NSW Riverina station split between two buyers

A Victorian pastoralist family has sold its 2700ha Deniliquin farm, about three years after they bought it. See the details.

The 2731ha Yaloke station has been sold by the Stoney family to two different buyers.

A Victorian-based pastoralist has offloaded their 2700ha NSW Riverina property, splitting the expansive cropping and grazing holding between two separate buyers.

Mansfield-based Minto Pastoral Company’s Stoney family has sold the 2731ha Yaloke station, about three years after acquiring the property.

It is understood the station has effectively been split into a northern and southern portion, known as South Yaloke (1770ha) and North Yaloke (962ha), divided by the Wakool Rd.

Terms of the deal remain subject to confidentiality, but it is understood a neighbouring farming family has acquired a portion, while a Riverina farming family purchased the other holding.

Both parties have expanded their existing farming holdings.

The Stoney family initially listed the property for sale last August with a price guide of about $15 million. This figure was subsequently revised down to $12.5 million.

In 2021 the Stoney family acquired Yaloke in a $9.35 million deal with sixth generation owner Allan Wragge, but decided to sell the property to concentrate on the further expansion of their pastoral holdings.

Yaloke station has about 10km frontage to the Wakool River at its northern boundary.

The Stoneys’ Minto Pastoral Company spans about 73,000ha from Balranald in the NSW Western Division to Mansfield and the Latrobe Valley in Victoria.

During the Stoney family’s tenure Yaloke has produced prime lamb, wool and beef along with winter and fodder crops.

Yaloke also served the Minto Pastoral operations by receiving significant livestock numbers from the Stoneys’ vast pastoral holdings further north, fattening them so they can be delivered for processing at southern meat works.

The property has recently carried about 4000 ewes, 3000 lambs and 8000 mixed sex and age sheep.

The Yaloke station was also offered for sale with 1553 delivery entitlements in Murray Irrigation Limited (MIL).

About 1000ha have been laid out to flood irrigation, of which much has been developed in the past two years.

Wheat, canola, beans, barley, rice, corn and fodder crops have been grown at Yaloke, while cotton is also grown on neighbouring properties.

Nutrien Harcourts Deniliquin selling agent James Sides handled the sale.

Meanwhile, more than 500km east of Deniliquin, Dr Ann Daniel has sold the 1184ha property Dowan Hill, located in the NSW Southern Tablelands near Yass.

Sold via auction last month, the terms of the transaction remain confidential.

Dr Daniel, along with her late husband Dr Raymond Burn, purchased the property in 2019, acquiring it from the Connell family who had owned it for seven generations and more than 170 years.