Revealed: Australia’s top 100 farm sales of the past year

Billions of dollars’ worth of premier Aussie farmland changed hands during the 2024-25 financial year. See the full list of the biggest 100 sales.

A trio of key players has emerged as the dominant buyers in Australia’s rural property market, taking advantage of stable farmland values to expand their formidable agricultural portfolios.

Australia’s largest landholder by value, Canada’s mighty pension fund PSP Investments, was behind the nation’s largest farmland sale of the past financial year, paying half a billion dollars to acquire total ownership of the 30,000ha Kooba aggregation, near Griffith, NSW, via their Australian Food and Fibre vehicle.

Kooba Station, was snapped up by Australian Food and Fibre, a joint venture between PSP Investments and the Robinson family from northern NSW, in a deal that bought out the Kooba aggregation’s owners including Australian investors Chris Corrigan and David Fitzsimons plus PSP Investments. Picture: File (Sue Neales)

Another major player this year was the emergence of American agricultural investor Farmland Reserve Inc - the investment arm of the Church of Jesus Christ of Latter-day Saints - via its major cropping vehicle Alkira Farms.

Farmland Reserve snapped up four major cropping aggregations on Australia’s east coast in $480m worth of deals. The cornerstone of their Australian agricultural expansion was the $340m acquisition of the 26,885ha Worral Creek portfolio of southern Queensland irrigated and dryland farmland.

Herron Todd White VicTas director Graeme Whyte said buyer pools for rural property across the country were different depending on the scale of the farm for sale.

“Buyers above $30m are nearly always corporates – usually involving an Australian-based manager and often investing funds on behalf of large international investors,” Mr Whyte said.

“This group continues to be active; however deals can take longer, in part due to the need for FIRB approval but also due to the need to complete a large body of financial and environmental due diligence.

Retiring cotton and cattle farmers Robert and Jennie Reardon sold their Worral Creek Aggregation, an institutional grade portfolio located near Goondiwindi in the Border Rivers region of Queensland, including 65,900ML of water entitlements last year.

“Corporate buyers normally have funds ready to be deployed and so are motivated to be always looking for and eventually buying assets. This buyer group will at times offer more than a family run business is prepared or able to.

“There is a reasonable number of well capitalised family-run businesses capable of buying farms up to about $30m. These buyers are usually patient, will quickly rule out properties that they feel are overpriced or that don’t suit their needs and can usually make a straightforward offer with few conditions.”

Australia’s richest person, mining magnate Gina Rinehart, has also been a major mover in the market, splashing more than $100m to snap up two NSW cattle properties via both her Hancock Agriculture and S.Kidman companies.

Early this year Ms Rinehart paid $70m-plus for the 10,000ha Wongaboori Station near Dubbo, plus S.Kidman and Co made its first land purchase in two decades with the $35m acquisition of Jindabyne, a 7000ha property north of Tamworth.

Mr Whyte said weather conditions and geopolitical movements were likely to be major factors to affect farm prices and buyer demand in the year ahead.

“Uncertainty over input costs is likely to also make buyers more cautious. Many farmers are saying that it is rising costs rather than lower revenue that is hurting their bottom line,” he said.

Australia’s top 100 farm sales of the past year (2024-25)

$500M

KOOBA AGGREGATION, GRIFFITH, NSW

31,400 HECTARES

Buyer: Australian Food and Fibre (PSP Investments (Canada) and Robinson family), Stahmann Webster (PSP Investments (Canada))

Seller: KoobaCo (PSP Investments (Canada), Chris Corrigan, David Fitzsimons)

$340M

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)

Saudi Agricultural and Livestock Investment Company Australia (SALIC) offloaded its Merredin Farms cropping portfolio earlier this year.

