Historic eastern Riverina aggregation sold

AN iconic eastern Riverina aggregation sold this week, via a tender process, achieving one of the highest prices in the region this year.

Lake Midgeon, known for its Australian pastoral history, is today a modern cropping, cattle, sheep, wool and lamb production aggregation comprising 8,738ha (21,591 acres) of typically flat freehold land spread over four lots. Lake Midgeon dates back to the 1860s as the relocated homestead and working centre of the 240,000ha Narrandera Run, held by colonial politician and land speculator Edward Flood. The station was taken over in 1898 by Albert Austin, co-owner of the famous Wanganella Merino stud and a string of other properties across New South Wales and Victoria, and remained in Austin hands until 1949.Vendor Sally Davies listed the property for sale with Ray White Rural Wagga Wagga's Geoff Palmer, who said he'd fielded interest from 16 parties during the six-week campaign. Lake Midgeon (5619ha), North Berembed (2064ha), Summerleigh (643ha), and Lismoyle (411ha) sold separately.

The sale ranks as the most significant so far in the eastern Riverina, but Mr Palmer would not disclose purchase price or the purchasers' names.

He did, however, say the buyers of the respective properties will use this as an expansion of existing sheep and lamb holdings, and to continue the growth of broadacre farming in the region.