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flag 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.

flag 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. flag 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. flag The winning bid was $6,200 per acre, reflecting continued demand for reliable rural assets in the region.

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