Huge interest in outback station
Wednesday, 10th October, 2018
By Emily Roberts
A real estate agent selling a property near Wilcannia has been run off his feet with the interest shown.
Rosewood Station, which is 15 minutes from Wilcannia via the Kamilaroi Highway and Barrier Highway, is going up for auction in Broken Hill on November 16.
Elders Real Estate Mildura is managing the sale and the auction will take place at 3pm at the North Football Club Rooms in Silver Street.
Principal Marty Deacon said he’d had so much interest that he would not be surprised if the station sold before the auction.
“I have been overwhelmed by the response,” Mr Deacon said.
“I’m getting 25 to 30 calls a day. We have the first major inspection today and will be running all inspections on Wednesday.
“We are starting to get offers. It is a very, very strong property.
“I expect the price to be strong, better than $50 an acre.”
Mr Deacon said the owners, the Galloway family, had spent their lives working and were ready to move on.
“The owners have got to that stage in life where they are well and healthy enough that they are ready for retirement,” he said.
“They are the last in the land succession line and have no family ties that want to take it on.
“The property has been in the Galloway family since 1910.”
He said the property was in top condition.
“The property has been well-kept. The Galloway family has invested heavily in fencing, drains and earth tanks.”
The homestead has been renovated and they were lucky enough to have a major storm before Christmas that topped up the earth tanks. They also received 140 points late last week.
Rosewood Station covers four Western Lands leases and has 10 main and 12 holding paddocks.
The four-bedroom homestead has two living areas, a renovated kitchen, bathroom and laundry. There is also a separate governess room with ensuite.
There is a large machinery shed, four stand woolsheds with steel and mesh yards as well as separate cattle and internal sheep yards.
“There is stock on the property,” Mr Deacon said. “The recommended stocking rate is 5,000 breeding ewes but it has been taken back to 1,200 as is recommended for drought conditions.
“The average rainfall since 1928 is 10.8 inches per year, which is reasonably good.
Mr Deacon said it was a good strong property.
“The market is very strong, even though it is dry. The interest rates are very good for buyers at the moment.”
For more information contact Marty Deacon on 0429 953 365.