Chinese buyers set fresh Avoca record with Scotsburn purchase from Knox family

The Knox family have sold their Avoca property, Scotsburn repotedly for more than $9.2 million to the Lai family, who are behind property giant Zone Q Investments, the Australian arm of China’s JiaHe JianAn Group.

It was less than two years that it has sold at $8.1 million bought by Josie Knox, wife of grazier Jim Knox.

It was listed though Michael Maloney of Richardson & Wrench Bowral.

The deal required Foreign Investment Review Board approval.

Zone Q – headed by Wenzhong Lai and Zongxing Lai – has more than $650 million in real estate projects across the country and in New Zealand, including the $155 million residential project Aqualuna in Milsons Point.

The Knox's sold the New England property Tenterden Station for $17 milllion last year to the Miramar Trust and Riverslea Trust representing two Surat, Qld, faming families.  

Tenterden comprised 1501 hectares of highly developed arable grazing land, reflecting $11,326/ha ($4585/acre).

They retained Avoncliffe, Guyra.