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Historic 440-acre Tooborac holding listed for the first time in nearly 140 years

June 30, 2025

For the first time in nearly 140 years, a pioneering family is offering their beloved farm, Glenullin[i], to the market.

It has been listed by Jason Woodford-Smith of Raine & Horne Gisborne and is on the market for between $2.4 million-$2.6 million.

Set on approximately 440 acres of prime countryside, the remarkable Glenullin at 1335 Dairy Flat Road, Tooborac, offers a modern country-style residence with wide verandahs on all four sides. Conveniently located just outside the stunning Macedon Ranges, the property boasts sweeping views of the surrounding landscape, Lake Eppalock, and the picturesque countryside beyond.

Glenullin is just as productive as it is picturesque. When the conditions are favourable, it can run up to 250 head of cattle. “This makes the property, ideal for those seeking a peaceful rural lifestyle with serious agricultural potential,” Jason said.

“Whether you’re searching for a beautiful family home, a weekender, an established farming enterprise, or all three, Glenullin represents a once-in-a-generation opportunity to secure an exceptional piece of Central Victorian countryside.”

A stunning highlight of the property is the beautifully rebuilt original settler’s cottage, which the family has thoughtfully restored and is included in the sale.

“The original settler’s cottage has been beautifully replicated, staying true to its original character – it also offers a rare glimpse into the past,” Jason said. “It is really an outdoor entertaining space, with an original IXL fireplace. It’s lovely and rustic.”

Jason continued, “The settler’s cottage is positioned on the original site that the family built in the 1890s and the verandah roof has provided shelter for the place where many of the family descendants were born in the 1890s onwards. It is steeped in history and charm.”

Stylish 3-bedroom home with scenic views

Built in 2011, this contemporary three-bedroom, one-bathroom house combines modern design with country charm. Featuring open plan living, stylish interiors, and large windows that flood the space with natural light, it’s perfectly suited for family life. A seamless indoor-outdoor flow leads to an inviting BBQ area—ideal for entertaining and enjoying the stunning rural setting.

The land is well-equipped for a variety of agricultural pursuits. With nine paddocks, two cattle yards, 11 dams, and three spring-fed creeks, the property offers extensive opportunities for farming, livestock agistment, or diversified agriculture.

“This is a fantastic opportunity to run a cattle operation, vineyard, or horticultural business,” said Jason.

“Whether you’re starting a farm-to-table venture or expanding your current enterprise, the potential here is enormous. The fertile land and reliable water sources make it an ideal environment for various agricultural activities.”

Farm stay or agritourism opportunity

According to selling agent Jason, Glenullin presents a unique opportunity to establish a farm stay or agritourism venture.

“The property’s stunning outdoor entertaining spaces and its convenient location—just 90 minutes from Melbourne’s CBD—make it an ideal retreat for guests seeking a peaceful country escape while experiencing farm life,” he said.

Jason added that buyer interest has already been robust. “We’ve received solid enquiries through Farmbuy.com and from local farmers looking to expand their landholdings.

“Most out-of-area interest has come from those in the sheep and cattle sectors, though we’ve also fielded enquiries from lifestyle buyers drawn to the property’s charm and its proximity to Melbourne and the Macedon Ranges.”

Jason added, “We’ve also had enquiries from tree changers looking to leave the city behind and embrace a more rural lifestyle.”

Don’t miss this once-in-a-lifetime opportunity to secure 440 acres of prime agricultural land. Contact Jason Woodford-Smith at Raine & Horne Gisborne on 03 5428 4007 for more information about Glenullin.

If you’re considering buying or selling rural property in 2025, contact your local Raine & Horne Rural office for expert advice and assistance.


[i] https://www.raineandhorne.com.au/gisborne/properties/1335-dairy-flat-road-tooborac-3522-victoria-L33570155