RAY WHITE Mildura has sold almost $19 million across two recent farm sales in a strong sign of confidence in the lush region that supplies more than 80 per cent of Victoria's grapes.
One of the largest sales in recent times in Sunraysia was recently finalised by Mark Thornton of Ray White Mildura when he sold 88 Alfred Elms Rd, Trentham Cliffs this month. The buyers were a local winery expanding their operations.
Mr Thornton said the landscape was changing in the Sunraysia horticulture region, as displayed after this extraordinary marketing campaign and successful sale.
"Interest in the property came from many diverse industries and companies not just locally but also nationally and internationally. There are many large international corporations that have Sunraysia under their microscope as a place they want to invest in and that is very exciting for our region,” he said.
"I can speak on behalf of the owners in saying that it is fantastic for our region that the ultimate buyer of the property is a local to Sunraysia, Qualia Wines who operate a winery just outside Mildura, in Irymple.
"To be able to facilitate the sale of such a large scale property, resulting in an unprecedented sale price, has been a privilege.”
Late last year Ray White Mildura sales agent and partner Damian Portaro sold a 85 ha table grape farm at 115 Paschendale Ave, Yelta for $7.265M to buyers with strong foreign interests.
"This farm is essentially now a farm to plate operation. It had been marketed through another Agency for quite some time and I ended up selling it for the vendor after lengthy negotiations between all the parties,” Mr Portaro said.
"The table grape farm included exclusive varieties grown under licence, along with more common Australian varietal.”
He said there was a lot of confidence in the top end of the horticultural sector at the moment and and Ray White Mildura had several large parcels which will be available soon.
"The high end in Mildura real estate market was really moving,” he said.
"We have some big international wineries looking to buy in Mildura, plus solar farms and large horticultural operations.” Mr Portaro said.
“This region is the food bowl for Australia and international buyers firmly believe that the future is in farming.”
