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Media Release 22 February 2024

High rainfall, mixed farming – “Castle Hill” offers compelling value

Buyers looking to secure a premium livestock and cropping property in one of the safest high rainfall regions in New South Wales will find compelling value in “Castle Hill” at Baldry.

Spanning 1758 ha (4,345 acres) with a capacity of 16,000 DSE, the property is currently stocked with 4,500 Merino ewes and 250 Angus cows, and has a sale price of $15,000,000.

LAWD Senior Director, Col Medway, said with the price reduced by the vendors, Merino stud breeders Steve and Liz Phillips, “Castle Hill” now offered remarkable value for the region.

“That price equates to $8,532/ha ($3,456/ac) or $932 per DSE (bare), making “Castle Hill” the best value high rainfall mixed farming land on the market,” Mr Medway said.

“As well as an annual rainfall of 650mm, the majority of the property is highly arable which provides the successful buyer with the flexibility to choose a mix of enterprises.”

Liz and Steve Phillips, together with Steve’s parents Don and Thea, operate the Yarrawonga Merino Stud and a large-scale aggregation of grazing properties in the Harden, Yass, Monaro and Gundagai districts.

Steve Phillips said they were fortunate to buy “Castle Hill” in 2001 and added “Mountain View” and the adjoining “Fairy Mount” soon after, to make a quality aggregation with extensive road frontage.

“This property was a standout with its very reliable annual rainfall combined with strong red soils, and our focus has been on growing wheat, oats and canola crops to graze through winter before locking them up for grain recovery,” Mr Phillips said.

Over the past 22 years, the Phillips family has invested in extensive fencing and infrastructure. The property features 445 tonnes of grain storage, two shearing sheds and sheepyards, cattle yards, bull sheds, hay and machinery sheds, as well as two large homesteads.

Water is supplied from several bores through an extensive reticulated water system that is supported by dams and the Rocky Ponds Creek. A large-scale Landcare tree planting program in the 1990s has enhanced the landscape and provides protection for livestock.

“This is a blue-ribbon property in a very safe district with the potential to either divide into smaller lots or buy as a whole,” Mr Medway said.

“The added potential to expand the cropping area or maintain the current focus on livestock production makes it a very attractive prospect.”

For further information contact Col Medway +61 428 481 243 or Ian Robertson +61 429 939 949.

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