Major Australia farms sales in 2019
Billions of dollars worth of property has transacted in Australia in 2019. See the list of major farm sales here.
There have been a number of high-profile properties and aggregations transacted in 2019, an analysis by The Weekly Times shows.
$854 MILLION
Webster Limited, NSW, SA, TAS
Canada’s Public Sector Pension Investment Board is poised to buy Australia’s fourth-oldest company, which has cropping (17,670 hectares), livestock (320,000 hectares) and orchard (3000 hectares) ventures across the nation.
$300 MILLION
Midkin aggregation, Moree, NSW (17,300ha)
Australian Food and Fibre, in a joint venture with Canada’s Public Sector Investment Board, purchased US cotton giant Auscott’s northern NSW aggregation which included 57,600 megalitres of water
$135 MILLION
Argyle Downs, WA (72,000ha), Newry Station, NT (246,700ha), Auvergne Station, NT (414,200ha)
The three Consolidated Pastoral Company holdings sold to Vietnam investment group Clean Agriculture & International Tourism
$72 MILLION
Rural Funds Group’s 17 poultry farms in Griffith, NSW, and Lethbridge, VIC
Sold to ProTen Investment Management
$60 MILLION
Juanbung and Boyong Stations, southern Riverina, NSW (33,000ha)
The Nature Conservancy Australia, in a joint venture with Tiverton Agriculture, purchased the properties from Melbourne businessman Tim Roberts-Thomson
ABOUT $60 MILLION
Nicoletti aggregation, WA (200,000ha)
Cropping giant John Nicoletti’s enterprise sold to Saudi Agricultural and Livestock Investment Company
$58 MILLION
Kalala Station, Daly Waters, NT (376,000ha)
Sold to the South Africa’s Langenhoven family, who also own Mt McMinn and Big River stations
ABOUT $50 MILLION
Comely and Mapala Stations, Bauhinia, QLD (23,000ha)
Purchased by Northern Territory pastoral identity Sterling Buntine from Consolidated Pastoral Company
ABOUT $50 MILLION
Brudle Park, Moree, NSW (9300ha)
Ceres Agricultural Company’s cropping aggregation sold to Macquarie’s Viridis Ag
$35 MILLION
Cobungra Station, Omeo, VIC (6488ha)
Purchased by Rural Funds Management from Mark Suhr
ABOUT $30 MILLION
Bundarbo Station, Jugiong, NSW (2400ha)
The rural estate of late media chief Sam Chisholm and his wife Sue sold to BridgeLane Group ¬investment company boss Markus Kahlbetzer
ABOUT $30 MILLION
Ucharonidge Station, Elliott, NT (245,550ha)
Sold by Consolidated Pastoral Company to Malcolm Harris’ Cleveland Agriculture
$25-$30 MILLION
Exmoor, Bloomsbury QLD (7012ha)
Sold to an Australian company with aquaculture interests
$25-$30 MILLION
Karamarra, Dingo, QLD (7230ha)
Sold to West Australian Brent Smoothy’s, Kumarina Holdings
ABOUT $26 MILLION
Prospect Downs aggregation, Moree, NSW (2454ha)
Sold by Mark Cotter
ABOUT $25 MILLION
