aggregation Ballandry

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Blue Sky's cotton farm Gundaline Station has been sold for around $65 million.
The price has not been revealed, but in an announcement to the ASX on Friday, ASX-listed Blue Sky Alternatives Access Fund confirmed the price was "in line with the Alternatives Fund carrying value for the investment".
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<div id="article-inline-ad">"We anticipate this investment will be completed in the third quarter of 2018, following FIRB approval and the completion of the current cotton harvest and ginning," BAF said</div>
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<div>The trouble fund manager held around a third of the rural asset.</div>
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It was listed for sale late last spring through Kidder Williams.
The sale to an offshore European party was close to being finalised, The Australian first reported mid-last week, with contracts exchanged last week.
The asset sits within Blue Sky's Real Estate Assets division. 
The farm, at at Carrathool off the Sturt Highway, isn one of Australia’s largest irrigation properties.
Gundaline Station is located in the highly regarded Southern Riverina region of NSW. 
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Dutch-based Optifarm, a fund backed by high net worth European investors, bought it from Blue Sky, the Dutch government pension fund ABP and Singapore-based asset manager Duxton.
Optifarm's acquisition of Gundaline Station followed its earlier purchases this month of Jemalong Station and Jemalong Citrus at Forbes in the NSW Central West region from the Kahlbetzer family's Twynam Agricultural Group.
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Fronting the Murrumbidgee River in NSW, the 15,000 hectare Gundaline property suited to growing a combination of irrigated cotton, cereals/oilseeds/legumes and permanent crops such as almonds was last sold in 2014 to the institutional investor consortium.
Over the past four years, they have more than doubled the land area under irrigation, significantly expanded and improved the water storages and irrigation infrastructure, as well as upgrading the existing irrigation land. 
The property consists of more than 6,000 hectares of highly developed furrow irrigation (over 3,500 hectares of new development), with the balance comprising land suitable for development to permanent plantings and additional furrow irrigation, and grazing land. 
The holding benefits from significant water entitlements.
The Australian Financial Review indicated Optifarm's directors are listed as Jelle Rienk Elzinga, managing director of Dutch-based securities trader Optiver and Michael Wheeler, a finance manager at Australian agribusiness firm Landmark.
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Blue Sky offloads Gundaline Station in the Riverina 

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Tarramia, the NSW Riverina estate that was farmed by one of Melbourne's leading businessmen, Sir Clive McPherson, has been sold.
The Mulwala holding has been in the family for over six decades. The buyers are whispered to be Andrew Bouchier and his wife, Ann Marie.
As neighbouring properties were subdivided, McPherson, the prominent agriculturalist, began buying up during the interwar year the local farms, with Tarramia forming a significant part of his land holdings.
Macpherson sat on the board of the pastoral house, Younghusband Ltd, the National Bank, the Commonwealth Bank, Australian Wheat Board and the Royal Melbourne Hospital.
The McPhersons regularly entertained at the home. Guests included Prime Minister Robert Menzies and his wife, Dame Patty Menzies and the Governor General Sir William and Lady Slim and the Governor of Victoria Sir Dallas Brooks and Lady Brooks.
The local picnic races each year were the occasion for Sir Clive and Marion to entertain a large house party.
The near 2,000 hectare property was expected to sell for $10 million plus. 
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Tarramia South comprises 601 hectares with the original lakeside three bedroom homestead.
Tarramia North spans 1,393 hectares. He died in 1958 having his daughter, the late Marion Orme Page retain the property. Her South Yarra estate sold for $33 million in 2016.
Matt Childs at Pat Rice &amp; Hawkins was marketing the property in conjunction with Elders Real Estate. Offers closed April 4.
Much of the infrastructure on the property, including the homestead and adjoining cottage, has been renewed in recent years, after being in the direct path of a tornado in 2013.
 
 
 
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Luxury Riverina estate Tarramia sells

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The 1870s Brucedale Chapel in the NSW Riverina has been listed for sale.
Over the years the property has been the venue for many weddings. 
It goes to <a href="https://www.realestate.com.au/property-house-nsw-brucedale-127668850" target="_blank">March 24 auction</a>.
The Brucedale Community Chapel was refurbished by the Oleary's in 1995 with the chapel being reconsecrated and blessed by Bishop Brennan in the same year.
Since this time the chapel has been open to weddings and christenings for all people of all denominations and orientations.
The lush green gardens are spotted with rose bushes, vine covered walkways and a multitude of coloured flowers.
"The cherry on top is a beautiful old bell that can be heard at the conclusion of any ceremony," the marketing says.
Dame Mary Gilmore, a noted Australian poet, attended church here as a child and was so inspired by the beauty and magic of the property that she wrote the following poem:
O neighbourly hands and neighbourly hearts,  How memory burns and the hot tear starts! For, shades in the moonlight, I see you pass Where the white of the frost is crimping the grass, And I hear you sing, when the nights are dark,  Where you set your course to an heavenly mark. O brave forerunners, who never sought fame,  How the church you loved must treasure each name!
The main house has a Tuscan exterior with its painted concrete walls and green gardens.
The French doors opening out to the front porch are over 100 years old, coming from the dividing wall at Mt Erin archives and have been cut and re-glassed to fit into the house.
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Riverina's Brucedale Chapel estate for auction

