This article is from the Australian Property Journal archive
LATE trucking industry icon Ray Scott’s pastoral portfolio selldown has now netted more than $150 million, after a further pair of assets within the aggregation were sold to a western Queensland cattle grazing family.
The 29-798-hectare Fairfield Aggregation, east of Rolleston in Queensland’s Central Highlands, and 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.
Around $110 million worth of the aggregation sold at auction early in October. The biggest, the 10,522-hectare Fairfield Station, sold for $49 million to the Dennis family through the Twin hills Cattle Company. The Dennis family also picked up the neighbouring 2,299-hectare Ellis Camp property post-auction, after it passed in for $10.7 million.
Now, the 6,885-hectare Carramar and the 2,496-hectare Bauhinia Downs have sold. They passed in at the auction at $22.5 million and $13.4 million respectively. Final prices for both exceeded those figures.
The properties were acquired over multiple generations of the Scott family, beginning with Ray’s father, trucking magnate Allan. Ray Scott significantly expanded holdings over the last two decades, targeting productive assets for 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 offers extensive dry-land farming.
Other parts of the aggregation to sell were Kurrajong Park, spanning 3,237 hectares, bought by Bauhinia graziers Rob and Annie Donoghue for $26.1 million, while the 2,423-hectare Wongaburra was bought by land owners the Nobbs family for $12 million, and the 1,911-hectare Hatari sold after being passed in at $12 million.
Ray Scott passed away in 2020, having earned a reputation as a legendary truck driver.
