Gina Rinehart leads high-profile cattle station sales
Business
by James Wagstaff
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A collection of cattle stations bigger than some European countries has been listed for sale in northern Australia.
Experts say a rush of rural properties on to the market in Queensland, Western Australia and the Northern Territory in recent weeks is being driven by record strong buyer demand stemming from low interest rates, soaring agricultural commodity prices and improved seasonal conditions.
The listings include three high-profile portfolios of land totalling 3.5 million hectares - bigger than Belgium (3.05 million hectares) and Slovenia (2.03 million hectares) - worth at least $485 million combined.