News

Most significant sale in Eden-Monaro farming sells off-market

ByLyndsey Douglas

After operating their breeding enterprise in the Monaro for 11 years, owners Rod and Sue Nicholls of Kybeyan Station, Nimmitabel, have sold in an off-market transaction achieving one of the highest prices in the region this year.

Geoff Palmer, a Rural and Agribusiness specialist for Ray White Rural in southern NSW, said the 4000-hectare property was in a high rainfall location, with an elevation of 1000m which created ideal cool climate grazing.

Kybeyan Station, with its carrying capacity of 1000 cows, featured a large homestead, dual frontage to the Kybeyan river, large woolshed and large capacity steel cattle and sheep yards.

“The country is in excellent condition and is carrying a good body of feed,” Mr Palmer said.

The sale will be the most significant so far in the Eastern Monaro region, though agent Geoff Palmer would not disclose the purchase price, as he respected the confidentiality of all parties involved.

However, he did say the domestic buyers of Kybeyan Station will use this as an expansion of existing cattle and sheep holdings.

ENDS

Geoff Palmer 0437892522

Up to Date

Latest News

  • Boys in yellow achieve record fat lamb price in Forbes

    A brand new livestock team in the region is making headlines achieving the highest recorded price for fat lambs in 2019 at the Central West Livestock Exchange this week. On Tuesday, Ray White VC Reid topped the weekly lamb sale for the third time in as many months including having … Read more

    Read FullPost

  • Big dry hasn’t dampened rural sales in NSW

    Ray White Rural’s analysis of the first quarter of 2019 shows despite vendors being cautious about listing during dry times, discerning buyers are out in abundance. Domestic buyer opportunism is being buoyed by rising commodity prices, a low Australian dollar, and restrictions on foreign buyers, despite fewer properties being marketed … Read more

    Read FullPost