— Editorial —
Mudgee Region estate Guntawang sold by Cullen Royle
The Real Estate Conversation
594 – 680 Goolma Road Gulgong sold by Richard Royle and Deborah Cullen of Cullen Royle attracted enquiries from the USA, China, Singapore, Hong Kong and UK.
The approximately 451.7 hectare (1,116 acre) property is one of Australia’s most notable rural properties, positioned on the banks of the Cudgegong River. Guntawang’s grand colonial homestead was designed by renowned colonial architect John Frederick Hilly and built in the late 1860s to early 1870s.
Speaking to LUXURY LIST WEEKEND, Richard Royle said the sale attracted enormous enquiry and interest across a very broad segment of buyers.
“Guntawang is one of Central Tablelands most iconic rural properties and has a long association with the horse racing industry in Australia. The beautiful colonial homestead and stables are highly regarded for their architecture and Guntawang was the birth home of the mother of one of Australia’s most noted poets, Henry Lawson,” Richard told LUXURY LIST WEEKEND.
“The marketing attracted a diverse mix of buyers mainly from NSW, Queensland and Victoria, and international enquiries from USA, China, Singapore, Hong Kong and UK. Guntawang is also a thoroughbred stud and attracted buyers in the equine industry. Guntawang’s colonial buildings and rich history makes for a tremendous tourism destination or grand private estate.”
Guntawang was once a self-contained community with its own school, post office, church and inn which serviced workers and miners of the surrounding gold fields. A lot of the original buildings remain today and would make an outstanding tourism destination or remain a private estate as it is today.
The buyers are a Sydney based family who are looking forward to being the next custodians of such an iconic and productive property.
While the amount of enquiry for the Mudgee property was strong, Richard told LUXURY LIST WEEKEND he had noticed a slump in inspections.
“We have noticed a lot of our buyers are currently travelling internationally and inspections have dropped off accordingly. The current wave of positive COVID cases and flu in Australia is also attributing to the lower number of inspections. However, the enquiry remains strong with buyers reluctant to travel, if they can avoid it right now.”
