Location and Overview:
'Deloraine', situated in the picturesque Ovens Valley near Milawa, presents an exceptional opportunity for investors in the dairy farming sector. This historic property has been in continuous stewardship since 1951, the Allan family for over four generations, spanning approximately one hundred and fifty years has farmed in the local district. Strategically positioned at Kerrs Road, just a short distance from the charming township of Milawa, the farm spans 135 hectares (334 acres) of prime floodplain land along the Ovens River valley. The property is comprised of three contiguous freehold titles, boasting extensive road frontages for convenient access.
Production Capacity and Water Rights:
Residential and Infrastructure Features:
'Deloraine' encompasses two residential dwellings, offering both modern comfort and historical charm. The principal residence, a contemporary three-bedroom brick veneer home constructed in 2016, is impeccably maintained and nestled within picturesque gardens. Additionally, the property features the original timber farmstead, which has been thoughtfully expanded over the years to ensure comfortable accommodation for the farm's personnel. A fully operational dairy building equipped with a twenty-a-side swing-over dairy system and essential equipment underscores the farm's commitment to efficiency and productivity. Furthermore, the property boasts two substantial steel-framed hay sheds capable of storing 500 large bales of hay and silage, alongside essential infrastructure such as yards and paddock fencing.
Development Potential and Future Prospects:
The sale of 'Deloraine' coincides with a resurgence in profitability within the dairy industry, coupled with emerging corporate interest in dairy enterprises. Positioned on prime river flat country with multiple titles and extensive water resources, the property offers significant development potential and diversified enterprise opportunities. With four local road accesses and a long-term track record of viability, 'Deloraine' presents an enticing investment opportunity for discerning rural land and farm business buyers. Elders Real Estate, represented by agent Michael Everard, stands ready to facilitate further inquiries and property inspections, providing comprehensive information and guidance to interested parties.
The vendor statement and information memorandum are available for interested parties.
For more information on 'Deloraine' at Milawa, or to arrange a viewing, please contact Elders Real Estate in Wangaratta and speak with agent Michael Everard at 0408 653 161 or Dave Colvin on 0407 500 239
The size of Milawa is approximately 67 square kilometres. The population of Milawa in 2011 was 591 people. By 2016 the population was 587 showing a population decline of 0.7% in the area during that time. The predominant age group in Milawa is 50-59 years. Households in Milawa are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Milawa work in a managers occupation. In 2011, 84.1% of the homes in Milawa were owner-occupied compared with 84.4% in 2016..
Milawa has 310 properties. Over the last 5 years, Houses in Milawa have seen a 47.12% increase in median value. As at 31 October 2024:
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