Two Victorian farms sold for almost $20 million combined

A stunning 800ha Grampians farm has been snapped up by a local buyer, while a 390ha cattle station north of Melbourne has also changed hands.

Two prized rural Victorian estates have changed hands in deals worth nearly $20 million combined as the state’s spring selling season takes shape.

The retiring Jim and Glenys Osborne have sold their Strathglen Station, located on 390ha at Strath Creek in Victoria’s Murrindindi shire.

Capable of carrying about 350 breeders alongside its four-bedroom homestead constructed in 2001, the Strathglen Station was listed for sale in October this year where it was expected to receive offers worth $11.5-$13 million.

Specific terms of the deal remain undisclosed, however, it is understood the property was sold for a figure in the vicinity of the lower end of the price guide.

The purchaser, who also remains undisclosed, is understood to be a local farmer in the Strath Creek district who has added the property to existing agricultural holdings in the region.

Selling agent Anthony Knight said the property received interest from mostly local and Melbourne-based prospective buyers.

A four-bedroom homestead is the centrepiece of Strath Creek’s 390ha Strathglen Station.

The Osborne family had owned Strathglen Station for two decades, transforming the property from bare paddocks to the striking rural estate standing today.

Meanwhile in the state’s west, an undisclosed young Grampians farming family has purchased the 809ha Greenhills property at Pomonal, located 14km from Stawell.

Vendors Paul and Loraine Fitzgerald listed Greenhills for sale in July this year where agents noted recent farm sales in the local area had achieved rates ranging from $14,825-$21,000 a hectare.

Terms of the deal remain undisclosed, however it is understood the property was sold for more than $10,000 a hectare.

The Fitzgerald family has sold their 809ha Greenhills property, located at Pomonal.

It is also understood the local purchasing family is adding the property to their existing holdings in the Grampians region.

During their tenure, the Fitzgerald family added about 72ha to the holding allowing them to turn off 3000 sheep and lambs annually, which were sold and processed locally, in recent seasons.

Greenhills is considered 75 per cent arable with about 50 Hereford heifers and steers carried alongside about 80ha cropped annually, generally for stock feed.

The property is also located close to the Grampians National Park offering clear views of its eastern edges.