Jumbuck Pastoral has sold Rawlinna Station, the country’s largest sheep station – occupying more than 1 million hectares on the Nullarbor Plain in WA – to Consolidated Pastoral Company, as its long-term owners, the MacLachlan family, rationalise their 135-year-old business.

The sale price of the station, which has changed hands for the first time since family head Hugh MacLachlan staked out the land in the 1960s, was not disclosed, but the risk profile of the volatile asset, which could carry 70,000 sheep in a year or as few as 30,000, gave it a $20 million-plus value, market sources said.