Monaro grazing property Mooresprings at Bibbenluke near for sale
Mooresprings has the capacity to run a large number of livestock. It’s one of the reasons why the Moreing family decided to buy the property. Now it’s on the market and looking for a new owner.
IT was the ability to run a lot of livestock on the one property that attracted Terry and Leanne Moreing to Mooresprings.
After a family partnership dissolved, the couple were keen to find a grazing property in an area they already knew so well.
“It’s typical Monaro country, at about 830 metres above sea level but only an hour from the coast,” Mr Moreing said.
“We liked it because it allowed us to pursue our two enterprises of running beef cattle and growing prime lambs.”
The property has the ability to carry about 10,000DSE in average seasons, which equates to about a 300-head herd of breeding cattle and 2000 breeding ewes.
In the Moreings case, they ran a herd of stud and commercial Herefords as well as Merinos and prime lambs and a Poll Dorset stud of 300 ewes.
BIBBENLUKE, NSW
MOORESPRINGS
PROPERTY: Grazing
SIZE: 1107ha
SALE: Auction May 7 – online
PRICE: More than $4900/ha
AGENT: Colliers International
CONTACT: Henry Mackinnon, 0408 408 299
The country is described as river flats through to rolling hills, with some areas of steeper country. Mooresprings is rated as at least 80 per cent arable and about 690ha has been pasture improved with a mix of fescues, lucerne, phalaris, sub clover and white clover. Fodder crops are also grown to finish stock.
When the Moreings took over the property more than a decade ago, they set about putting their stamp on it.
They renovated the 1930-built house, making it a modern home but one which was sympathetic to its history. The house has three bedrooms, a modern kitchen and two bathrooms.
Other improvements include a three-bedroom cottage, original shearers quarters, hay sheds, machinery sheds, a five-stand shearing shed, new steel sheep yards, a second set of sheep yards, cattle yards, historic stables and 40 tonnes of grain storage.
They have also refenced some areas, and will be establishing an exclusion fence on one boundary of the property soon, after it was damaged in the recent bushfires. The remainder of the property was untouched by the fires.
Mooresprings is divided into 35 paddocks, and stock water is provided by the permanent Mooresprings, where the property gets its name, as well as 5.5km of frontage to the Bombala River. There are also nine dams, one of which is fed by a permanent spring, and water is reticulated to some paddocks from two different systems.
Land in the area is tightly held – the owners prior to the Moreings were the Chirnside family who had owned it since settlement.
Selling agent Henry Mackinnon from Colliers International said the sale would set a benchmark for the region.
“Prices have not been tested on the back of historically low interest rate combined with the increased land values and appetite for livestock enterprises due to strong commodity prices,” Mr McKinnon said.
“We are expecting significant inquiry from local farming families looking to acquire additional grazing country but are also expecting people from other regions who are looking to diversify.”
Mooresprings is about an hour’s drive from the major Monaro regional centres of Bega and Cooma.
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