Glenclair Aggregation, Billabar, Eaglewood Park: Summer farm auctions return mixed results

A pair of Riverina farms have been snapped up by neighbours in an eight-figure deal, while a 4210ha station failed to sell through auction. See the details.

The 4210ha Glenclair Aggregation was passed in through auction for $14.75 million.

A series of summer farm auctions have returned mixed results as the 2024 selling season comes to a close.

At Bendemeer in the New England region of NSW, the McLachlan family’s Glenclair Aggregation has failed to sell through auction.

The 4210ha aggregation of three properties; Glenclair, Airlie Station, and Yaccamunda, was offered for sale as a whole on December 11 where it was passed in for $14.75m.

Nutrien Harcourts Tamworth and Armidale selling agent Joel Fleming said negotiations for the sale of the property were ongoing post-auction.

The McLachlan family aggregated the holding across the last 45 years creating a property with productive river flats, soft undulating cleared country to steeper, heavily timbered areas capable of running up to 750 cows and calves.

Irrigated cropping farmland at Boundary Road, Murrami NSW, was sold through auction for $6.25m.

Meanwhile in southern NSW a pair of Riverina cropping properties were sold under the hammer for a combined $11.51m between two neighbouring farmers.

On Thursday, December 5 at the International Hotel Wagga Wagga, Farms 417 and 2131, spanning a combined 720ha were sold for $6.25m.

Located 29km from Griffith on Boundary Rd at Murrami, Farms 417 and 2131 were for sale as part of a receiver’s sale, offering 2100 Delivery Entitlements with 224 General Security water entitlements.

Comprising red brown earths to heavier clays about 560ha were developed to lasered levelled flood irrigation.

Also offered for sale as part of the receiver’s sale was the 1091ha cropping farm, Billabar, at Binya, about 40km north of Murrami.

A different local farmer purchased the property for $5.26m under the hammer.

Considered 95 per cent arable, Billabar, is a dryland cropping property across red brown earths to some heavier clays.

Elders Real Estate Riverina agents Angus Macleod, Henry Mackinnon and Nick Myer handled the sales of the Binya and Murrami farms.

The 323ha Creightons Creek property, Eaglewood Park remains on the market after it was passed in through auction.

Meanwhile on Wednesday, December 11 prominent Riverina farmers, Michael and Anna Coughlan’s 323ha northern Victorian grazing property failed to sell through auction.

Eaglewood Park, at Creightons Creek, was passed in on an undisclosed vendor’s bid at the auction and is now for sale privately through Elders Real Estate Euroa.

The Coughlan’s purchased the undulating property in 2020, but is now surplus to their farming requirements.

Riverina graziers Michael and Anna Coughlan.

Eaglewood Park is subdivided into 43 paddocks, with perennial water sources including creeks, spring-fed dams and two bores along with recently updated tank and trough infrastructure in an annual average rainfall district 850mm.

The Coughlans hold a significant grazing footprint in the Riverina thanks to their pair of properties; Tarabah, at Morundah, spanning 17,000ha and the 4400ha Mt Narra Narra Station, at Holbrook.