Page 19 - TL-Spring-Property-Guide-2023

www.acmadcentre.com.au Thursday September 21, 2023 SPECIAL PUBLICATION 19
NEWS
2023 SPRING PROPERTY

McCullough now with LAWD
McCullough now with LAWD

BY ANDREW MARSHALL build our network further
with people like ourselves,
BACK when he was just 17, providing a nimble alterna-
ambitious northern NSW tive to the corporate names,"
stock and station agent Dan- said Mr McCulloch, whose
iel McCulloch was setting his wife Karina leads the live-
sights on building Australia's stock agency division.
largest private rural sell- "Being an independent
ing agency. also allows us to make quick
Now, 20-plus years lat- decisions for clients and
er, after teaming up with have the flexibility to get in
fast growing national rural and implement them the
property group LAWD, his next day."
Tamworth-based McCulloch Mr McCulloch, who with
Agencies is eyeing expansion Karina acquired almost 10
opportunities into southern per cent of the LAWD busi-
Queensland. ness, started in the rural
McCulloch Agencies' real agency game straight out
estate arm joined LAWD's of school, becoming a 49pc
property sales and advisory partner in Davidson Camer-
business from September on by the age of 20.
1, while the firm's livestock The couple launched their
business will continue to own brand in 2019 after
trade independently under the nine-branch Davidson
the McCulloch brand. Cameron agency group -
Mr McCulloch said the part of Ruralco's network
deal,whichseeshimbecome - was absorbed by Nutrien
a LAWD senior agribusiness McCulloch Agencies co-founder and managing director, Daniel McCulloch, has teamed up with fast growing national Ag Solutions.
transactions director and rural property group LAWD. Picture by Andrew Marshall LAWD, also founded rel-
shareholder, would effec- atively recently, in 2020, is
tively free up capital for his team of young talent we have Queensland border, either fices in Quirindi, Wauchope, spurt last year, but both have led by prominent rural estate
four-year-old firm to expand as part of a longer term suc- by establishing a greenfield and Sydney, and is about been mothballed, while the deal makers Danny Thomas,
both its livestock and LAWD cession plan," he said. presence or teaming up with to open in Singleton in the Sydney team is about to Col Medway, Peter Sagar and
real estate footprint. "I feel there are more op- a partner." Hunter Valley. move into LAWD's Market Tim McKinnon, with a team
"I see a lot of potential in portunities for private agen- Within the space of just Coastal branch offices at Street premises. of about 50 in offices in Mel-
growing our business base cy growth in northern and a few years the McCulloch Kempsey and Taree were al- "We certainly want to grow bourne, Sydney, Brisbane,
and making use of the good western NSW and over the brand has opened branch of- so briefly part of the growth our livestock business and Perth and Katherine, NT.

Ownership created brick by brick Sunbury

offered with

NATIONAL real estate and access the capital held within
advisory firm LAWD has these assets," Mr Foley said. a new shed
partnered with the Bricklet "Through LAWD Bricklet,
fractionalisation platform they now have the option TULLAMORE district prop-
to bring to market a prod- to sell some or all of the erty Sunbury is described
uct that both democratises property and receive capital as a great opportunity to
ownership of Australian through the sale of frac- get into 634 hectares (1566
farmland and delivers a new tionated Bricklets, with the acres) of mixed farming
pathway for farm owners to choice to stay and operate in country with a 270ha wheat
plan for succession or draw accordance with a manage- crop included.
capital from their agricultur- ment agreement. Located on the Bogan
al assets. "Just like shares in a Way, the property has
Through LAWD Bricklet, company, buyers of LAWD excellent improvements
a 'head title' is split into a Bricklets do not own an iden- including a new 24x24m ma-
co-ownership register, cre- tifiable piece of the property, chinery shed with concrete
ating a legally valid portion but rather become one of a floor, a new Proway sheep
of a larger piece of land number of co-owners who handling facility with a cov-
that may be traded on the hold a fraction of the asset. ered double race, and two
LAWD Bricklet Marketplace, "There is also the op- Through LAWD Bricklet, a 'head title' is split into a co-ownership register, creating a legally new 80 tonne Kotzur silos.
where buyers can invest in tion for vendors to simply valid portion of a larger piece of land, where buyers can invest in the Australian agriculture Sunbury also has a com-
the Australian agriculture fractionate the land, then industry without the capital needed to purchase an entire property. fortable, well-maintained,
industry without the capital apportion LAWD Bricklets three-bedroom country
needed to purchase an entire for succession planning pur- sellers the opportunity to style home with town water
property. The Marketplace poses, which may be helpful understand how the plat- connected.
also gives investors the abil- in addressing the challenges form works." There are also 11 dams
ity to buy or sell Bricklets, often posed by intergenera- Giuseppe Porcelli, chair- spread across the property,
providing liquidity and a tional transfer of ownership." man of Bricklet and its par- providing great wa-
pathway to accumulate a Mr Foley said he expected ent company Lakeba, said ter security.
diversified land proper- keen interest in the LAWD LAWD Bricklet gave people Sunbury comprises
ty portfolio. Bricklet Marketplace over an opportunity to buy into mainly red to sandy loam
LAWD chief executive the coming months, with fu- Australia's property market, soils and is timbered with
officer Enda Foley said the ture supply to likely include a wherever they want, or to kurrajong and box with
platform would be a pow- diversity of properties. broaden and enhance their ironbark on the ridges.
erful mechanism for land- "We see the appeal being LAWD CEO Enda Foley says the platform is a powerful new investment strategy. Sunbury is being sold
owners to draw capital from broad in that it has the capa- mechanism for agricultural landowners. "The platform is lowering through KMLW Rural Prop-
assets or plan for intergener- bility to provide affordable, the barriers to rural proper- erty Sales by an expressions
ational ownership transfers. simple entry for those who and self-managed funds to credits that may be earned by ty ownership," Mr Porcelli of interest process, which
"We know a historical have a personal interest in benefit from the simple pro- the land under fractionation. said. "Buyers can purchase closes on October 13.
challenge in the farm sector food production or rural cess the platform provides to "We've gone live now, in and enjoy a portion of prop- ■ Contact Gavan Coote on
has been landholders own- lifestyle at the same time as receive income distributions advance of that predicted erty without the significant 0498 153 300 at KMLW
ing properties of very high holding potential for corpo- from Bricklets that offer yield supply coming on board, to deposit that would usually Rural Property Sales,
value with limited ability to rates, high-net-worth parties or the carbon or biodiversity give potential buyers and be required." Forbes.