Rowe family exits
The Rowe family has brought to a close 70 years of ownership of prime Merino breeding property Wolhalla, selling the 5,056 hectare Flinders Ranges parcel for $2.78 million.
Agricultural land prices continue to climb as availability diminishes
Farmers are getting FOMO as agricultural land availability dwindles amid excellent seasonal conditions and commodity pricing, and land prices are expected to climb for at least the next five years as a result, with the sharpest growth to 2023.
Wanderribby grazing property sells
The McKenna family behind Midfield Meat Group has acquired the Wanderribby feedlot and grazing and farming property in South Australia, four years after the vendors initially put the asset to the market with hopes of as much as $10 million. South Australia’s third-largest feedlot, the 2,311-hectare Wanderribby has been used as a custom feedyard, feeding for three main clients, including at times Coles and Woolworths supermarket contracts, and the yard utilised in the past as a live export depot.
Eyre Peninsula cropping farm set to attract strong interest
A large dryland cropping farm on Eyre Peninsula in South Australia has entered the market after being held by one family for four generations. Telusa, the 988-hectare property, is located in the Cleve Hills, 21km north of Cleve and 164km north east of Port Lincoln and has been in the current owners family since the early 1900s.
Pub yields compress further
Continued thirst for pubs, particularly in regional Australia where demand has increased by 135%, has pushed yields down further, according to Real Capital Analytics. Benjamin Martin-Henry, RCA’s head of analytics, pacific said despite rolling lockdowns across much of Australia over the last 18 months, property investors have shown a remarkable interest in acquiring pubs, with transaction volume on course to eclipse previous highs.
Daintree National Park returns to Eastern Kuku Yalanji people
The world-famous Daintree National Park has been handed back to the Eastern Kuku Yalanji people, part of 160,000 hectares of land in Cape York that is again in the hands of traditional owners following an agreement with the Queensland government. The planet’s oldest rainforest joins Uluru and Kakadu as UNESCO world heritage sites under management of First Nations people.
Korean giant offloading 1,308ha Southern Highlands property
Hume Coal has moving to quickly sell what is the largest landholding in the South Highlands region after its plans for a $533 million coal mine were knocked back by the Independent Planning Commission (IPC). The Australian subsidiary of Korean steel giant POSCO is hoping for over $60 million for the 1,308-hectare landholding, seven kilometres from the town of Moss Vale.
Barossa grazing properties fetch $15m
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.
Riverina breeding enterprise changes hands
A producer from Riverina region in New South Wales has forked out $5.14 million for Kondoolka Station  in the heart of the Gawler Ranges.
SA cattle producer buys Wallerberdina
A cattle producer from southern South Australia looking to expand has picked up the Wallerberdina Station  prior to auction for between $3.5 million and $4 million, and will use the 23,580 hectare Flinders Ranges holding as a breeder operation.
