Australia’s biggest 100 farm sales of the year revealed

Americans and elite Aussie farming families lead a star-studded cast of rural property players who have spent big this year. See all the buyers and sellers.

Institutional investors, overseas buyers, high-net-worth individuals and elite farming families remain in ascendancy of Australia’s rural property market as some of the nation’s best farms changed hands in the last year.

Billions of dollars worth of Aussie farmland was traded in the past 12 months with assets priced at the top end of the market the most sought after, CBRE Agribusiness director Matt Childs said.

“The most active buyers have been those operating in the higher price bracket, particularly where the scale of assets aligns with their strategic objectives,” he said.

“Institutional investors, overseas buyers, and high-net-worth individuals continue to dominate this space, often targeting large-scale assets that offer opportunities for diversification, operational efficiencies, or natural capital benefits. These buyers are generally less affected by short-term economic shifts and are focused on long-term returns.

“Certain sectors, such as natural capital — where environmental stewardship and carbon offset opportunities are key drivers — and irrigated assets, continue to experience strong demand and competitive buyer activity.

“Grazing enterprises, particularly those tied to sheep meat and wool production, have experienced slight downward adjustments in land prices due to softer commodity markets and rising input costs.”

Australian Food and Agriculture sold its entire 225,000ha NSW property portfolio to special purpose acquisition company Agriculture & Natural Solutions Acquisition Corporation, including about 57,600ha near Hay with the Burrabogie (pictured), Kolora and Mulberry properties.

The two most significant farmland sales of the year were confirmed within the space of the week as foreign investors, the NASDAQ-listed and Cayman Island incorporated Agriculture & Natural Solutions Acquisition Corporation (ANSC), a special purpose acquisition company, swooped on the massive Australian Food and Agriculture company and its entire 225,000ha NSW property portfolio for AUD$780m (about USD$510m).

ANSC, backed by Riverstone Investment Group and Impact Ag Partners — founded by Bert Glover, secured 18 farms near Deniliquin, Hay and Coonamble and almost 54,700 megalitres of water licences in the Murrumbidgee and Murray irrigation areas, including landmark stations Wanganella and Boonoke.

The Worral Creek Aggregation, which produces cotton, crops and cattle, has been sold to Alkira Farms, a subsidiary of US-based agricultural investor Farmland Reserve.

Renowned and retiring cotton and cattle farmers Robert and Jennie Reardon also sold their 26,885ha Worral Creek Aggregation in southern Queensland, for more than $300m to a subsidiary of Utah-based Farmland Reserve, backed by the Church of Jesus Christ of Latter Day Saints.

Elsewhere in Queensland, the Mt Gambier-based Scott family’s 29,798ha Fairfield Aggregation, part of the Ray Scott Pastoral Portfolio, was sold among six locally-based buyers for in excess of $150m combined.

Elders head of agribusiness investment services Mark Barber said demand in the rural property market was “cautious”.

“We have see a softening in land value in most regions during the first half of the year with the trend slowing (anecdotally) in the second half,” he said.

“We have seen a slight uptick in confidence in the second half as stock prices improve and Queensland, NSW and WA have experienced strong finishes to the season in most areas. Southern states are taking some time to recover from dry conditions and will probably wait for a definite change in conditions before becoming too active.

“However, I am optimistic that if the southern regions get a good autumn and the wet in the north continues as it has, I think we could see modest property price improvements in 2025.”