Cygnet Park Farms portfolio, Kangaroo Island, South Australia (7821ha)
Sold to Agricultural fund manager Growth Farms
ABOUT $25 MILLION
Etta Plains, Julia Creek, QLD (28,442ha)
Purchased by Narrabri’s Robyn and Luke Findley
ABOUT $24 MILLION
Aberfeldy, Holbrook, NSW (1771ha)
Sold to one of Australia’s biggest wool growers, TA Field Estates
$23.7 MILLION-PLUS
Oodnadatta Farms, Moree, NSW (3163ha)
Sold by Hugh Ball to Macquarie’s Viridis Ag
$23.4 MILLION
Manbullo, Katherine, NT (379,130ha)
Purchased by Argentina’s Buratovich family in a sale and leaseback deal
$22.6 MILLION
Petro, High Hill, Willara, WA (6000ha)
Sold by pastoralist and businessman Brent Smoothy to Rural Funds Group
ABOUT $22 MILLION
Kadlunga, Mintaro, SA (3923ha)
Purchased by George and Sophie Millington, Collinsville Stud
$21 MILLION
Suplejack Downs, Alice Springs, NT (381,700ha)
Sold to Robert Savage and family
$21 MILLION
Canowindra aggregation, Canowindra, NSW (4187ha)
Purchased by UK billionaire hedge-fund manager Sir Michael Hintze from Macquarie-backed Viridis Ag
$20.5 MILLION
Faust Family Farms, Proserpine, QLD (3134ha)
Purchased by the Vella Family from Bald Hills Station, Marlborough
$20 MILLION-PLUS
Carmor Plains, Point Stuart, NT (41,500ha)
Sold to Malaysia’s Sarawak Economic Development Corporation
ABOUT $20 MILLION
Mimong Station, Kyuna, QLD (79,970ha)
Sold to Sterling Buntine’s Baldy Bay company by Consolidated Pastoral Company
$20 MILLION
Torrumbarry Estate, VIC (2051ha)
Sold to one of Australia’s biggest dairy operators, Australian Fresh Milk Holdings
$20 MILLION
Retreat, Jundah, QLD (142,600ha)
Purchased by the Speed family’s Brig-O-Doon Cattle Company
$19.3 MILLION
Billabong, Arcadia Valley, QLD (3909ha)
Sold to an unknown buyer
$18 MILLION
St Ronans, Mt Garnet, Qld (44,000ha)
Purchased by the Statham family’s Sundown Pastoral Co
$15.4 MILLION-PLUS
Grainfields, Moree, NSW (2058ha)
Sold by US teachers super fund, TIAA-CREF to Macquarie’s Viridis Ag
$14 MILLION-PLUS
Mt Falcon Station, Tooma, NSW (2887ha)
Purchased by an Australian family with local interests in the Upper Murray
$14 MILLION-PLUS
Epenarra Station, NT (265,600ha)
Sold by Filipino property developer Romeo Roxas to Bass Cattle Co
$14.5 MILLION
Condamine Gems, Darling Downs, QLD (4872ha)
Purchased by the Carmichael family from Lochinvar, Augathella
ABOUT $14 MILLION
Blackwood Station, Dunkeld, VIC (2405ha)
Purchased by prominent Melbourne barrister Allan Myers from Chinese-owned Rifa Salutary
$13.9 MILLION
Iluka, Taroom, QLD (3188ha)
Sold to Lauren Finger, Meadowbrook, Dysart
$13.5 MILLION
Grosvenor Downs, Moranbah, QLD (5273ha)
Sold to Anglo Coal
$13.3 MILLION
Pony Plains, Bundi, QLD (4046ha)
Sold to Kellie and Bill McLean from Taroom, QLD
$12.8 MILLION
Forest Vale, Holbrook, NSW (1136ha)
Sold to an unknown buyer.
