Iconic Tasmanian Property, Mineral Banks, Hits the Market for the First Time in 90 Years

5 February 2025
Mineral Banks Tasmania

Rare opportunity to acquire a property with highly productive agricultural pursuits in a tightly held region.

A prestigious property in North-East Tasmania is coming to market for the first time in over 90 years. Known as Mineral Banks, this premier grazing, cropping, and native forest opportunity is ideally located in the tightly held Ringarooma district, approximately 58 kilometres from Launceston.

Held by the same family for generations, Mineral Banks spans 1,236 hectares and is a rare chance to acquire a large-scale, iconic Tasmanian property. The land is characterised by its excellent climatic conditions and highly fertile soils, making it an outstanding agricultural enterprise. The property includes 781 hectares developed for grazing, 55 hectares for intensive cropping, and 400 hectares of native forest.

Colliers National Director, Transaction Services | Agribusiness Duncan McCulloch said, “Mineral Banks is a truly unique offering in the Tasmanian market. The combination of rich red loam and alluvial soils, improved pastures, and reliable water supply from the Upper Ringarooma scheme make it an exceptional investment opportunity.”

Connor Dixon, Executive | Agribusiness, added, “The property’s extensive infrastructure, including multiple residential dwellings, machinery sheds, and upgraded fencing, supports both beef cattle and fat lamb production. Additionally, the significant volumes of hardwood timber in the native forest present diversified forestry opportunities and potential for biodiversity stewardship and carbon farming.”

Mineral Banks boasts extensive river frontage with the Dorset River and New River traversing the property, ensuring a highly reliable and secure water supply. The property benefits from 420 megalitres of Tasmanian Irrigation water from the Upper Ringarooma scheme, enhancing its agricultural potential.

The property’s structural improvements include multiple residential dwellings, machinery sheds, hay sheds, three sets of cattle yards, and a three-stand shearing shed. These facilities support the property’s current operations and offer potential for further development.

Historically operating under a traditional management structure, Mineral Banks offers an incoming purchaser the ability to capitalise on higher value farming operations, including dairying, further intensive cropping, and irrigation infrastructure development for fattening operations.

Mineral Banks at 271 New River Road, Ringarooma, Tasmania, is being offered to market via a forthcoming International Expression of Interest campaign managed by Colliers’ agents Duncan McCulloch, Connor Dixon, and Rawdon Briggs.