Thompson family to sell Booroorban and Northern NSW family to sell Marong near Deniliquin

Two separate NSW Riverina farms spanning more than 12,000ha combined have hit the market – and are expected to fetch millions.

Two separate farms located in the NSW Riverina have hit the market where it is expected they will field offers north of $30 million combined.

The Thompson family are selling their 10,293ha Booroorban aggregation after first acquiring part of the property 17 years ago.

Offers for the farms are expected to reach $1606-$1729 a hectare ($600-$700 an acre) for a total of $16.5-$17.7 million.

In 2005 the Thompson family purchased the 3501ha Cooneen farm then acquired the 3554ha Oaklands and 3237ha Park Estate lots in 2007.

The Thompson family are Melbourne-based business people who have employed a manager to run the day-to-day activities on the properties.

Elders Real Estate Deniliquin selling agent Matt Horne said the Booroorban aggregation was a renowned pastoral holding in the NSW Riverina.

“The aggregation has been carefully developed into a prime breeding and wool growing property with the addition of irrigation to finish young stock on improved pastures and forage crops,” he said.

Located 50km south of Hay and 75km north of Deniliquin, at 931 Booroorban Tchelery Rd, Booroorban has a production history of breeding and fattening livestock, wool and fodder production, summer and winter cropping.

The Booroorban aggregation consists of the Cooneen (3501ha), Oaklands (3554ha) and Park Estate (3237ha) farms.

The aggregation is for sale as a whole or in individual lots via an auction scheduled for November 11 at the Coach House Hotel, Deniliquin.

As a whole, the aggregation has carried between 6000 and 7000 Merino ewes, and 150 to 200 cows plus replacements.

There are 194ML Class G Water Entitlements and 3180ML Class F CICL Water Entitlements included in the sale.

516ML of Murrumbidgee Ground Water Entitlements will be made available to the successful purchasers at a pre-auction determined price.

Meanwhile, 1.5 hours’ drive south of the Booroorban aggregation, the 2370ha Marong farm near Deniliquin has also hit the market.

A northern NSW livestock farming family is selling the mixed farming property after buying it seven years ago.

Offers of $14 million-plus are expected for Marong, which has the capacity for grain, beef and sheep production.

A northern NSW farming family are selling Marong, near Deniliquin, seven years after it was purchased.

During the vendor’s tenure the farm has been run conservatively with 3000 ewes plus followers and 50 cows and 400 nannies plus kids on the property over the past seven years.

Additional goat numbers consisting of up to 100,000 head are turned off on a rotation basis annually.

There is about 370ha of established lucerne and pastures for livestock and hay, with capacity for further irrigation, watering and development for summer and winter fodder and grain production.

Earlier this month, the 6100ha Gum Creek and Eriwah farms near Carrathool were purchased at auction for almost $10 million by a two-family partnership, while Ian and Camilla Shippen purchased the 9900ha Rhyola and Inverness at auction for $16 million.