Jaeschke family set 2022 South Australian auction record with $12.9m deal

At a price of more than $17,500 per hectare, a new record price has been set following the sale of a 735ha farm near Clare.

A blue-ribbon mixed farming property in South Australia has been sold at auction by Ray White Rural SA to achieve the highest auction price in SA this year, with a local Hillriver farming family securing the quality property.

The 735ha property, Hill View, was sold for $12.9m on Thursday, March 17, with the winning bid coming in to achieve an overall price of $17,551 per hectare.

Craig and Nicole Jaeschke and Grant and Megan Jaeschke were the successful bidders and now add Hill View to their existing farming enterprise with parents Rob and Lyn, continuing the long and successful history of the Jaeschke name in this premier South Australian farming district.

The vendors were Mr Kym Martin and Mr Donald Martin.

The property was first released to the market in early February with strong interest coming from a wide range of potential local and out-of-district farming businesses.

Hill View farm in South Australia has sold for almost $13m.

Ray White Rural SA joint Director and Auctioneer Geoff Schell said there were 13 registered bidders on the day with the final bids coming down to a race of three.

Mr Schell said the auction was a great result for the property and testament to the vendors presentation of Hill View and the high regard for the Hillriver area.

“I believe the sale is the highest auction sale result in SA in the ‘21/22 financial year. It was an wonderful result for our vendors,” he said.

“Hill View is a quality property. It has a great blend of prime arable land combined with excellent hills grazing land which compliment the overall running and management of the property.”

Hill View, is located 14 kilometres northeast of the renowned Clare Valley and 160 kilometres north of Adelaide in the Mid North region of South Australia.

A circa 1970s homestead was part of the Hill View property sale.

Described as a very well managed property providing for a diverse mixed enterprise including broadacre cropping, hay production and livestock options.

There is also an attractive circa 1970s homestead and extensive farm shedding on the property which is also very well fenced for cropping and livestock management, also with the benefit of good underground stock water via bores with solar pumps.

There is also an airstrip and aircraft hangar on the property.

Earlier this month, a South Australian farmer secured the ownership of a central NSW farm for almost $10m.

The two top-dollar sales also come after a local farmer snapped up a Swan Hill cropping farm for millions recently.