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SA homestead with water licence a Smart buy

The Smart family have purchased Murrabinna Kingston SE in South Australia at auction for an undisclosed price "well over" $5.6 million, according to auction attendees. The 1708-hectare grazing property has a massive 2850 megalitre underground water licence, which was a major attraction for the Smarts, who have extensive irrigation farming operations. There are five sandstone woolsheds with steel yards and an additional three bedroom homestead. Landmark's Cameron Grundy negotiated the sale.

Grape grower goes grazing

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    Original URL: https://www.afr.com/companies/agriculture/sa-homestead-with-water-licence-a-smart-buy-20080915-j8yoq