Rural property Barwon Vale sells for $9.3 million in NSW auction
Barwon Vale, a 4,524-hectare grazing property near Walgett NSW, sold at auction for $9.3 million to a local family.
Barwon Vale sold under the hammer for $9.3 million at a Walgett District Sporting Club auction, drawing about 50 people. Five active bidders from 13 registered competed, with the auctioneer moving from a $6 million opening bid to the final $9.3 million sale in about 15 minutes.
The property spans 4,524 hectares and sits on fertile black self-mulching soils. Barwon Vale has good grazing potential after recent rain and access to water via the Youendah scheme.
The Barwon River frontage and mix of open and timbered country add appeal. Infrastructure includes the original shearing shed and sheep yards.
- 4,524 hectares (11,179 acres)
- Size
- $9.3 million
- Sale price
- $2,056 per hectare ($832 per acre)
- Price per hectare
- About 50 people
- Auction attendance
Why it mattersStrong results at rural auctions signal confidence in agricultural land even as farming costs and market pressures persist.
AustraliaRural property markets in NSW continue to show strength, reflecting ongoing investment in Australian grazing and farming operations.
✓ Claims checked against the source. checked 2 h ago
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