Home of the Sevenbardot Poll Hereford stud, “Murrumbo” is one of a number of Upper Hunter properties now commanding investor attention.

Others include “Oratora”, a 1310-hectare riverfront property originally part of “Belltrees”, and “Kingslyn”, a 1325ha mixed farming property fronting the Merriwa River near Merriwa.

Recent sales of grazing property in this favoured region have seen prices paid from around $2000/ha to more than $3000/ha ($800/ac to more than $1200/ac), and upwards of $6000 for a cow area.

Substantially higher prices apply to river country suitable for equine or dairying pursuits.

“Murrumbo”, a large-scale holding of 3000ha (7300 acres), is owned by the polo-playing Gunn family, who relocated there from Goondiwindi, Queensland, in 2000.

Read the full story in this week's The Land.