David Murray buys bluestone Upper Hunter homestead farm from the Bettinghams

David Murray buys bluestone Upper Hunter homestead farm from the Bettinghams
David Murray buys bluestone Upper Hunter homestead farm from the Bettinghams

David Murray, who headed the financial system inquiry, has spent $7.35 million on adjoining sheep and cattle farms in the Upper Hunter Valley.

His purchases included historic Dales homestead on 1110 hectares at Merriwa for $4.7 million, along with the adjoining 640 hectare Ersyldene property for $2.95 million.

Murray, the inaugural chairman of the Future Fund, and former Commonwealth Bank chief bought through Lyndcote Pty Ltd, which is the name of his longtime Hunters Hill trophy home.

The bluestone 1930s Dales homestead was originally part of Brindley Park.

The Dales sale ends 178 years of ownership by the pioneering Bettington family.

MacCallum Inglis agent Michael Burke negotiated the sale, Fairfax Media reported.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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Merriwa Cattle Farm

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