Tuesday, October 19, 2021

Barossa grazing properties fetch $15m

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Red Creek
Red Creek. Photo: Australian Property Journal

Historic grazing properties in South Australia’s Barossa have sold for around $15 million to producers outside of the region looking to expand.

The properties included the 2,549 hectare Red Creek property at Keyneton, and the adjoining Karinya Station at Moculta, spanning 2,047 hectares.

Selling agents Colliers announced the sale in November of around half of the original landholding to neighbouring owners, while the remaining productive, higher-rainfall sections of the properties located closer to the Barossa were put to the market.

The 1,275 hectare Red Creek holding included the sheep and cattle yards. Red Creek is adjacent to the famous Henschke winery and has been owned and operated by the Keynes family for five generations and is renowned for producing high quality Merino wool, crossbred lambs and Angus beef cattle.

The 947-hectare Karinya Station lot features a century-old homestead, second residence, shearing shed and outbuildings.

They were established more than 150 years ago and had been run as a single operation by the pioneering Keynes family for the past three decades.

Both consist of gently undulating gum-studded, arable land to open grazing hills with steeper slopes, and eastern escarpments include timbered, seasonal watercourses and scenic gorges.

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