Webster Cavanagh Property Agents are pleased to offer "Oakfield", a blue ribbon holding in the Kooroongarra district near Millmerran. The property is for sale via expressions of interest contiguous or in separate portions.
Area: 389.54 ha (962.57 acres) *
LOCATION:
SIZE & SCALE:
The 962.57 acre* property boasts nearly virgin soils with large areas of the brigalow belah country only recently being farmed and an opportunity to further develop some areas.
COUNTRY:
Approximately 80% arable, soft rolling, heavy brigalow belah fertile soils. Large proportion sown to sorghum over summer and now fallowed for next season. Remainder pine and sandy soils ideal for breeding cattle.
PRODUCTIVITY:
Offers ideal mixed farming country with an impressive carrying capacity of approx 100 cows. The country has been progressively developed as a high return farming based production unit and is ideal for multi-enterprise agricultural businesses incl. beef breeding, prime lambs, wool and cereal crops.
PERMANENT WATER:
Oakfield is equipped with a 'fail safe' water system. Permanent water is supplied from a reliable ground bore, which pumps to a large cement tank. Also located in the creek is a semi-permanent waterhole which held water throughout last year.
RAINFALL:
675mm p.a (Millmerran)
WORKING IMPROVEMENTS:
Machinery Shedding 1 steel shed, 3 sides with power.
Large garage ready to be built in (both sheds are under 3 years old)
FENCING:
A majority of fencing on the property is in the process of being replaced. a new fence along the creek dividing the farming country from the breeding country being a feature.
AGENT'S REMARKS:
Oakfield is undoubtedly one of the premier holdings of the Millmerran district. It holds an illustrious reputation as a productive and opportunistic rural asset.
*approx.
The size of Kooroongarra is approximately 116.5 square kilometres. It has 1 park covering nearly 5% of total area. The population of Kooroongarra in 2011 was 283 people. By 2016 the population was 44 showing a population decline of 84.5% in the area during that time. The predominant age group in Kooroongarra is 50-59 years. Households in Kooroongarra are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kooroongarra work in a labourer occupation. In 2011, 66.6% of the homes in Kooroongarra were owner-occupied compared with 88% in 2016..
Kooroongarra has 62 properties. Over the last 5 years, Houses in Kooroongarra have seen a 95.45% increase in median value. As at 31 October 2024:
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