- Agricultural sales are expected to grow at double-digit rates this year
- The property has been listed for $5.9M
- Tarwoona Downs has been with a single family since 1963
Tarwoona Downs, a family-owned and operated grazing property has come to market.
Located 16 kilometres from Enngonia, 116 kilometres north of Bourke, or circa 850 kilometres northwest of Sydney, the 12,603 hectare property has been held by a single family since 1963.
Jointly listed by LAWD and GPS Rural, the property is home to several types of livestock.
“Danny White is renowned for his conservative management practices, and ability to maintain good ground cover across the holding. This good management has been matched with a number of good seasons, and the property supports a 5,000-head, self-replacing flock of Pooginook Merino ewes as well as 70 Santa Gertrudis cows and calves, plus opportunistic cattle agistment of up to 500 head,” LAWD Director, Tim Corcoran said.
“As a result of the large-scale nature of the property, and access to reliable water through the artesian bore, the holding has already received strong interest from families and agribusinesses looking to expand their grazing operations.
Tim Corcoran, LAWD Director
“There is also a strong goat population on the property, which is another point of interest for potential buyers given it can provide a significant additional income stream, especially during the dryer years.”
The property has 13.7 kilometres of Irrara Creek frontage and a naturally pressured artesian bore system feeding into a system of tanks, head tanks and articulated troughs.
In addition, its 332.7mm annual rainfall average provides a healthy sward of mitchell, buffel, and blue grass.
Tarwoona Downs also includes a four-stand shearing shed and yards, cattle yards, and machinery sheds. The homestead features four bedrooms and additional quarters. The property is noted to also have good mobile coverage.
Vendor Danny White said Tarwoona Downs boasts a combination of open plains and sheltered timbered grazing of Myall, Mulga, and Gidgee, and is spread across a combination of red sandy loams with grey, brown and red soils.
“In summer, it is native pasture, and in winter, it is herbage, providing an enviable balance over the year, ” White said.
“It doesn’t take much rain for the property to come to life. Although, the best view is the incredible sunrises and sunsets from the bull bar on the ute.”
The property is now listed for sale for $5,900,000.
Agriculture expected to see strong price growth in 2023
Among other unique listings, Spadely Station came to market in mid-April this year.
Also earlier this year, the Rabobank annual Australian Agricultural Land Price Outlook was released, with favourable conditions expected to bolster the sector.
The outlook forecasted double-digit percentage growth again this year, albeit with a slower pace come 2024.
Rabobank’s report said the three consecutive seasons of good financial performance in Australia’s farm sector were “… driven by high commodity prices and good weather conditions for the majority of the country.”
The bank’s analysis of Digital Agricultural Services (DAS) farmland sales data found that agricultural land prices rose 29% across Australia in 2022 (median price per hectare). Cropping land and dairy likewise rose by 29%, with livestock grazing land rising by 26%.
