Liverpool Plains farm passed in at $4.5m with negotiations continuing
Mentone is a farming and grazing property on NSW's Liverpool Plains. It spans 893 hectares. The property was passed in at $4.5m at auction. Buyers are still negotiating.
Mentone is a productive mixed farming enterprise near Coonabarabran. It did not reach its reserve at Elders auction on Thursday.
Negotiations are continuing. The property spans 893 hectares across 16 freehold titles.
About 75 per cent is suitable for cropping. The property includes 625 hectares of arable basalt soils ideal for dryland cropping.
There is also a working livestock enterprise. A key feature is an established sheep feedlot with 800 head.
It has room to expand to 1,600 head. The property has new exclusion fencing.
It has reliable water from a new bore and reticulation system. There are also dams and creek frontage.
Supporting infrastructure includes cattle handling facilities, accommodation and machinery sheds.
- Mentone
- Property name
- 893 hectares
- Size
- $4.5 million
- Reserve price
- 800 head, expandable to 1,600
- Sheep feedlot capacity
Why it mattersThe passing-in suggests softer demand. Large mixed farms at the $4m-plus price point are not selling as well. This affects vendors seeking to exit the farming sector.
AustraliaThe farm's passing-in reflects current softness in rural property markets for larger enterprises in key NSW agricultural regions like the Liverpool Plains.
✓ Claims checked against the source. checked 6 d ago
