Wallace family to sell Willawong and Angus Graham to sell Mylora stations

Two historic farms spanning 3800ha and 3200ha near Young have been listed for sale separately, where they are expected command huge offers.

A pair of first-class NSW family farms have hit the market where they are expected to command offers worth more than $100 million combined.

The 3838ha Willawong station and the 3200ha Mylora station, both located on the NSW Southern Tablelands, have been listed for sale by two separate farming families.

The Wallace family are selling Willawong, ending a tenure at the property which dates back to 1988 when the late Dr Jane Wallace, a University of Sydney academic and Camden farmer, purchased the property.

During the past 35 years, the Wallace family added another six neighbouring farms or land parcels to Willawong including Erinvale, which is the home of her son Tony and his wife, Annabel Wallace.

Willawong, with a carrying capacity of 40,000 dry sheep equivalent, is currently stocked with 1000 trade cattle, 4000 wethers and 9500 joined Merino and crossbred ewes and replacements, turning off trade and store lambs.

The Wallace family’s Willawong aggregation can carry 40,000 dry sheep equivalent.

Canola, wheat and barley crops have been integrated into Willawong operations, while 2888ha of the property has been sown to improve perennial grass and clover pastures, lucerne and winter crops.

Offers for the property at Murringo, east of Young, are expected to exceed $50 million.

LAWD senior director Colin Medway and directors Simon Cudmore and Darren Collins are handling the sale, via expressions of interest closing by noon (AEDT) on Thursday, October 19.

“A holding of this scale and versatility rarely comes up in such a tightly held grazing area,” Mr Medway said.

The historic Willawong homestead was renovated in 2012.

An 1850s homestead stands on the property, which was part of one of the earliest settlements west of the Great Dividing Range and as a pioneering pastoral run.

Willawong also offers a 168ML groundwater irrigation licence and is watered by five bores through a reticulated water system, along with three creeks and 85 dams.

Meanwhile at Binalong in the Galong district, 50km south of Murringo, Angus Graham is selling the Mylora station.

Spanning 3200ha, the property is being offered for sale for only the second time in its 170-year history, along with a historic, six-bedroom homestead overlooking Jugiong Creek.

Mr Graham, who has lived at and managed Mylora for the past 25 years, said the property was suited to large scale livestock production.

The historic Mylora station has been held by just two owners in its 170-year history.

“The property has only ever been sold twice and it’s a beautiful mix of country, with creeks running through it as well as three bores and more than 50 dams providing great water security,” Mr Graham said.

“It’s an ideal breeding block but also perfect for finishing or trading livestock, and the infrastructure is second to none.

“The cattle and sheep feeding facilities provide drought security as well as the capacity to finish breeder progeny or room to expand on a larger scale into finishing stock.”

A historic six-bedroom grand homestead stands at Mylora.

Mylora, regarded as one of the premier holdings in the district, comprises 1800ha of arable land and 1410ha of rolling pastures, for a carrying capacity of 40,000 dry sheep equivalent.

The property, which is currently carrying 7000 Merino ewes joined to Poll Dorset and White Suffolk terminal sires, 1500 Angus breeders and 1200 trade cattle in a Wagyu backgrounding program, is also expected to command offers worth in excess of $50 million.

Mylora, which is located next to the childhood home of Australian poet Banjo Paterson, has significant existing infrastructure including a roller mill with 2660t of grain storage, a 960-head cattle drought lot and sheep and lamb feed yards with a capacity of 10,000 head.

LAWD senior director Colin Medway and directors Tim Corcoran and David Corcoran are handling the sale of Mylora via expression of interest closing at noon (AEDT) on Thursday, October 12.