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PRESS RELEASE: Scotts Creek, Murrurundi – Upper Hunter NSW

PRESS RELEASE: Scotts Creek, Murrurundi – Upper Hunter NSW-property-sale-upper-hunter-nsw-australia

PRESS RELEASE

"Scotts Creek"

Murrurundi

Upper Hunter, New South Wales

An extremely scenic and highly productive, low cost rural property.

The well held Upper Hunter rural holding Scotts Creek is being offered for private sale, by well known rural property specialists Meares & Associates, Sydney.

Located in the foothills of the very productive and sought after Liverpool Ranges, 12km from the New England Highway townships of Blandford and Murrurundi, 60km from Scone and comprising just over 5,000 acres (2,025 hectares), it has historically been renowned for its woolgrowing and Merino sheep breeding ability, but in recent times its production of quality Angus and Hereford weaner cattle for the blue ribbon production markets and feedlots.

Situated at between 600m and 900m above sea level, in the south-eastern foothills of the Range, the property with its mainly chocolate and black rich basalt soils, is well watered, with running creeks, active springs and surface dams, complementing the average annual rainfall over the past 27 years of 840mm – over which time only three years have recorded under 600mm.

The farm improvements include the 3 bedroom manager’s home, together with 2 sets of cattle yards, 6-stand wool shed, 2 sets of sheep yards and 2 machinery sheds.

Regarded as a "livestock factory", Scotts Creek in recent years has carried 500+ breeding cows, together with 1,000 to 1,500 Merino ewes or wethers – conservatively rated to carry 10,000+ DSE.

Chris Meares commented:

"The timing is opportune for those wishing to invest in the rural sector.

Such factors as:

  • Sheep prices are high, but cattle prices are as low as we have seen for a number of years, therefore an ideal time to stock a property.
  • There is cheap funding available from the banks with unusually low interest rates.
  • A continuing strong outlook for wool and beef prices – the National sheep flock and cattle herd at historically low levels.
  • A shortage of quality larger properties for sale.
  • Recent rains have led to a return to better seasons at Scotts Creek and a strong demand for properties in higher rainfall areas.

Overall Scotts Creek presents as a low cost, highly productive, well situated and extremely scenic property which can be regarded as an excellent investment in a versatile and highly diversified rural property, located in one of the ‘safer’ agricultural regions and most sought after rural areas of New South Wales", he concluded.

Scotts Creek is now available for sale at $6.5m.

For more information on this property, click here

Chris Meares
Meares & Associates
Sydney NSW

 

Friday July 26th 2019Chris Meares