Australia’s 100 biggest farm sales of 2024

$780M

AUSTRALIAN FOOD & AGRICULTURE COMPANY PORTFOLIO, DENILIQUIN, HAY, COONAMBLE, NSW

225,405 HECTARES

Buyer: Agriculture & Natural Solutions Acquisition Corporation (US)

Seller: Australian Food and Agriculture Company

$300-$350M

WORRAL CREEK AGGREGATION, TALWOOD, QLD

26,855 HECTARES

Buyer: Alkira Farms (Farmland Reserve Inc, The Church of Jesus Christ of Latter-day Saints (US))

Seller: Reardon family (Talwood, QLD)

$180M (for 60 per cent stake)

ELLERSLIE FREE RANGE FARMS, MILLMERRAN, QLD

Buyer: PSP Investments (Canada)

Seller: Hall family

$100M (sale and leaseback, 20-year triple-net lease)

KATUNGA FRESH, KATUNGA, VIC

21 HECTARES

Buyer: Centuria Capital Group

Seller: Van der Goor family (Katunga VIC)

$90M

SUNSHINE FARMS, FORBES, NSW

14,074 HECTARES

Buyer: Nuveen Natural Capital (TIAA-CREF, USA)

Seller: AAM Investment Group

Commins Portfolio, at Whitton in the NSW Riverina.

$88M

COMMINS PORTFOLIO, WHITTON, NSW

2807 HECTARES

Buyer: Marina Nine Holdings Pty Ltd (Jacky Cheung)

Seller: Timothy and Roger Commins (Griffith NSW)

$77.75M

GATTONVALE HOLDING, COLLINSVILLE, QLD

31,474 HECTARES

Buyer: Simmons family (Clermont, QLD)

Seller: Cox family (Collinsville, QLD)

$70M

TIMBERSCOMBE AGGREGATION, BACK CREEK, NSW

8432 HECTARES

Buyer: PSP Investments (Altora Ag, Canada)

Seller: Duxton Farms (ASX)

UNDISCLOSED

BORAMBIL STATION, CONDOBOLIN, NSW

14,400 HECTARES

Buyer: Elias family (Condobolin, NSW)

Seller: Paraway Pastoral Company (Macquaire Asset Management)

UNDISCLOSED

FAIRVIEW AGGREGATION, Lucindale, SA

4360 HECTARES

Buyer: Ogilvie Group

Seller: Nicomax Properties Pty Ltd (Switzerland)

GO. FARM purchased the 2666ha Dellapool Aggregation, near Narrandera in the NSW Riverina.

$60M

DELLAPOOL AGGREGATION, SANDIGO, NSW

2666 HECTARES

Buyer: GO. FARM

Seller: Ferrero (Italy)

$60M-plus (WIWO)

KIMBERLEY MEAT COMPANY PORTFOLIO (YEEDA AND MT JOWLEENGA STATIONS), DERBY, WA

473,608 HECTARES

Buyer: Alberta Investment Management Corporation (AIMCo) (Canada)

Seller: Kimberley Meat Company

UNDISCLOSED

WELLTOWN STATION, TOOBEAH, QLD

10,842 HECTARES

Buyer: Morella Ag (Coulton family, Boggabilla NSW)

Seller: Cameron family

UNDISCLOSED

TONKORO STATION, WINTON, QLD

138,200 HECTARES

Buyer: Qld Government

Seller: Peter Magoffin

UNDISCLOSED

MELROSE STATION, WINTON, QLD

73,048 HECTARES

Buyer: Qld Government

Seller: Peter Magoffin

UNDISCLOSED

VERGEMONT STATION, WINTON, QLD

352,589 HECTARES

Buyer: Queensland Government

Seller: Bode family (Winton, QLD)

$54.4M

COOPLACURRIPA STATION

20,076 HECTARES

Buyer: Perpetual Corporate Trust Ltd

Seller: Bell family (Cooplacurripa, NSW)

$49M

FAIRFIELD STATION, BAUHINIA, QLD

10,522 HECTARES

Buyer: Twin Hills Cattle Company (Dennis family)

Seller: Scott family (Mt Gambier, SA)

The 64,700ha Woolner Station, east of Darwin, has been sold to the Langenhoven family.