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One of Australia’s largest irrigation properties, Gundaline Station – located in the highly regarded Southern Riverina region of NSW – has been listed for sale.
Fronting the Murrumbidgee River in NSW, the 15,000 hectare rural property suited to growing a combination of irrigated cotton, cereals/oilseeds/legumes and permanent crops such as almonds was last sold in 2014 to an institutional investor consortium led by Southern Agricultural Resources.
Over the past three years, they have more than doubled the land area under irrigation, significantly expanded and improved the water storages and irrigation infrastructure, as well as upgrading the existing irrigation land. 
The property consists of more than 6,000 hectares of highly developed furrow irrigation (over 3,500 hectares of new development), with the balance comprising land suitable for development to permanent plantings and additional furrow irrigation, and grazing land. 
The holding benefits from significant water entitlements.
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Significant irrigation property Gundaline Station hits the market

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Two-time AFL North Melbourne premiership player Anthony Stevens has joined Elders Real Estate as a rural estate agent.
He played 279 games for North Melbourne in a 16-year career that included winning premierships in 1996 and 1999. 
He has been appointed as a real estate executive for Victoria and the Riverina region.
His first two listings are in Shepparton and Nagambie.
"I'm making a long-term commitment to my new career and hope to be doing this for the next 20 years or more," he told Fairfax Media.
"I'll look to build on my relationships in the footy world and the corporate world, but I don't expect things to just fall in my lap."
Stevens grew up on his parent's dairy farm near Waaia in rural Victoria and moved to Melbourne when he was 17 to play football.
He owns a 120-hectare cattle farm with his father near Benalla where he breeds Limousin, a French breed and Angus cows.
After retiring from football, he established regional events business Stride in 2007, based in Echuca and Bendigo and more recently he returned to the Kangaroos in a business development role.
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North Melbourne premiership player Anthony Stevens joins Elders Real Estate as a rural estate agent

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The total land value for the Riverina region has increased over the 12 month period to 1 July 2016 by 9.1% from $13.24 billion in 2015 to $14.44 billion in 2016, according to the latest report from the Valuer-General.
The Report on NSW Land Values at 1 July 2016 found that overall land values in the region showed a moderate increase.
Exceptions to this trend were the LGAs of Lockhart (18%), Griffith (13.1%), and Bland (18.1%) where land values increased strongly.
The former LGAs of Gundagai (1.6%) and Murrumbidgee (-1.3%) remained stable overall.
The largest increase in land values in the region was for rural properties, with an overall increase of 11.6%.
The LGAs of Bland (20%), Carrathool (19.7%) and Lockhart (19.5%) experienced the strongest increases.
There was a recent sale of the <a href="https://www.realestate.com.au/property-mixed+farming-nsw-carrathool-7844346" target="_blank">Carrathool farm</a>, Haylock and Katika at an undisclosed price.
Residential land values showed moderate increases overall, however there were strong increases in the Griffith LGA (18.1%), while Coolamon (7.4%) and Junee (7.4%) LGAs experienced moderate increases.
Land values in Murrumbidgee (-8.5%) decreased moderately as supply over the period exceeded demand.
Land values for commercial land increased moderately overall by 5.2%.
Temora (14.6%) and Gundagai (14.4%) LGAs showed the strongest increases due to strength in the local rural and tourism industries.
Industrial land values for the region have remained steady.
Exceptions to this trend were seen in Temora (10%) and Junee (8.1%), which both experienced moderate increases resulting from demand by industries supporting the rural sector.
There were also smaller increases of around 5% in Griffith and Cootamundra.
For more information including interactive online land value summaries for all LGAs and 14 regions covering the state go to <a href="https://www.valuergeneral.nsw.gov.au" target="_blank">www.valuergeneral.nsw.gov.au</a>.
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Riverina rural prices up 11.6%: NSW Valuer-General

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The NSW Southern Riverina farm, Hazeldean at Womboota has been listed by Elders.
It is 1246 hectares.
Agent Wayne Eeles at Elders Echuca.
The 2889 Perricoota Road property is 15 minutes from Echuca and Moama.
It land use includes grazing, cropping, irrigation with cereals, sheep and cattle given its rich red loam and sandy loam soils .
The property enjoys supply direct from Murray River Irrigation.
The homestead comes with generous 10 foot verandahs with a restored 60 square home. 
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