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Media Release 14 March 2024

Productive large-scale livestock aggregation at Cunnamulla

Investors seeking a large-scale, well-developed sheep and goat enterprise covering a selection of southwest Queensland’s most productive livestock land will find value in the Talbalba Aggregation near Cunnamulla.

The Aggregation of 80,887 hectares straddles the border between Queensland and New South Wales and includes four holdings – Talbalba, Barrygowan, Mintaka and Dunsandle Station, comprising five Freehold Titles and four Grazing Homestead perpetual leases.

Vendor, Will Grimwade, said the aggregation offered a balance of soil types as well as the benefit of flood-out areas from frontage to two substantial creek systems, the Noorama and Widgeegoara.

The properties are currently carrying a body of dry feed including Mitchell, Flinders and Buffel grass, and the flood plains provide highly productive herbage.

“We have been running Dorper sheep in the western part of the aggregation, as well as 50,000 rangelands goats that have a sprinkling of Boer genetics, and have been able to take on agistment cattle when the opportunity presents,” Mr Grimwade said.

“One of the most impressive features is that all the land is inside exclusion fences and/or within a cluster, which assists greatly with the control of feral pests and has really boosted our productivity through being able to lock up and spell paddocks.”

The Talbalba Aggregation offers a mix of 34,452ha of wooded alluvial plains, 13,431ha of brigalow, 13,745ha of mulga sandplains, 13,949ha of mulga, 4,679ha of gidgee, 472ha of poplar box woodlands and 149ha of open alluvial plains.

The aggregation has a combined carrying capacity of 40,000DSE, with an average annual rainfall of 397mm.

The Grimwade family is based at the modern, four-bedroom Talbalba homestead, 195km south-east of Cunnamulla. The complex also features brand new governess accommodation and a seven-bedroom shearers’ quarters, as well as a workshop and large shearing and machinery sheds.

A manager is based at the second infrastructure hub at Barrygowan, 135km south-east of Cunnamulla, which has a four-bedroom homestead and features an inground, partially covered swimming pool. It also includes a school room, governess accommodation, two-bedroom staff accommodation, various sheds, sheep, cattle and goat yards, in addition to an aircraft hangar and airstrip.

LAWD Senior Director, Col Medway, said the strategic position of the Aggregation between the two major east coast goat processors at Charleville and Bourke provides flexible marketing options.

“The properties enjoy all weather access which ensures consistent access to both processing facilities, and the successful buyer will have the option to purchase the herd of approximately 50,000 goats,” Mr Medway said.

“There has been a targeted capital expenditure program focused on enhancing operational efficiencies across the properties, four new sheep/goat yards and adjacent holding paddocks, significant hinge joint subdivision fencing, water infrastructure, staff quarters and the renovation of residences.”

LAWD Director, Simon Cudmore, said the size and improvement of properties within the aggregation make it appealing to natural capital groups looking to develop future projects.

“Significant investment by the Grimwade family over the past five years has developed Talbalba into a substantial turnkey livestock aggregation and holdings of this size, scale and level of development are rarely offered to the market,” Mr Cudmore said.

“The aggregation will appeal to pastoralists seeking large-scale livestock enterprises capable of running Dorper or Merino sheep, goats and cattle, as well as investors looking to develop carbon and natural capital projects.

“At an attractive asking price of $40 million or $200 per acre Talbalba represents compelling value.”

The Talbalba Aggregation is being offered for Private Sale.

For further information contact Col Medway +61 428 481 243 or Simon Cudmore +61 433 160 413.

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