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WALT Portfolio Among Latest WA Listings

by Akim Kovalev
19 July 2024
in Market News
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WALT Portfolio Among Latest WA Listings
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Akim Kovalev

Diverse Farmland Opportunities in Western Australia on the Market

Three significant properties in various regions of Western Australia are now available, including the 5595ha WALT Portfolio in the Great Southern region, Flora Downs and Marri Valley west of New Norcia, and Tankhill north of Lake Grace.


Flora Downs and Marri Valley

The combined offering of Flora Downs and Marri Valley spans close to 3000 hectares in a 500mm rainfall area, listed for $12.5 million. These adjoining properties are located 18km from Mogumber and 135km north of Perth, providing an ideal setting for cropping, cattle and sheep breeding, and carbon farming.

Peter Storch from Westcoast Rural Real Estate, trading as Raine & Horne Rural, highlights the properties’ scale and diversity, noting their appeal to both local and eastern states farmers due to high rainfall and versatile soil types suitable for wheat, canola, oats, and hay.

Infrastructure includes two homes, numerous sheds, cattle and sheep yards, a three-stand shearing shed, silos, and excellent fencing, with water supplied by soaks and dams.

Tankhill

After three decades, the versatile 1365ha mixed-farming and grazing property Tankhill, near Kuender, is listed for $4.9 million. Located 27km north of Lake Grace and 280km north of Albany, Tankhill is being sold by Raymond Bushby, who is retiring.

Tankhill features sandy duplexes, gravels, clays, and loams, supporting a 2024 cropping program of 1100ha of canola and 1200 ewes and lambs. With excellent water supply from 11 dams, two soaks, two scheme water connections, and two 10,000-litre water tanks, the property is considered drought-proof.

Infrastructure includes a four-bedroom home, numerous sheds, a four-stand shearing shed, sheep yards, and four grain silos with 5200 tonnes of storage.

WALT Portfolio

The 5595ha WALT Portfolio, after failing to sell via an expressions-of-interest campaign, is now on the market. Aggregated over 11 years by First Australian Farmland, this large-scale offering is located 65km south-west of Albany, suitable for canola, cereal cropping, and livestock production.

The WALT Portfolio comprises two operational hubs near South Stirling and Green Range, with an arable area of 3937ha. The 2024 cropping program includes 1162ha of canola, 1035ha of barley, and 575ha of wheat, alongside running 9000 sheep.

Elders agent Simon Cheetham notes the properties’ benefits from a mild climate with a low frost risk and minimal heat stress days, making them an attractive acquisition for farmers or investors.

Water supply across the aggregation is provided by three bores, dams, and rainwater tanks holding 275,000 litres. Infrastructure includes two homes, a five-stand shearing shed, modern steel sheep yards, confinement feeding facilities, numerous sheds, meticulous fencing, and 562 tonnes of grain storage.

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Tags: Agriculturecroppingfarmlandhigh rainfallinvestmentlivestockmixed-farmingproperty listingsWestern Australia

Akim Kovalev

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