This article is from the Australian Property Journal archive
A HIGH-quality Riverina livestock, dryland, irrigated cropping and fodder enterprise has been split up into four parts and sold to locals in deals totalling $30 million.
The operators of agribusiness freight company Deniliquin Freighters, Russell Tait and Vicki Meyer, put the 3,626-hectare Gundagurra to that market nearly 12 months ago with expectations of $25 to $30 million.
Gundagurra, located 14 kilometres east of Deniliquin, had been amalgamated over 20 years by the partners. It was for sale as a whole or in six adjoining lots, including the 1,262-hectare Gollops Run, the 842-hectare Pretty Polly, Boundary Park (434 hectares), Gundagarra (433 hectares), Prosperity (371 hectares) and Bluebell (281 hectares).
Ultimately, the Nutrien Harcourts campaign saw the aggregation sold across four lots, to near neighbours and locals.
Gundagurra has run about 3,800 sheep and 230 cows and calves plus replacements on Tuppal Creek finishing country in recent years.
Summer and winter crops include rice, wheat, barley, oats, sub clover and lucerne.
Water access and supply could potentially enable irrigation development to grow cotton crops or permanent horticultural plantings. Gundagurra 1,000 hectares of drought-proof irrigation and 3,000 hectares of alluvial, self-mulching and soft loam cropping country.
Improvements include new machinery shedding, hay sheds, wool sheds, sheep yards and cattle years. There is 52 kilometres of exclusion fencing.
Elsewhere in the Riverina, Victorian Jock Richmond from Rose Grange Pastoral has just reached across the border and grabbed blue-ribbon 1,643-hectare Wantagong Station for about $40 million. Wantadong produces beef cattle, wool, prime lamb and fodder, and has an estimated carrying capacity is 25,000 dry sheep equivalents.
