Bunnaloo’s Karingal Aggregation sold to Riverina family following receiver auction

The highly anticipated sale of the Karingal Aggregation near Bunnaloo has been successfully concluded, with a prominent Riverina farming family securing the two-farm holding in a post-auction deal. The aggregation, spanning 1,484 hectares (3,667 acres) just 56km northwest of the Echuca-Moama twin towns, was brought to market after KPMG was appointed as receivers and managers of the farmland.

The auction, held at the Bunnaloo Recreation Reserve Hall, drew a strong attendance, underscoring the keen interest in quality Riverina-district assets. The property was initially offered as a whole, comprising the 988ha Karingal and 496ha Crookes holdings.

While the aggregation was ultimately passed in under the hammer, a successful deal was quickly negotiated immediately after the auction. The final sale price has not been disclosed, but industry speculation prior to the sale placed the total value of the aggregation at more than $7.6 million, which would equate to roughly $5,212 per hectare ($2,110 per acre).

The agents appointed to handle the sale, James Sides and Jake Freshwater of Nutrien Harcourts Deniliquin, confirmed that the acquisition was made by a farming family from the NSW Riverina, based outside of the immediate Bunnaloo district, and that the aggregation was sold as a single, combined unit.

North Yathong, historic Jerilderie property with Ned Kelly link, passed in at auction

A piece of Riverina history, the renowned North Yathong grazing aggregation, remains on the market after it was passed in at auction last Thursday.

The expansive 5,578-hectare (13,783-acre) holding, located just 30 kilometre north of Jerilderie, is known not only as a top-tier livestock operation but also for its unique, historical connection to bushranging lore.

Listed by the Brunt family in August, the property went under the hammer at the Jerilderie Civic Centre, where bidding reached $10.2 million.

This figure equates to approximately $1,828 per hectare ($740 per acre) but ultimately failed to meet the vendor's reserve.

While the auction did not result in a sale, negotiations are immediately underway with the unsuccessful bidders from the day. Elders Real Estate Albury agent David Gittoes is handling the ongoing discussions.

North Yathong is considered one of the Riverina's outstanding rural holdings, with a legacy stretching back to its establishment in 1850.

The property gained early fame for its pioneer work in selective sheep breeding, notably involving the McFarland family after 1880.