Gina Rinehart buys NT cattle station Aroona

Gina Rinehart buys NT cattle station Aroona
Gina Rinehart buys NT cattle station Aroona

Australia's richest woman Gina Rinehart has further expanded her beef cattle empire in northern Australia.

She has bought Aroona Station near Katherine in the Northern Territory, a 147,510 hectare property with 15,000 head of cattle.

Aroona Station sold for $13.5 million having previously sold for $6.4 million in 2006. The $13.5 million figure is for the land only and excludes cattle and plant.

It was bought from beef producers, John and Kate McLoughlin.

Rinehart says Aroona will complement her existing investments in the North.

"It is near to the Phoenix park export depot and it will assist part of the wet season growing program for Riveren and Inverway as well as help to provide better market timing options for some of Hancock Beef's Kimberley cattle stations," she said.

Colliers International's national director of rural and agribusiness, Rawdon Briggs was the listing agent for Aroona Station.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Northern Territory Cattle Station

Comments

Be the first one to comment on this article
What would you like to say about this project?