$12.5 MILLION
Fairfield Estate, Rutherglen, VIC (851ha)
Sold to John and Mary Ariano
$12.5 MILLION
Eildon Park, Winton, Queensland (249,800ha)
Purchased by Chris Skelton, Roma
ABOUT $12 MILLION
Scott Creek, Katherine, NT (101,850ha)
Purchased by Argentina’s Buratovich family
A BOUT $12 MILLION
Pine Hill Station, NT (270,000ha)
Sold by Filipino property developer Romeo Roxas to Greg Vickers and family, from Keith South Australia
$11.375 MILLION
Wire Lagoon, Narrabri, NSW (738ha)
Sold by Andrew and Kim Revell to a local cotton growing family
$11 MILLION-PLUS
Stonehaven, Holbrook, NSW (1295ha)
Purchased by Travis and Julia Cox
$11 MILLION
Wilga Vale, Moura, Queensland (2028ha)
Sold to neighbour Jim Gorman
$11 MILLION
Cawnpore Station, Boulia, QLD (121,400ha)
Purchased by Peter Hughes, Georgina Pastoral Company
$10.25 MILLION
Mt Colliery, Killarney, QLD (1252ha)
Sold to Wickham Farms
$10.6 MILLION
Sold by Peter and Leonie Adams
$10.1 MILLION
Idracowra Station, Erdundra, NT (462,800ha)
Sold to Angus and Kimberley McKay from the neighbouring Umbearra Station. Was owned by billionaire Sheik Hamad bin Hamdan Al Nahyan from the United Arab Emirates
$10 MILLION-PLUS
Gowrie, Charleville, QLD, (29,775ha)
Sold to Roma’s Price family
ABOUT $10 MILLION
Kulwin Park, Wycheproof, VIC (4390ha)
Sold by Chinese-owned Rifa Salutary and secured by an offshore investor-backed fund
$10 MILLION
Boolbie and Archervale, Winton, Queensland (219,676ha)
Sold to Rob and Louis Grummitt and Stuart and Kira Reddan from Auguthella, QLD
$9-$10 MILLION
Mount Skinner Station, Alice Springs, NT (303, 605ha)
Sold to South Australia’s McCormack family
UNDISCLOSED PRICE
Adveq Almond Trust II, Robinvale, VIC (20,000ha)
Purchased by Canada’s Public Sector Pension Investment Board. Was expected to fetch more than $300 million
UNDISCLOSED PRICE
Cubbie Station, Queensland (93,000ha)
Macquarie Infrastructure and Real Assets purchased a 49 per cent stake in the irrigated cotton property from Chinese textile giant Shandong Ruyi
UNDISCLOSED PRICE
Ashleigh Station, Gravesend, NSW (4391ha)
Sold by Chinese-owned Rifa Salutary, believed to have been bought by a foreign-investor
UNDISCLOSED PRICE
Chatsworth House, Chatsworth, VIC (2400ha)
Was listed for $20-$25m
UNDISCLOSED PRICE
Gilgal, Cootamundra, NSW (3618ha)
Offered for sale by the Ward family, expected to fetch $27-$32m
UNDISCLOSED PRICE
Warrabah Station, Kingstown, NSW (3900ha)
Purchased by Gina Rinehart’s Hancock Prospecting
FOR SALE
The remainder of Rifa Salutary’s aggregation including Middlebrook, Tamworth, (8613ha) and Cooplacurripa, Gloucester, NSW (23,976ha)
$600-$700 MILLION
Consolidated Pastoral Company (3.2 million hectares)
Guy Hands, the chairman of UK-based Terra Firma Capital, the majority shareholder of CPC, is leading a consortium to acquire the rest of the pastoral empire
$50 MILLION
Yaloak Estate, Ballan, VIC (5071ha)
Owned by Melbourne businessman and lawyer Peter Yunghanns
$25 MILLION-PLUS
Mawallok, Stockyard Hill, VIC (2349ha)
Historic pastoral holding spread, with a 10-bedroom mansion, owned by Stephen and Serena Mitchell
$20 MILLION
Nambrok, Gippsland, VIC (989ha)
Owned by the prominent McGauran family and once home to Melbourne Cup winner Patrobas
UNDISCLOSED
Glendaloch (831ha) and Encliffe (425ha), Darling Downs, Queensland
One Tree Agriculture, the spin-off of Cargill’s Black River Asset Management, is divesting two of its cropping operations
Gina Rinehart snaps up three more Western District farms
Australia’s richest person has continued her expansion into Victoria, buying another 460ha of farmland. See all the details.
Victorian farm sells for more than $90k a hectare
An 85ha grazing and lifestyle farm in the state’s Surf Coast region has been snapped up for a whopping price.