MP Tony Windsor buys more northern NSW farmland
The independent MP Tony Windsor has purchased a 450-hectare cropping property in northern NSW, adding to his family's longstanding farming portfolio. Kelly Property Sales negotiated the sale of Mowlma which was initially listed for auction last September.
Located 45 kilometres north from Coonamble and 70 kilometres from Walgett, the recent purchase of Mowlma included a water-boring scheme and storage silos is expected to settle later in the year.
The sale price remains confidential but the Australian Financial Review has noted good-quality country in the area sold for at least $2000 per hectare, putting the sale at close to $900,000.
“We purchased Mowlma because it fits in between two blocks we already own. It makes everything more accessible,” Mr Windsor told the Australian Financial Review.
According to the Federal register of members’ interests, Mr Windsor’s family company Cintra Investments repurchased in the area in 2011 since the farm Cintra, north of the Liverpool Plains in NSW, was sold to the Werris Creek Coal company for $4.6?million.
He has bought the 450-hectare property Pygmie for about $1?million, and then the 4000 hectare, Rosewood East and Rosewood West outside Coonamble for $4.1?million.
He also took a lease last year over Escott, at Werris Creek, outside Tamworth.
Mr Windsor said the land was for farming being situated outside the mineral-rich areas of the Liverpool Plains.
“Compared to the price of land on the Liverpool Plains it’s less. The land is as productive but a little bit riskier,” he said.
“There has been a bit of competition out there for land, but not from the coal companies. They aren’t out there.”
