This article is from the Australian Property Journal archive
MORE than $80 million is expected for high-quality cattle breeding operation Flinders Island Farms in Tasmania, located in one of Australia’s most productive cattle breeding regions.
The 4,626-hectare aggregation comprises Tiree, of 2,339 hectares, Reedy Lagoon, of 1,688 hectares, and Durris, at 599 hectares, over 26 titles.
Combined, the properties make up more than 10% of Flinders Island’s total arable area.
Flinders Island Farms operates as a pasture based, self-replacing beef cattle operation focussed on breeding black Angus cattle. The cattle are sold to a range of markets in Tasmania and mainland Australia as feeder and re-stocker cattle.
Estimated carrying capacity is 75,000 dry sheep equivalents.
Flinders Island Farms has been extensively developed with improved pastures, water infrastructure, laneways and paddock layout. There is secure access to water via a series of groundwater bores and springs across the aggregation. The aggregation boasts excellent soil types with a strong fertiliser history, favourable climatic conditions and average annual rainfall of 737 millimetres. Structural improvements include cattle and sheep handling facilities, rural shedding and eight dwellings.
There is potential for further income streams via carbon abatement and biodiversity offsets.
The aggregation is for sale in-one-line or as any combination of individual titles and properties, via expressions of interest through LAWD and Nutrien Harcourts, closing Thursday, 10th October.
LAWD confirmed to Australian Property Journal a figure north of $80 million is expected.
Tasmania has seen a string of high-profile agricultural and farming assets hit the market in 2024. In the state’s north-west, Greenham Group hung up the for sale sign at blue-ribbon Westmore, optimised for beef or dairy production, with expectations of over $70 million. Westmore is believed to be one of the largest contiguous holdings of agricultural land in Tasmania, comprising 3,368 hectares in the Circular Head region.
That came hot on the heels of Chinese billionaire Xianfeng Lu’a Van Dairy company putting up one of Australia’s biggest dairy operations to the market, comprising 9,500 hectares of farmland in Circular Head. Van Dairy had just sold a neighbouring 700-hectare farm to Prime Value for $15 million.
