Record production sparks strong interest in Coonalpyn Olive Grove
This year’s record olive production in Victoria has created strong interest in olive groves over the border with multiple expressions of interest for a 965 hectare South Australian property with over 119,000 irrigated trees.
Expressions of interest for the Coonalpyn property close on August 15 with selling agents Knight Frank are reporting renewed interest in olive groves following a few years of turmoil in the industry.
In 2007, production was five million litres of oil, and this year growers will harvest a record 15 million litres – about two and half times more than last year.
Ten years ago the figure was less than one million litres but during the last decade Australia's olive industry has grown into an agribusiness turning over more than $100 million annually.
Knight Frank Agent Garry Partington said investors are starting to look closely at the future potential of olive groves now the industry has weathered the storm over the last few years and readjusted to market conditions.
“According to recent reports in the Fairfax press the future looks promising with exports accounting for 40% of production, and local demand set to increase by 60% a year, said Mr Partington.
“The Coonalpyn property is ideally placed to take advantage of future industry growth and increased demand for high quality olives, with yields expected to increase over the next 4 years to reach maximum output in around 2018.
“The property comes with a 1,523 mega litre water licence, which provides for 5.3 mega litres per planted hectare, ensuring a sustainable future.”
Situated at Lots 51 and 52 Burns Road, Coonalpyn, the property is comprised of two Certificates of Title over 965 hectares of land and is made up of olives groves, native vegetation and land suitable for development.
The property shares access off Burns Road with a neighbouring olive grove.
Radio controlled irrigation system sits above an underground aquifier which provides a year round licensed water supply on demand that services the olive plantations.
The property is located in the upper eastern region of South Australia bordering the Mallee region, approximately 15km east of Coonalpyn off the Dukes Highway, the main highway between Adelaide and Melbourne.
For further information, please contact:
Agent:Garry Partington, 0418 845 973or 08 8233 5282 or George Mocatta 0412 804 494 or 08 8233 5278
Recent News
- SA tourism giants join forces on first day of forecast bumper summer season
- Adelaide Airport named Capital City Airport of the Year
- TikTok sensation Homeboy opens city café, supported by Renew Adelaide
- CH4 Global to attend Australia’s premier investment event
- $250 million Forestville project launch
- National Pharmacies recognises suppliers at 25th annual Supplier Awards
- Australian climate change leader Prof Tim Flannery to headline international seaweed conference debuting in Australia next March
- Yugo partners with RMIT to offer six Accommodation Support Scholarships
- Utopia Care wins national award for NDIS service provision excellence
- Adelaide welcomes back Emirates
- Two more Black Hawks delivered for Aerotech’s firefighting fleet
- Whole Asparagopsis seaweed much more effective than bromoform alone in reducing cattle methane emissions, study finds
- Helping Hand partners with Port Augusta Technical College to offer career opportunities in Spencer Gulf cities
- SA’s iconic Popeye to launch its second Ramsay Art Boat
- Hutt St Centre sees record annual demand as it marks World Homeless Day
- Guide Dogs Names Top South Australian Accessibility Advocates
- Pride advice acquisitions lead to growth
- Giving back brings rewards for talented international student of the year
- Blog: When did you last check your company’s digital health?
- National Pharmacies welcomes expanding scope of practice for pharmacists in SA