This article is from the Australian Property Journal archive
THE centrepiece of late trucking industry icon Ray Scott’s pastoral portfolio has been split up and sold at auction for around $110 million, with a further tens of millions of Central Queensland country still in negotiations.
The near-30,000-hectare Fairfield Aggregation, which carried around 20,000 cattle, was put to the market through Elders in the middle of year, and huge demand for the country prompted the agents to switch to an auction sale.
Located about 70 kilometres east of Rolleston, the aggregation comprises seven farms. The biggest, the 10,522-hectare Fairfield Station, sold for $49 million to the Dennis family through the Twin hills Cattle Company, The Weekly Times reported.
The Dennis family also picked up the neighbouring 2,299-hectare Ellis Camp property post-auction, after it passed in for $10.7 million.
The properties has been acquired over multiple generations of the Scott family, beginning with Ray’s father, trucking magnate Allan, before Ray Scott significantly expanded the pastoral holdings over the last 20 years. Ray Scott targeted high quality, productive assets with land use options such as beef breeding, finishing, fattening, creating a vertically integrated beef production enterprise.
The portfolio offers geographic and climate diversity, access to live export, feedlots, and beef processing.
It also offered extensive dry-land farming.
Kurrajong Park, spanning 3,237 hectares, was picked up by Bauhinia graziers Rob and Annie Donoghue for $26.1 million.
The 2,423-hectare Wongaburra was bought by land owners the Nobbs family for $12 million, while the 1,911-hectare Hatari sold after being passed in at $12 million.
The 6,880-hectare Carramar was passed in for $22.5 million, while the 2,496-hectare Bauhinia Downs was passed in for $13.4 million.
Ray Scott passed away in 2020, having earned a legendary reputation as a truck driver.
