Entry-level appeal at Edgeroi

The 785 hectare (1940ac) property in the Narrabri district near Edgeroi has good cash flow potential, appealing climate conditions and affordability, says selling agent Rob Southwell, Ray White Rural Narrabri.

Mr Southwell said the property would be ideally suited to young farmers seeking a starter block, given the affordability of the district, as well as the added bonus of crops which are included in the sale.

Those crops are wheat, faba beans and canola, which have been planted across 526ha (1300ac).

Areas planted are 344ha (850ac) of wheat, 104ha (257ac) of canola and 80ha (198ac) of faba beans.

Mr Southwell said the crops received a good boost at the end of last month with about 50mm falling on the property.

The current owners are Boggabri-based cotton growers who purchased “Couradda North” in 2010.

They are selling for succession planning reasons.

The previous owners had run “Couradda North” predominantly as a grazing block, and so the property was transformed to have more of a cropping emphasis.

More recently, improvements by the current owners have included upgrades to both internal and boundary fencing.

Mr Southwell said aside from this year, since 2010 the current owners planted the property to wheat, with 75 per cent to crop and 25pc fallow.

This year, more of a cropping rotation has been introduced with both canola and faba beans planted in addition to the wheat.

Mr Southwell said the current owners had placed an emphasis on doing things well on the property, and that was evidenced by factors such as their fertiliser program.

This has included between 200 and 230 kilograms per hectare of urea applied to the property annually since 2010.

“The farming side of the property has been made more efficient,” Mr Southwell said.

Two aerated silos were added to the property by the previous owners.

Infrastructure also includes a steel machinery shed, as well as steel sheep and cattle yards.

Mr Southwell said “Couradda North” represented good rainfall and water in general.

Average annual rainfall was about about 730 millimetres, and the property features a solar-powered bore which was installed in 2004.

Water is stored in a 126,000 litre tank which then feeds down to seven troughs.

“Couradda North” is about 50 kilometres north of Narrabri.

The property represents good soil types, comprising black basalts with some red loams.

The three bedroom cottage has recently been painted inside and out.

“Couradda North” heads to auction on September 27.

Mr Southwell said the current owners had also sought good agronomy advice for the property which was reflected in its overall management and productivity.

He said the property represented a good entry level opportunity for younger buyers.

Contact Rob Southwell, 0419 269 328.