Gippsland farm sells for $3.250M at auction
RAY White Rural Victoria director Jason Hellyer has just sold Paringa, a versatile 569.12 ha agribusiness operation in the lush Gippsland region for $3.250 million in front of crowd of 35 people last Friday.
The sought-after farm Paringa is a fertile mix of river flat, Fernbank and Perry sandy loams.
The farm was the most expensive property sold under auction conditions last week across the Ray White Group in Australia.
The new buyer is a local organic farm operator who bought Paringa for its access to clean and green fodder.
The diversity of soil types coupled with the property’s scale and water assets underpins a successful Angus breeding, fattening and year-round irrigated fodder crop program.
Paringa – in Gippsland’s tightly held Wellington Shire – lends itself to many paddock to plate’ agribusiness activities.
Located within Gippsland’s tightly held Wellington Shire grazing, dairy and irrigation country the property lends itself to many paddock to plate’ agribusiness activities including intensive horticulture, intensive or free range cattle and sheep farming, dairy or turf production.
The property was sold by Ray White Rural Victoria director Jason Hellyer in conjunction with Bill Wyndham & Co, based in Bairnsdale, Gippsland.