UNDISCLOSED

MERREDIN FARMS PORTFOLIO, MERREDIN, WA

77,954 HECTARES

Buyer: Various (including John Nicoletti)

Seller: Saudi Agricultural and Livestock Investment Company Australia (Saudi Arabia)

$77.75M

GATTONVALE HOLDING, COLLINSVILLE, QLD

31,474 HECTARES

Buyer: Simmons Cattle Company

Seller: Cox family

$70M-plus

WONGABOORI STATION, MENDOORAN, NSW

10,000 HECTARES

Buyer: Gina Rinehart (Hancock Agriculture)

Seller: Paul McGirr (Sydney, NSW)

$70M

SE QUEENSLAND ORCHARDS, BUNDABERG, DUMARESQ VALLEY, QLD

250 HECTARES, 2300 HECTARES

Buyer: A European family office

Seller: Undisclosed

$68M

CALROSSIE FARM, MOREE, NSW

5700 HECTARES

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

Seller: Proterra Investment Partners (US)

GO.FARM paid $60m for Ferrero’s failed hazelnut farm in the NSW Riverina near Narrandera.

$60M

DELLAPOOL AGGREGATION, SANDIGO, NSW

2666 HECTARES

Buyer: GO.FARM

Seller: Ferrero (Italy)

$53M

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

FAIRVIEW AGGREGATION, LUCINDALE, SA

4360 HECTARES

Buyer: Ogilvie Group

Seller: Nicomax Properties Pty Ltd (Switzerland)

UNDISCLOSED

HOLLYMOUNT AND MT DRIVEN AGGREGATION, ST GEORGE, QLD

61,007 HECTARES

Buyer: Two Queensland grazier families

Seller: Hailiang Agriculture Australia (China)

$49M

FAIRFIELD STATION, BAUHINIA, QLD

10,522 HECTARES

Buyer: Twin Hills Cattle Company (Dennis family)

Seller: Scott family (Mt Gambier, SA)

The South African Langhoven family, via cattle company Rallen Australia paid $49m for the Woolner Station.

$49M

WOOLNER STATION, MARY RIVER, NT

64,700 HECTARES

Buyer: Langenhoven family

Seller: David Walker

$47.5M

MAY DOWNS, MOUNT ISA, QLD

233,000 HECTARES

Buyer: McMillan Pastoral (Cloncurry, QLD)

Seller: Lord Cattle

$46.5M-plus

MURRAY DOWNS STATION, ALICE SPRINGS, NT

559,000 HECTARES

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

Seller: Australian Green Properties (Romeo Roxas, Philippines)

$44.3M

CODENWARRA WEST, EMERALD, QLD

3400 HECTARES

Buyer: Land: Galea family (Emerald, QLD) Water: Macquaire Asset Management

Seller: Queensland Cotton (Olam Agri)

$43M-plus

DARRIWELL AGGREGATION, TRUNDLE, NSW

8828 HECTARES

Buyer: Fletcher family

Seller: Jones family (Trundle, NSW)

$43.65M

BULGANDRA AGGREGATION, WALBUNDRIE, NSW

3096 HECTARES

Buyer: Lawson Grains (New Agriculture (Sydney) and Alberta Investment Management Corporation (Canada))

Seller: Private vendor

$42.38M

MUTTAMA STATION, QUAMBONE, NSW

12,468 HECTARES

Buyer: Chadwick family (Coonamble, NSW)

Seller: Ron Greentree

$40M

MOORABINDA STATION, TAROOM, QLD

15,976 HECTARES

Buyer: Substantial stake: Speed family (Taroom, QLD)

Seller: Tigrigie Cattle Co (Taroom, QLD)

$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)

$35M

JINDABYNE STATION, ASHFORD, NSW

7000 HECTARES

Buyer: S. Kidman & Co (Gina Rinehart, Shanghai CRED (China))

Seller: David Stewart (Stewart Grain Trading. Inverell NSW)

$35M

COONAWARRIE, MT SHERIDAN, WA

11,504 HECTARES

Buyer: Five local farmers

Seller: John Nicoletti

$33M

GOULBURN VALLEY KIWIFRUIT ORCHARDS, BUNBARTHA, VIC

200 HECTARES

Buyer: Warrakirri Asset Management (Warakirri Farmland Fund)

Seller: CK Asset Holding Limited (CK Group) (Hong Kong)

$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)

$32.5M

BALARANG STATION, TIMOR, NSW

5810 HECTARES

Seller: Jacky Cheung (Marina Seven Holdings)

