This article is from the Australian Property Journal archive
THREE islands in the heart of South Australia’s Coorong Wetlands, at the mouth of the River Murray on the Fleurieu Peninsula, have been put to the market for the first time in more than a century, with interest expected to come from buyers ranging from cattle farmers to the state government.
Mundoo Island Station is a working cattle and sheep station that has been held within the Grundy family since 1922. The islands collectively span approximately 1,907 hectares around one-and-a-hours’ drive south of Adelaide and minutes from Goolwa and the South Coast, one of the state’s most popular coastal holiday destinations.
Mundoo Island, the largest, covers around 1,197 hectares, including 885 hectares of freehold land and 312 hectares of perpetual leasehold land.
Ewe and Long Islands, totalling about 710 hectares, are held under perpetual lease.
The Coorong region is renowned for its freshwater and saltwater ecosystems, and the islands are a sanctuary for wildlife and a crucial habitat for migratory birds and native species.
“It’s just too hard to put a price on. There’s just so many different uses and outcomes for it,” Colliers Agribusiness listing agent Tim Altschwager told Australian Property Journal.
“Mundoo Island is anticipated to attract a diverse range of buyers,” he said.
“Anywhere from farmers – cattle farmers and sheep farmers – to ecotourism to environmental groups, as well as maybe the state government, due to the location of it and the sensitivity of the Coorong system.”
He added that groups could be seeking to incorporate eco-conscious practices while environmental organisations may have a focus on conservation. Domestic and international enquiry is anticipated.
With their exclusive Coorong fresh and saltwater frontage, the islands offer stunning views and direct access to pristine waters from various dwellings and shacks. They hold significant potential for eco-friendly developments such as eco-lodges, birdwatching stations, and sustainable retreats.
“It’s pretty amazing place when you’re on it, with its waterways and everything around it. It’s pretty unique,” Altschwager said.
Colliers Agribusiness’ Jesse Manuel added, “Ramsar-listed wetlands are globally recognised for their environmental importance, and this sale offers a chance to protect and enhance this delicate ecosystem.”
Prospective purchasers are invited to submit non-binding indicative offers.
