Thylungra sheep station
Queensland pastoralists George Scott and family have purchased Clyde Agriculture’s Thylungra Station for $10.5 million after it was passed in at auction last month.
The 282,000-hectare property is located west of Quilpie in south-west Queensland, and was sold bare of stock, even though it has a carrying capacity of about 38,000 ewes, 7000 wethers and 1800 cows.
Clyde managing director John McKillop told The Australian Financial Review he was pleased with the sale but surprised it had not sold earlier.
"We are pleased to pass over the history of the property including all the brand names and memorabilia," he said of the station first established by the famous pastoral pioneer Patrick Durack in 1868.
Back in 1952 Thylungra was considered the biggest sheep station in the world. My father was boundary riding Thylungra when i was born, my mother was taken to a hotel in Eromanga where was was born. I would love someone to post a photo of Thylungra Station
Posted by Buckland on 16/10/2008 5:16:56 PM
Iconic Thylungra sold for $10.5m
By HELEN WALKER
HISTORIC Thylungra Station at Quilpie
has sold to Bill Scott and family who
plan to convert the premier sheep growing
property to a prime steer backgrounding
and bullock finishing country.
Thylungra had been earlier passed in
at auction in September by Clyde
Agriculture for $10 million. However,
although the price is undisclosed, it is
believed to be in the vicinity of $10.5m
bare but including plant.
The Scott family has considerable
pastoral interests adjoining Thylungra
including the Milo and Budgerygar
aggregation, which are neighbours, as
well as leasing nearby Arleun, also situated
between Milo and Thylungra.
According to a delighted Mr Scott,
who is very familiar with property, the
purchase is a ‘once in a lifetime opportunity’.
“We will use it as a cattle operation in
conjunction with our nearby country, as a
background and bullock finishing operation,”
Mr Scott said. “However, we will
remain flexible with the seasons.
“The opportunity to acquire it is very
exciting, not only the quality of the country,
but the history as well. It is country
that I know very well, having been driving
over the property for the past 30 years
With a delivery date set for January
next year, current manager Ian Lilburne
is busy lamb marking and shearing.
“We have just surfaced from a severe
drought and are enjoying a 96.5pc lamb
marking – the best result in seven years.
The quality Thylungra sheep, based
on Haddon Rig bloodlines, and classed
by noted classer, Andy McLeod, will be
sold off-shears through AuctionsPlus
during October and November.
Thylungra Station, covering 280,000ha
was built on the pioneer Patsy Durack’s
dream in 1868, and is well documented
as one of Queensland largest sheep and
Previous owners include the
Australian Estates, and Tom Woods of
Goondiwindi, before selling to Clyde
Agriculture in 1992.
When property manager Ian Lilburne
and his wife Rae leave Thylungra on settlement
it will end a 24-year-management
regime with the iconic woolgrowing
factory, known for producing a
1400-bale wool clip.
Australia-Macquarie Bank expands beef empire.
AUSTRALIA-BANKERS GET INTO FARMING IN A BIG WAY.
The Macquarie Pastoral Group has made its long-anticipated thrust into Australia’s Top End cattle country with the purchase of three well-known station properties in Queensland and the Northern Territory for $169 million.
The deal represents an alleged purchase price of around $1700 per beast area.
The group last week confirmed it had bought the renowned breeding properties:
Armraynald Station, Burketown (Qld),
Walhallow Station, Tennant Creek (NT) and
The Queensland Channel Country fattening property, Davenport Downs.
All were owned by the Georgina Pastoral Co of Queensland’s cattlemen Peter Hughes and Bill Scott, who acquired the properties variously from the former Colonial and Stanbroke cattle empires.
Together, they amount to about 2.4 million hectares of country with a combined carrying capacity of around 100,000 head of cattle.
The deal, which comes just weeks after Macquarie’s purchase of Burindi/Lugwardine at Barraba and Euroka at Conargo, includes stock and plant.
It comes amid continuing speculation about Queensland divestment of Australian Agricultural Co stations and rumoured moves by James Packer to quit his Consolidated Pastoral northern beef empire.
High debt levels across the Queensland beef industry - after the buying spree that followed the Stanbroke Pastoral Co sell off in 2003 - are understood to be a motivating factor driving sales.
Macquarie Pastoral Group chief executive, David Goodfellow, said the Top End is now a ’buyer’s market’, and stations that had appeared too dear 12 months ago now had become good value. He said Macquarie’s broader strategy was to invest in four key areas, northern NSW, the Riverina, the Top End and another undisclosed area.
The latest deal, which has been in train for several months but still took market-watchers by surprise, propels Macquarie in one stroke into the big league of northern cattle producers.
Mr Goodfellow said although the precise number of stock on hand was unknown, he expected the first muster to confirm the presence of ’more than 90,000 head’.
"These won’t be the last stations we buy there," he predicted.
As with most of its earlier acquisitions, existing staff are being retained at all three stations, including managers Cameron Fulcher (Walhallow), Zac Duff (Armraynald) and Cheyne Williams (Davenport).
Macquarie Pastoral Fund is now well advanced towards raising the $1.3 billion it had set as a target for investment in a chain of sheep and cattle properties across eastern and northern Australia.
Meanwhile the two Georgina Pastoral Co partners are going their separate ways in the wake of the three-station sale.
The deal signals the end of a five year partnership between Peter Hughes and the Scott family of Western Queensland.
Mr Hughes had bought out the Scotts’ 20pc stake in Georgina, although George Scott will stay on as manager of Lake Nash Station.
He says the dissolution of the business relationship was ’absolutely amicable’.
George Scott agrees and says Georgina has enjoyed excellent capital gains from its property portfolio over the past five years.
Mr Hughes, who will retain the Georgina Pastoral Co name, will seek to consolidate and reinvest in his remaining 2 million hectare empire including his family station, Tierawoomba at Nebo, west of Mackay.
His former partner, Bill Scott, will manage his own stations including the 280,000ha Thylungra at Quilpie, bought late last year from Clyde Agriculture and Milo also in south west Queensland.
Operating as Georgina Pastoral Co, Mr Hughes and Mr Scott (former director and area manager respectively of Stanbroke) made headlines in 2006 when they paid more than $300m to secure the rural property portfolio of Colonial Pastoral Co.
The following Queensland sheep station properties are listed in the index of Stuart Svensen's 1989 book The Shearers' War - the Story of the 1891 Shearers' Strike, published by University of Qld Press, St Lucia, Qld, Australia.
Source: includes Thylungra and Kyabra http://archiver.rootsweb.ancestry.com/th/read/AUS-QLD-CHARLEVILLE/2002-08/1028443487