Rural Funds to offload NSW cattle farm for $20m-plus

A 1728ha grazing property has hit the market, with hopes of realising a value gain of more than 50 per cent in just six years. See the details.

David Bryant, managing director of Rural Funds Management.

A specialist agricultural fund manager is hoping to return a gain of more than 50 per cent after listing a NSW grazing property six years after purchasing it.

Rural Funds Management, manager of the ASX-listed Rural Funds Group, is marketing the 1728ha Dyamberin property, located on New England Tablelands, 34km northwest of Ebor.

Offers greater than $20 million are expected for Dyamberin, which offers an estimated average monthly rate of 20,377 dry sheep equivalent.

LAWD are handling the sale of the property, as a vacant possession, via an expressions of interest closing at 12pm Thursday, August 29 through agents Simon Cudmore, George Barton and Grant Veivers.

“The Wongwibinda District is renowned as some of the highest-performing grazing land in New South Wales,” Mr Cudmore said.

Rural Funds Management are selling the 1728ha property Dyamberin, near Ebor in NSW’s New England region.

“Dyamberin will suit an institutional investor or a discerning private buyer looking to secure a high rainfall asset with excellent soils and fodder cropping options to produce premium beef.”

Rural Funds Management acquired Dyamberin in September 2018, paying $13.4 million to buy it from the Rogers family.

The Stone Axe Pastoral Company has since leased the property, carrying 800 Wagyu breeders in recent seasons.

Weaners are grown out to feedlot entry weights of 380kg, and in a good season, the property has the potential to background a further 600 steers.

Stone Axe Pastoral Company have leased the Dyamberin property from Rural Funds since 2018, running Wagyu cattle.

At Dyamberin there is 559ha of improved perennial pastures including savvy cocksfoot, atom prairie and red and white clover, boosted by annual treatments of 150kg per hectare of single super and 125kg per hectare of crop lift across the entire property since 2021.

On behalf of retail and institutional investors Rural Funds Management manages approximately $2.3 billion of agricultural assets across more than 700,000 hectares.

In recent months Rural Funds Management listed its 140,300ha Mutton Hole and 85,500ha Oakland Park properties, located 15km north of Normanton in North Queensland.

Offers more than $50 million were expected for the aggregation on a walk-in, walk-out basis.

In June Rural Funds also partially sold two of its central Queensland cropping properties, offloading a 50 per cent stake in the 2492ha Mayneland and 4130ha Baamba Plains properties to American-based investment firm The Rohatyn Group, following a $39 million deal.