$50m-plus tipped for NT cattle stations

A pair of cattle stations north of Katherine, spanning a combined 232,900ha, are set to test the market. See the details.

The Hoar family are selling the 232,900ha Moroak and Goondooloo Stations.

The family of a late veteran NT cattleman is selling a pair of aggregated cattle stations spanning 232,900ha in the territory’s Roper River region, 70km from Mataranka and 160km north of Katherine.

The family of the late Don Hoar is selling the Moroak and Goondooloo Stations, spanning 142,700ha and 90,200ha respectively.

Purchased by Mr Hoar in 2015 from the Davis family, Moroak and Goondooloo Stations carried a herd of 16,000 Brahman cattle in recent years.

Estimates rate the stations as capable of carrying about 25,000 adult equivalents, equating to one per 9.32ha.

Approval to produce Australian Carbon Credit Units under Flying Fox River Carbon Project, using human-induced regeneration methodology has also been granted.

LAWD director Olivia Thompson is handling the sale of the stations, with expressions of interest closing on April 16 at noon (ACST).

No price guide for the sale has been offered. The most recent and comparable NT cattle station sale was the $46.5m walk-in, walk-out deal by the Richard and Dyan Hughes for Romeo Roxas’ 559,500ha Murray Downs Station, 195km south of Tennant Creek.

Moroak and Goondooloo can carry about 25,000 cattle Adult Equivalents (AE).

The Murray Downs sale included 10,000 quality Santa Gertrudis cows, heifers and followers.

Offers worth more than $50m are tipped for the Moroak and Goondooloo Stations.

The stations have been divided into 28 main paddocks to manage the current herd, with secure water supplied via five permanent groundwater bores, three equipped with solar-powered submersible pumps that reticulate water to troughs.

This is complemented by 56 catchment dams, including 18 with solar pumps reticulating water to multiple water points. The Roper River also traverses the Moroak Station portion of the property.

A herd of 16,000 Brahman’s have been run on the property in recent seasons.

The Moroak Homestead is perched on the edge of the Roper River.

The stations also feature a combination of open grassy plains, woodlands and some hilly areas, with vegetation primarily grassy savannah with scattered trees and shrubs. Denser vegetation is present along watercourses, supporting the overall grazing and water management systems of the stations.

Existing infrastructure includes a well-appointed four-bedroom homestead with vistas over the Roper River, staff accommodation, large machinery shed, multiple general purpose sheds, workshop, hangar, airstrip and five cattle yards.

Originally published as $50m-plus tipped for NT cattle stations