$49M

WOOLNER STATION, MARY RIVER, NT

64,700 HECTARES

Buyer: Langenhoven family

Seller: David Walker

$48.25M

ROCKLAND SPRING, COMET, QLD

10,210 HECTARES

Buyer: Bunderra Cattle Company (Pickersgill family, Comet Qld)

Seller: Sam and Louise Staines (Comet, QLD)

$46.5M-plus (WIWO)

MURRAY DOWNS STATION, ALICE SPRINGS, NT

559,000 HECTARES

Buyer: Wentworth Cattle Co (Hughes family, Clermont, QLD)

Seller: Australian Green Properties (Romeo Roxas, Philippines)

Eurambeen Station was sold to Australian-owned agricultural investor, developer and manager GO. FARM Australia.

UNDISCLOSED

EURAMBEEN STATION AND GRANDVIEW, BEAUFORT, VIC

3315 HECTARES

Buyer: GO. FARM Australia

Seller: Dean family (Beaufort, VIC)

UNDISCLOSED

KEILIRA STATION, KINGSTON SE, SA

3345 HECTARES

Buyer: AJ & PA McBride

Seller: extended McBride family

UNDISCLOSED

DOUGLAS WEST STATION, KATHERINE, NT

42,300 HECTARES

Buyer: CropScale (Coppelian Ventures)

Seller: Allan Myers KC

$43M-plus

DARRIWELL AGGREGATION, TRUNDLE, NSW

8828 HECTARES

Buyer: Fletcher family

Seller: Jones family (Trundle, NSW)

$42.38M

MUTTAMA STATION, QUAMBONE, NSW

12,468 HECTARES

Buyer: Chadwick family (Coonamble, NSW)

Seller: Ron Greentree

Romeo Roxas, via his entity Australian Green Properties, sold the 559,500ha Murray Downs station.

$40M

BALRANALD VINEYARD, BALRANALD, NSW

547 HECTARES (plus 4400ML)

Buyer: GO. FARM

Seller: CK Life Science (Hong Kong-listed)

$39M (50 per cent stake)

MAYNELAND AND BAAMBA PLAINS, ROLLESTON, QLD

2492 AND 4130 HECTARES

Buyer: The Rohatyn Group (USA)

Seller: Rural Funds Management (ASX-listed)

$36M

WANTAGONG STATION, WANTAGONG, NSW

1643 HECTARES

Buyer: Rose Grange Pastoral Company (Little River, VIC)

Seller: Shaw family (Wantagong, NSW)

$33M

HILLCREST, MIDDLEMOUNT, QLD

9548 HECTARES

Buyer: Consolidated Pastoral Company (UK)

Seller: Danastas family (Mackay, QLD)

$32M-plus

GUILDFORD AGGREGATION, BOOMI, NSW

4044 HECTARES

Buyer: Local family

Seller: John and David Oats (Boomi, NSW)

$32.775M

CLAREVAULX STATION, GLEN INNES, NSW

3427 HECTARES

Buyer: Queensland family

Seller: McIntosh family (Glen Innes, NSW)

$32.5M

BALARANG STATION, TIMOR, NSW

5810 HECTARES

Buyer: Jacky Cheung (Marina Seven Holdings)

Seller: Fostoria Fannon

$30M-plus

BOWEN PARK, TRANGIE, NSW

3250 HECTARES

Buyer: Local farming family

Seller: Miller family (Trangie, NSW)

$30M-plus

EMU CREEK, WALCHA, NSW

3026 HECTARES

Buyer: Undisclosed

Seller: Mark and Angie Berry (Walcha, NSW)

$30M

LAKESIDE, WALCHA, NSW

1504 HECTARES

Buyer: Northern NSW grazier

Seller: Jackson Agriculture

$30M

AVINGTON MERINO, SIDONIA, VIC

1196 HECTARES

Buyer: Southern Pastoral Group

Seller: Noel and Lyndsay Henderson

$30M

SANDMOUNT NORTH, KATUNGA, VIC

1556 HECTARES

Buyer: GO. FARM

Seller: undisclosed

UNDISCLOSED

BOOROOK DAIRY HUB, COORIEMUNGLE, VIC

854 HECTARES

Buyer: Private buyer and private investor

Seller: Diprose family (Caramut, VIC)

less than $30M

BONEO PARK, BONEO, VIC

318 HECTARES

Buyer: Duncraig Capital (Paul and Georgia Solomon)

