NSW grazing farm Neringah at Boorowa sells for more than $6m

A tightly held NSW grazing farm has sold for more than $6 million. See why the property attracted the high price.

NSW grazing farm Neringah at Boorowa has sold for more than $6 million.

The 875ha property sold at online auction for $6,650,000 last week. It had an asking price of more than $4920 per hectare.

The property, marketed by Ray White Rural, had been owned by Malcolm Williams for 20 years.

Mr Williams purchased his first Boorowa farm in 2000 and over time added to the land to make Neringah the 875ha property it is today.

Under the Williams’ management, the property has run a herd of about 170 stud and then commercial Poll Hereford cows and their offspring, as well as a mob of 1700 first cross ewes targeting prime lamb production.

Neringah’s land is described as undulating to steep, with a mix of basalt and granite soils.

Part of their development plan was to install a reticulated stock water system, which provides reliable water to all grazing animals.

Two bores service the 21 troughs while the Kangaroo Creek also supplies water to some of the paddocks.

Ray White Rural’s Chris Malone recently told The Weekly Times Neringah’s house is “built in Colonial Georgian style – the owners drew the plans and then they were developed by an architect”.

“It’s not a pretentious house at all and it’s something that the owners have loved to have friends to visit and entertain,” he said.

MORE PROPERTY

PORTION OF DUNKELD PARK SOLD UNDER THE HAMMER

WHY AG LAND PRICES ARE EXPECTED TO HOLD FIRM

GUNDALE STATION FOR SALE