Morton, Williams cattle breeders sell Delta Station in Riverina for $10 million
Well-known cattle breeders Ross Morton and Sally Williams have sold Delta Station, north of Jerilderie in the NSW Riverina, for just over $10 million.
The 8800-hectare grazing property on Goolgumbla Road in Mabins Well was acquired off-market by MB McKinnon & Company, a family operation led by Colin McKinnon from Brewarrina in Northern NSW.
The sale of Delta Station was brokered by Greg McNamara and Nick Myer of Elders Real Estate. The Mortons, who previously owned Henbury Station in the Northern Territory, bred Angus and Charolais-cross yearlings at Delta Station.
Mr McNamara told The Australian Financial Review the property was not officially on the market, but that he had been asked by the owners to look out for potential interested parties.
“The buyers thought it was a pretty good fit and negotiated a sale with the owners of Delta Station,” he said.
Mr McNamara said property values in the region had increased about 20 per cent in the past two years due to a scarcity of listings and strong market conditions. He added that values in the wool market were improving.
Delta is nestled in amongst many of the famous Riverina properties such as Goolgumbla, Cooinbil and Willandra, all noted woolgrowers.
Mr McNamara said the inclusion of two deep bores servicing 650 hectares of well-laid out irrigation, along with excellent improvements, stock water and infrastructure, added extra appeal to the property.
“Whilst previously only running cattle the new owners, a family operation from northern NSW, will run predominantly Merino sheep,” Mr McNamara said.
Mr Morton and Ms Williams purchased Delta almost 20 years ago to complement their ownership of Henbury Station south of Alice Springs, which they owned for more than 30 years.
The Mortons sold 519,000-hectare Henbury in 2011 for $13.6 million to the Commonwealth government ($9.1 million) and the since-failed RM Williams Agriculture Holdings ($4.5 million).
