A little more than two years after buying one of the country’s top thoroughbred racehorse training properties, pub baron Bruce Dixon has put Macedon Lodge, north of Melbourne, back on the market for more than $30 million.

If he were to achieve that price, it would represent a tidy return for the former Spotless Group chief executive who paid legendary racing figure and developer Lloyd Williams $20 million for the 120-hectare property – dubbed “horse heaven” – in July 2022.