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The Canberra Times
The Canberra Times
Lucinda Garbutt-Young

Mylora estate up for sale with $30 million price tag

One of the Yass region's best-known properties is up for sale through an expression of interest process, with a $30 million price tag attached.

Mylora homestead, in the small town of Binalong, has been held by the family of Angus Graham for 27 years.

He was married on the site, as were some of his staff, and he has watched his four children grow up on the land.

It is a grand estate with rolling paddocks and views, ideal for entertaining.

Mr Graham and his wife, Emma, are not the first to enjoy parties at the Mylora estate, based at 715 Illalong Road, Binalong.

"It has always had a big influence on people's lives. It's very well known for parties and as a wonderful place to live," Mr Graham said.

Mylora is well-known in the area for its beautiful grounds, house, and thousands of Merino ewes. Picture supplied

The home was built around 1850 and has been a place of rich history and celebration since.

The original owners, the Garry family, considered pioneers of the local area, used to entertain on the property's lawns.

The land is tightly held, with Mr Graham and his family being the second owners since the house was built.

Mylora has colourful elements to its history, too.

Bushranger Ben Hall lived at the property for a time and was accused of stealing two horses from the grounds in 1863.

Horse-drawn carriages on the well-known Cobb and Co route stayed at the property.

They were used to transport goods, gold, prisoners and passengers.

Prisoners were held in Mylora's jail room during rest stops. It has recently been converted to a self-contained apartment underneath the homestead.

A shootout at Mylora between Hall and locals also occurred.

Selling agent Stuart Davies of McGrath Rural said the Australian gothic connections gave Mylora a "romantic" mystique.

The house has historic places for entertaining. Picture supplied

Famed poet Banjo Paterson's first poem, Mylora Elopement, was written about the property.

Paterson grew up next door on Illalong Station, where his father was the manager, and he was taught in a bush school at Binalong.

But Mylora is also a working farm, and for the Graham family, it is time to move on to new pursuits.

The family grazes 600 beef cattle and 4000 merino ewes on the land, which are used for lamb and wool production.

Vegetable gardens at the exterior of the house. Picture supplied

Cereals and oilseeds have been cropped on the site, and ample timber including yellow box, grey box and blakely's red gum grow across the land.

The house itself has six bedrooms and three bathrooms, which have been updated several times in its 200-year lifespan.

Timber floorboards and decorative wallpaper feature in several of the rooms.

Manicured gardens include flowering blossom trees and vegetables, which Mr Graham said his two young sons had enjoyed playing between.

He said his two eldest children, now at university, were involved in the decision to sell the farm.

Positioned on the bank of the Jugiong Creek and with several dams, the property has good water retention and is ideal for grazing livestock.

It went on the market through another agent in 2023, but predictions of drought from the Bureau of Meteorology threw the industry into doubt and made selling conditions challenging.

Jugiong Creek frontage at the property. Picture supplied

"There was a massive sell-off of livestock in the industry," Mr Graham said.

"With rates on the rise and uncertainty in the economy, to add this massive, climatic cloud over production meant there were fewer buyers in the market."

This time, there has been appetite for Mylora.

Mr Davies said he was in conversation with domestic buyers about the property and had interest from overseas.

The property is in a prime location 20 minutes from Yass, 90 minutes from Canberra, and within driving distance to Sydney and Port Kembla for exports.

The land has potential to be subdivided or to continue to be run as a larger farm.

Expressions of interest close on November 15.

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