Buyer: Fostoria Fannon

$32.4M

CARNARVON AGGREGATION, MULLALEY, NSW

2832 HECTARES

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

Seller: Private UK investor

$30.25M

WALLENDIBBY, DELEGATE, NSW

3960 HECTARES

Buyer: Woodside Energy Group (ASX-listed)

Seller: Andrew Lenton

$30M-plus

EMU CREEK, WALCHA, NSW

3026 HECTARES

Buyer: Undisclosed

Seller: Mark and Angie Berry (Walcha, NSW)

$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

CARSE O GOWRIE, RAVENSWOOD, QLD

51,940 HECTARES

Buyer: Pini family (Nebo, QLD)

Seller: Scott family (Mt Gambier, SA)

Almost $30M

BONEO PARK, BONEO, VIC

318 HECTARES

Buyer: Duncraig Capital (Paul and Georgia Solomon)

Seller: Rob McNaught

UNDISCLOSED

SPRINGFIELD STATION, MOUNT SURPRISE, QLD

68,500 HECTARES

Buyer: Sydney-based corporate

Seller: Hewitt family

$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)

$27.5M-plus

PASHA, CLERMONT, QLD

7915 HECTARES

Buyer: Local farming family

Seller: Heelan family (Clermont, QLD)

$26.6M

FASSIFERN & INVERINATE, ARMIDALE, NSW

3963 HECTARES

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

Seller: Cameron family (Armidale, NSW)

$26.2M

PAMEROO, ROMA, QLD

4477 HECTARES

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

Seller: Kadel family (Roma, QLD)

$26.1M

KURRAJONG PARK, BAUHINIA, QLD

3237 HECTARES

Buyer: Annie and Rob Donoghue (Bauhinia, QLD)

Seller: Scott family (Mt Gambier, SA)

$25M

MILLERS CREEK STATION, WILLOW TREE, NSW

4743 HECTARES

Buyer: Local farming family

Seller: Josie Walton and daughters Zara Holmes a Court and Alice Strang

$25M

PART WALT PORTFOLIO, SOUTH STIRLING, WA

3052 HECTARES

Buyer: Undisclosed

Seller: First Australian Farmland (Forsta AP-fonden, Sweden)

$25.5M-plus

GOWAN STATION, BLACKALL, QLD

18,077 HECTARES

Buyer: Taroom-based buyer

Seller: Blue Sky Beef

$24.75M

OAKLEIGH WEST, DALBY, QLD

611 HECTARES

Buyer: Undisclosed

Seller: Stephen family (Dalby, QLD)

$24M

AMBY HILLS, ROMA, QLD

9841 HECTARES

Buyer: Western QLD producer

Seller: Colin Maunder

$24M

SUNNY MEADOWS AND COLDSTREAM AIRPORT, COLDSTREAM, VIC

151 HECTARES

Buyer: Acuity Development Group

Seller: Doake family (Coldstream, VIC)

$23.65M

JUNGABURRA, NARRABRI, NSW

518 HECTARES (plus 2300ML)

Buyer: Local family

Seller: Sean Revell

$23M

EUMERELLA, THALLON, QLD

3372 HECTARES

Buyer: Willis family

Seller: Vaughn and Graeme Baker, Melanie O’Flynn

ASX-listed oil and gas giant paid $23m for the Monaro Grazing Portfolio, plus a further $30.25m for the Wallendibby farm.

$23M

MONARO GRAZING PORTFOLIO, ROCKY PLAIN, NSW

4300 HECTARES

Buyer: Woodside Energy Group (ASX-listed)

Seller: Amandri Group Pty Ltd

$22M-plus

ROCKLEA AND PRIOR PARK, ALPHA, QLD

8765 HECTARES

Buyer: Dyer family

Seller: Hack family (Alpha, QLD)

$22M-plus

VALERA VALE, AUGATHELLA, QLD

9858 HECTARES

Buyer: Brett Cattle Company

Seller: Flynn family

$22.5M-plus

CARRAMAR, BAUHINIA, QLD

5369 HECTARES

Buyer: Western Queensland grazing family

Seller: Scott family (Mt Gambier, SA)

