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A 346-hectare family-owned sheep farm in Victoria sold for $5.3 million, fetching $6,200 per acre in its first auction in over 100 years.
A historic 346-hectare sheep farm in Victoria’s Western District, Redgum Downs, sold for $5.3 million in its first auction in over a century, drawing strong interest due to its prime location near Nareen Hall, fertile soils, and established infrastructure.
The property, family-owned for more than 100 years, features 10 paddocks, 11 dams, seasonal water sources, and improvements including a woolshed, cattle yards, and machinery sheds.
The winning bid was $6,200 per acre, reflecting continued demand for reliable rural assets in the region.
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Una granja de ovejas de propiedad familiar de 346 hectáreas en Victoria se vendió por 5,3 millones de dólares, ganando 6.200 dólares por acre en su primera subasta en más de 100 años.