Naranghi lists for $14 million
The 789-hectare Naranghi property in Victoria’s southern Wimmera has entered the market for $14 million, or $17,744 per hectare, following nearly 70 years of family ownership.
Located near Telangatuk East, the enterprise is being sold on a bare basis by Tom and Amity Dunstan, Grain Central reported. This tightly held district property features undulating country with deep sandy and clay loams.
The property sits 57 kilometers south-west of Horsham on the western approaches to the Grampians Ranges. It combines two adjoining blocks: the 372-hectare Home block and the 415-hectare Robbies block.
Turnkey cropping systems
Elders agent Damian Venn described the farm as a “genuine turnkey cropping operation” that has thrived in a 525mm average annual rainfall zone. The site transitioned from mixed farming to continuous cropping in the early 2000s. The operation supports rotations of canola, wheat, and beans, alongside cereal straw bale production, with opportunistic summer crops such as corn, sorghum, safflower, and mungbeans.
Current infrastructure supports precision agriculture, including 2cm real-time kinematic guidance, soil mapping, and variable-rate applications. The system utilizes controlled traffic farming, zero tillage, and stubble retention to maintain productivity. Both blocks feature contour drainage, gravelled boom spray fill sites, external fencing, and gateways.
While the operation is currently stock-free, Mr. Venn noted the existing infrastructure, such as laneway systems and fencing, would allow a buyer to reintroduce livestock if desired. The Robbies block includes a shed, a three-stand shearing shed, two dams, and permanent underground water supplied by two equipped bores.
Price expectations for Great Southern
In Western Australia, First Australian Farmland has lowered price expectations for its Goodhope and Tagliaferri aggregation near Green Range. The 2543-hectare holding is now expected to fetch between $14 million and $15.5 million, according to Grain Central.
Both properties are a short drive from Wellstead and sit close to multiple CBH sites. While the properties are currently destocked, they carried nearly 9000 sheep in 2023, with animals finished in confinement feeding facilities.
Regional land values
The land was returned to agricultural production from forestry plantations over the past decade and currently supports wheat and canola rotations, with this year’s program including 420ha of wheat and 328ha of canola. Soils consist of sands over gravel, sands over clay, and gravelly sandplains.
The properties benefit from a 620mm average annual rainfall. Mr. Thomas stated that he expects interest from both farmers and investors looking to expand their holdings within this high-rainfall production zone. Goodhope features grazing flats, elevated undulating country, and infrastructure including a three-bedroom home, three sheds, a five-stand shearing shed, and steel sheep yards.
Frequently asked questions
What is the primary water source for the Robbies block at Naranghi?
Why were the Goodhope and Tagliaferri properties destocked?
The properties are currently run as a cropping-only operation. They were previously used for sheep production as recently as 2023, when they carried approximately 9000 head.
Does the Naranghi property include grain storage?
Yes, the Home block includes nine silos with a combined capacity of 885 tonnes, alongside two dedicated fertiliser silos.
Worth a look