$21M-plus

ASCOT AND ARUNDEL AGGREGATION, CECIL PLAINS, QLD

1015 HECTARES

Buyer: Three local families

Seller: Private investor

$21M

RACEVIEW STATION, CHARLEVILLE, QLD

39,550 HECTARES

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

Seller: Mellstrom family (UK)

$20M-plus

JINDIVICK FARM, JINDIVICK, VIC

603 HECTARES

Buyer: Undisclosed

Seller: Cuthberton family

The 1.01m-hectare Rawlinna Station was sold by Jumbuck Pastoral earlier this year to the UK-owned Consolidated Pastoral Company.

$20M-plus

RAWLINNA STATION, RAWLINNA, WA

1.01M HECTARES

Buyer: Consolidated Pastoral Company (UK)

Seller: Jumbuck Pastoral

$20M-plus

MARATHON, RICHMOND, QLD

19248 HECTARES

Buyer: Kemp family (Nebo, QLD)

Seller: Levers family (Richmond, QLD)

$20M

KULKI, GRAMAN, NSW

2146 HECTARES

Buyer: Undisclosed corporate

Seller: David and Annabelle Horn

$20M

MAYFIELD, DINGO, QLD

4242 HECTARES

Buyer: Emerald producer

Seller: Karen Howe (Wandoan QLD)

$20M

STRATTON, ROMA, QLD

8381 HECTARES

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

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

$20M

KARRARA AGGREGATION, ECKLIN SOUTH, VIC

967 HECTARES

Buyer: South Australian family

Seller: Excel Farms (Canada)

UNDISCLOSED

CHILDERLEY PARK, NARACOORTE, SA

1654 HECTARES

Buyer: Three local landholders

Seller: Porter family (Coonawarra, SA)

$19.9M

CARGARA, AUGATHELLA, QLD

8373 HECTARES

Buyer: Scholes family (Barcaldine, Blackall, Qld)

Seller: Wilma Meek (Augathella, QLD)

$19.2M

ECHO AGGREGATION, DEEPWATER, NSW

3537 HECTARES

Seller: Private

Buyer: Herde Land Pty Ltd and Raguz Land Pty Ltd

$18M

MARYVALE AGGREGATION, TABLE TOP, NSW

777 HECTARES

Buyer: AlburyCity

Seller: Visy

$18M

CAWNPORE STATION, BOULIA, QLD

97,400 HECTARES

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

Seller: Hughes Pastoral Company (Peter Hughes)

$17M-plus

MOUNT MORIAC AGGREGATION, MOUNT MORIAC

485 HECTARES

Buyer: Melbourne-based entity

Seller: Champness family

$16.9M

BRAEMAR AND SHENFIELD, TAMWORTH, NSW

1870 HECTARES

Buyer: Swain family (Braemar) and neighbouring family (Shenfield)

Seller: Robbie Sefton and Alistair Yencken

$16.4M

STRANRAER, BELLATA, NSW

1024 HECTARES

Buyer: Two neighbouring farming families

Seller: Robert and Carol Horne (Bellata, NSW)

$16.15M

KANYAPELLA DAIRY, KANYAPELLA, VIC

763 HECTARES

Buyer: PSP Investments (Aurora Dairies, Canada)

Seller: Patrick McMonagle

$16M

MELALEUCA, GOGANGO, QLD

3234 HECTARES

Buyer: Local family

Seller: Lisa McKinlay

$15.9M

GLENSLOY, MEMAGONG

1082 HECTARES

Buyer: Bowman family (Young, NSW)

Seller: Jim Gordon

$15M-plus (including 400ha cotton crop)

DUNDENOON, MOREE, NSW

1400 HECTARES

Buyer: Local farming family

Seller: Shannon family

$15.5M

CANTABILLING SPRINGS, HILL RIVER, WA

1451 HECTARES

Buyer: Undisclosed

Seller: James and Rebecca Raffan

$15.3M

CROFTON PARK, BARFOLD, VIC

824 HECTARES

Buyer: Ross and Yasmin Milton

Seller: Sam and Tania Brougham

$15M

BOLLON AGGREGATION, BOLLON, QLD

20,853 HECTARES

Buyer: Jim Scott (Adavle, QLD)