Seller: Rob McNaught

$29.5M

GUNEDRA AGGREGATION, WEE WAA, NSW

3888 HECTARES

Buyer: Nigel Melbourne (Wee Waa, NSW)

Seller: MH Premium Farms (Lord Michael Hintze)

$28M

CROWER AND FELLWOOD, LUCINDALE, SA

1870 HECTARES

Buyer: Ian and Louise Johnson (Lucindale, SA)

Seller: Giles family (Lucindale, SA)

$26.6M

FASSIFERN & INVERINATE, ARMIDALE, NSW

3963 HECTARES

Buyer: Emma Robinson and Michael Duckett (Capella, QLD)

Seller: Cameron family (Armidale, NSW)

$26.2M

PAMEROOROMA, QLD

4477 HECTARES

Buyer: Reade and Jill Radel and family (Taroom, QLD)

Seller: Kadel family (Roma, QLD)

$26.1M

KURRAJONG PARKBAUHINIA, QLD

3237 HECTARES

Buyer: Annie and Rob Donoghue (Bauhinia, QLD)

Seller: Scott family (Mt Gambier, SA)

$25M-plus

AMAROOKULIN, WA

9910 HECTARES

Buyer: Local farmer

Seller: Hodgson family (Kulin, WA)

$25M-plus

AILERON STATION AND OOLLOO FARM, ALICE SPRINGS, NT

408, 662 HECTARES

Buyer: Peregrine Corporation (Shahin family, Adelaide SA)

Seller: Caason Group

$25M

SWANSEA FARM, SWANSEA, TAS

1048 HECTARES

Buyer: Fogarty Wine Group

Seller: Stahmann Webster (Canada)

$25.5M-plus

GOWAN STATION, BLACKALL, QLD

18,077 HECTARES

Buyer: Taroom-based buyer

Seller: Blue Sky Beef

$24M

SUNNY MEADOWS AND COLDSTREAM AIRPORT, COLDSTREAM, VIC

151 HECTARES

Buyer: Acuity Development Group

Seller: Doake family (Coldstream, VIC)

$24.75M

OAKLEIGH WEST, DALBY, QLD

611 HECTARES

Buyer: Undisclosed

Seller: Stephen family (Dalby, QLD)

$23M

MONARO GRAZING PORTFOLIO, ROCKY PLAIN, NSW

4300 HECTARES

Buyer: Woodside Energy Group (ASX-listed)

Seller: Amandri Group Pty Ltd

$23.65M

JUNGABURRA, NARRABRI, NSW

518 HECTARES (plus 2300ML)

Buyer: Local family

Seller: Sean Revell

$22.5M-plus

CARRAMAR, BAUHINIA, QLD

5369 HECTARES

Buyer: Western Queensland grazing family

Seller: Scott family (Mt Gambier, SA)

UNDISCLOSED

CHILDERLEY PARK, NARACOORTE, SA

1654 HECTARES

Buyer: Three local landholders

Seller: Porter family (Coonawarra, SA)

UNDISCLOSED

ECHIDNA RIDGE, PINGRUP, WA

5937 HECTARES

Buyer: Excel Farms via Nick Paterson and Fiera Comox Partners (Canada)

Seller: Australian Food and Farming

$21M

RACEVIEW STATION, CHARLEVILLE, QLD

39,550 HECTARES

Buyer: Brock and Katrina Hindmarsh and Shane Castles and Lisa Paynter

Seller: Mellstrom family (UK)

$21M

STONEHAVEN, HOLBROOK, NSW

1312 HECTARES

Buyer: NSW South West Slopes farming family

Seller: Travis and Julia Cox

$20M-plus

ROMA FEEDLOT, ROMA, QLD

2445 HECTARES

Buyer: McIntyre Ag (Hamish and Mary McIntyre, St George QLD)

