A mammoth 3230ha mixed farming aggregation in Victoria’s west has hit the market, where it could make more than $20,000 a hectare.
Adding to the pressure in our housing market, the first quarter this year saw the slowest rate of home building approvals in 11 years, according to the Bureau of Statistics. Building approvals are down in most states, with New South Wales down 34 per cent – Victoria down 26 per cent and WA down almost 15 per cent.
The Down Ampney Corporation is selling the 3230ha Mondilibi aggregation, located 12km north of Mortlake in Victoria’s west.
Comprising the 1805ha Mondilibi and 1425ha Manooka farms, the mammoth aggregation is for sale as a whole or as two separate contingent assets.
Mondilibi Pastoral Company managed by Nathan Hahn is located at the property.
Elders state real estate manager Victoria-Riverina Nick Myer and Elders Real Estate manager Camperdown Rob Rickard are handling the sale, which is expected to attract interest from a variety of buyers.
“We are anticipating a strong level of interest from a range of buyer profiles including local farming families to domestic and international corporate and institutional investors,” Mr Myer said.
Mondilibi aggregation has been listed for sale by the Down Ampney Corporation.
“The aggregation provides sufficient scale to be a stand-alone investment or would also provide a valuable addition to a large agricultural portfolio offering geographic diversity due to its high and reliable rainfall,” Mr Rickard said.
Across the aggregation there is a 17,400-head composite ewe flock in addition to the production of 830 breeders. Estimated carrying capacity is 50,000 dry sheep equivalents.
There is also considerable revenue stream due to be realised via the proposed Mt Fyans wind farm project.
The aggregation also includes the historic Mondilibi and Manooka homesteads and four staff residences.
The Mondilibi block’s history dates back to the 19th century when it was originally part of John Moffat’s extensive Hopkins Hills pastoral run, which stretched from Chatsworth to Woorndoo, according to the Moyne Shire’s Heritage Citation Report 2016.
Mondilibi aggregation includes modern sheep and cattle-handling facilities, main five-stand woolshed, extensive machinery, hay, sundry shedding and workshops and more than 1000 tonnes of grain storage.
Moffatt’s Hopkins Hills estate was sold in 1903 by his executers and subdivided into five sections, including Chatsworth House, Salt Creek, Boorook, and Mondilibi, known at the time as Flat Top Hill.
After passing through several owners during the following six decades, Mondilibi was offered for sale in seven lots in November 1960.
The aggregation is for sale, walk-in walk-out, via a two-stage expressions of interest process, with the first stage closing July 5 at 4pm.
Last month one of Victoria’s finest historic rural homesteads and 4000ha of farmland located near Bacchus Marsh, hit the market for the first time in almost 90 years.
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