Seller: Greg and Donna Edwards

$15M

BUDWOOD CITRUS, LEETON, NSW

160 HECTARES (planted)

Buyer: Warakirri Asset Management (Warakirri Diversified Agriculture Fund)

Seller: Private

$15M

SUMMIT FARMS, NATHALIA, VIC

1950 HECTARES

Buyer: Miles family

Seller: NSW Northern Rivers family

$15-$16M

TERLINGS MOREE, NSW

1860 HECTARES

Buyer: Local family

Seller: Shannon family

UNDISCLOSED

MONOMEITH DAIRY, MONOMEITH, VIC

449 HECTARES

Buyer: Yulong Investments

Seller: Glasscock family

UNDISCLOSED

OINMURRA, DIRRANBANDI, QLD

12,053 HECTARES

Buyer: NSW-based grazier

Seller: Grimwade & Gordon Land Pty Ltd

UNDISCLOSED

CASHMERE WEST, ST GEORGE, QLD

11,906 HECTARES

Buyer: Interstate buyer

Seller: Grimwade & Gordon Land Pty Ltd

$14M-plus

COREENA NORTH AND BINYA, EURONGILLY, NSW

715 HECTARES

Buyer: Local farming family

Seller: Bunn family (Eurongilly, NSW)

$14M

CASTLE HILL, BALDRY, NSW

1758 HECTARES

Buyer: John and Samantha Hickson

Seller: Phillips family (Harden, NSW)

$13M-plus

REDBANK, BOOROLITE, VIC

238 HECTARES

Buyer: Private

Seller: Graham and Jo Boone

$13.4M-plus

BAUHINIA DOWNS, BAUHINIA, QLD

2496 HECTARES

Buyer: Western Queensland grazing family

Seller: Scott family (Mt Gambier, SA)

$13M

KAF PORTFOLIO (8 FARMS), KYABRAM, VIC

1000 HECTARES

Buyer: Various

Seller: Kilter Rural

$12M-plus

CARRS PLAINS, MARNOO WEST, VIC

790 HECTARES

Buyer: Wimmera farming family

Seller: Taylor family

$12.8M (bare)

CARBEEN PARK, KATHERINE, NT

7390 HECTARES

Buyer: Heytesbury Pastoral Company

Seller: Henry Lui

$12.4M

GLEN ELGIN, TEELBA, QLD

2880 HECTARES

Buyer: Warby family

Seller: Jeremy and Brenda MacMillan

UNDISCLOSED

TASMAN-CORINYA STATIONS, IVANHOE, NSW

71,866 HECTARES

Buyer: Private investment group

Seller: Bryan Milne

$10M-plus

URALLA AGGREGATION, LILLIPUT, VIC

659 HECTARES

Buyer: Four local buyers

Seller: Estate of JN Baker

$10.25M

NT PORTION 8554, MT BUNDLEY, NT

2386 HECTARES

Buyer: Duxton Farms (ASX)

Seller: undisclosed

$10M

WANGAMONG, OAKLANDS, NSW

931 HECTARES

Buyer: Inchbold family (Yarrawonga, VIC)

Seller: Simpson family (Deniliquin, NSW)

UNDISCLOSED

RANGELANDS, TALWOOD, QLD

2641 HECTARES

Buyer: Talwood farming family

Seller: David and Annie Beare

UNDISCLOSED

BOWTHORN STATION, DOOMADGEE, QLD

235,932 HECTARES

Buyer: Richmond farming family

Seller: New South Wales-based family

UNDISCLOSED

ECHO HILLS, SURAT, QLD

9190 HECTARES

Buyer: Scott family (Roma, QLD)

Seller: Scott family (Mt Gambier, SA)

UNDISCLOSED

BROUGHTON VALE STATION, BROKEN HILL, NSW

31,500 HECTARES

Buyer: NSW Government

Seller: Undisclosed