Seller: Ben Cameron

$20M-plus

MARATHON, RICHMOND, QLD

19248 HECTARES

Buyer: Kemp family (Nebo, QLD)

Seller: Levers family (Richmond, QLD)

$20M

MOUNT LONSDALE, MUNGALLALLA, QLD

8147 HECTARES

Buyer: Bryce and Lucy Moore, Randall and Tanya Ziesemer (Taroom, QLD)

Seller: Peter and Shari Knudsen (Chinchilla, QLD)

$20M

MAYFIELD, DINGO, QLD

4242 HECTARES

Buyer: Emerald producer

Seller: Karen Howe (Wandoan QLD)

$20M

STRATTON, ROMA, QLD

8381 HECTARES

Buyer: Stratton Grazing (Jessica Morton and Leon Price, Wallumbilla NSW)

Seller: Michael and Annie O’Brien (Walgett, NSW)

$20M

EAST COOLTAH AND KARNANG, NARROMINE, NSW

1142 HECTARES

Buyer: Local farming family

Seller: Peter Grech and Michelle Azzopardi (Narromine, NSW)

$20M

KARRARA AGGREGATION, ECKLIN SOUTH, VIC

967 HECTARES

Buyer: South Australian family

Seller: Excel Farms (Canada)

Almost $20M

GUNDOWRINGA AND PEJAR, CROOKWELL, NSW

1337 HECTARES

Buyer: Sydney investor

Seller: Charlie Prell (Crookwell, NSW)

$19M

ELEANOR FARM, MORANBAH, QLD

3613 HECTARES

Buyer: Bruce and Sally Werner (Clermont, QLD)
Seller: Hughes family (Clermont, QLD)

$18.799M

MOORINE ROCK-BULLFINCH AGGREGATION, SOUTH YILGARN, WA

18,161 HECTARES

Buyer: Undisclosed corporate buyer

Seller: PenAgri

$18M

MT NOMBI, MULLALEY, NSW

282 HECTARES

Buyer: Eric Sharwood (Dubbo, NSW)

Seller: Silverstrand Capital (Singapore)

$18M

CAWNPORE STATION, BOULIA, QLD

97,400 HECTARES

Buyer: Lord Pastoral (Ardie and Kacie Lord, Richmond QLD)

Seller: Hughes Pastoral Company (Peter Hughes)

$18M

SILVEREMERE HOLSTEINS, COWRA, NSW

371 HECTARES

Buyer: Chittick family (Gerringong, NSW)

Seller: Thompson family (Cowra, NSW)

$18M

NORTH BILLABONG, LITTLE BILLABONG, NSW

1089 HECTARES

Buyer: Burgess Rural (VIC)

Seller: Meurer Pastoral Company

$17.9M

GLENORA, MOREE, NSW

2013 HECTARES

Buyer: Private local farming family

Seller: Hamilton family (Moree, NSW)

$17.3M

TUWINGA, BUNDELLA, NSW

2287 HECTARES

Buyer: Cathrina Claas-Muehlhaeuser (Germany)

Seller: Mooney Pastoral Company

$16M

MELALEUCA, GOGANGO, QLD

3234 HECTARES

Buyer: Local family

Seller: Lisa McKinlay

$16M

WAGABAWERING SPRING AGGREGATION, YEALERING, WA

2707 HECTARES

Buyer: Three local farming families

Seller: Hill family (Yealering, WA)

$16.15M

KANYAPELLA DAIRY, KANYAPELLA, VIC

763 HECTARES

Buyer: Patrick McMonagle

Seller: PSP Investments (Aurora Dairies)

$15M-$16.5M

SYLVANIA AGGREGATION, BOGGABRI, NSW

3480 HECTARES

Buyer: Manilla farming family

Seller: Brendon Stoney (Tumut, NSW)

$15.6M

CRYNA POULTRY FARM, BEAUDESERT, QLD

58.5 HECTARES

Buyer: Amazing Investors (Sandeep Singh and Harneet Cheema, Brisbane QLD)

