BIG RIVER STATION (SOLD)

BIG RIVER STATION (SOLD)

Alison Ross from Elders in Katherine has sold Big River Station NT a 70,800-hectare property in the Roper Valley, south-east of Katherine, Alison said the purchase was made off-market with the new owners looking to expand their cattle operation.

"They just wanted to ensure they had a bigger land mass; the transaction will go through bare of cattle and the current managers will stay on there for a few years as they put in their development plan for both properties," Ms Ross said.

“But certainly, livestock is their main focus. “

It was purchased for a reportedly  $5.5 million by the Langehoven family from South Africa five months after purchasing adjoining property MT McMinn.

"We have managed to sell Mt McMinn prior to auction, now Big River, and Flying Fox has sold, so half of the Roper region has transacted just this year," Ms Ross said.
"And all of those [stations in the Roper region] have transacted in the last three to four years.

"2018 has been a great opportunity for a lot of family vendors who have been able to sell their properties.

"We have seen other families looking to invest, so entry-level properties have sold."