Seller: Montauban (Michael Gordon and Jim Goldburg)

$15.3M

CROFTON PARK, BARFOLD, VIC

824 HECTARES

Buyer: Ross and Yasmin Milton

Seller: Sam and Tania Brougham

$15M

RHEBAN, TAS

3250 HECTARES

Buyer: Local investor

Seller: Gray family (Orford, TAS)

$15M

MALLANGANEEGURLEY, NSW

1323 HECTARES

Buyer: Local farming entity

Seller: Estate of Douglas Chick

$15M

WOOLNORTH AGGREGATION, WOOLNORTH, TAS

700 HECTARES

Buyer: Prime Dairy (Prime Value Asset Management)

Seller: Van Dairy Group (China)

$14.5M

GLANMIRE STATION, ABINGTON, NSW

2237 HECTARES

Buyer: Queensland family

Seller: Coventry family

$14M-plus

COREENA NORTH AND BINYA, EURONGILLY, NSW

715 HECTARES

Buyer: Local farming family

Seller: Bunn family (Eurongilly, NSW)

$14M

YARRILIWANNA AND WAR WAR, TOOBEAH, QLD

3827 HECTARES

Buyer: Undisclosed Seller: Private

$14M

HEATHCOTE VINEYARD PORTFOLIO, COROP, VIC

522 HECTARES

Buyer: Nuveen Natural Capital (US)

Seller: Treasury Wine Estates

$14M

LEVUKA, MITCHELLSTOWN, VIC

109 HECTARES

Buyer: Bruce Dixon

Seller: Rachel and Scott Perrin

$13.6M

KALUAMOREE, NSW

809 HECTARES

Buyer: Alistair and Penny Jones (Moree, NSW)

Seller: undisclosed

$13.4M-plus

BAUHINIA DOWNS, BAUHINIA, QLD

2496 HECTARES

Buyer: Western Queensland grazing family

Seller: Scott family (Mt Gambier, SA)

$12M-plus

HATARI, BAUHINIA, QLD

1911 HECTARES

Buyer: Undisclosed

Seller: Scott family (Mt Gambier, SA)

$12M

WONGABURRA, BAUHINIA, QLD

2423 HECTARES

Buyer: Nobbs family via Yoman Brahmans (Bauhinia, QLD)

Seller: Scott family (Mt Gambier, SA)

$12M

YALOKE, DENILIQUIN, NSW

2731 HECTARES

Buyer: Two local farming families

Seller: Stoney family (Minto Pastoral Company)

$11M-plus

WANGAMONG AND WANGAMONG WEST, OAKLANDS, NSW

933 HECTARES

Buyer: Victorian farming family

Seller: Simpson family (Oaklands, NSW)

$11M-$13M

DUDLEIGH AGGREGATION, STOCKINBINGAL, NSW

1054 HECTARES

Buyer: Local farming family

Seller: Morton family (Stockinbingal NSW)

$11M

DOWAN HILL, YASS, NSW

1184 HECTARES

Buyer: Allan Fife

Seller: Ann Daniel

$10M-plus

MELLOOL STATION, MELLOOL, NSW

4140 HECTARES

Buyer: NSW Riverina farmer

Seller: Martin family (Mellool, NSW)

$10.7M-plus

ELLIS CAMP, BAUHINIA, QLD

2299 HECTARES

Buyer: Twin Hills Cattle Company (Dennis family)

Seller: Scott family (Mt Gambier, SA)

$10.3M

HC and CG KING ESTATES, DOOEN, VIC

410 HECTARES

Buyer: Various local buyers

Seller: HC an CG King Estates

$10M

MUTHERUMBUNG STATION, BOOLIGAL, NSW

5771 HECTARES

Buyer: Simon and Sarah Bunyan

Seller: Pat and Sharon Bunyan

UNDISCLOSED

WALLENDIBBY, DELEGATE, NSW

3960 HECTARES

Buyer: Woodside Energy Group (ASX-listed)

Seller: Andrew Lenton