Bunderra Cattle Company buys Neutral Junction Station for a reported $30 million Bunderra Cattle Company buys Neutral Junction Station for a reported $30 million

Bunderra Cattle Company buys Neutral Junction Station for a reported $30 million

by | Aug 8, 2022 | Business, News | 0 comments

The Pickersgill family-owned Bunderra Cattle Co has bought the Territory’s Neutral Junction Station for an estimated $30 million from former Rabbitoh rugby league star Charlie Frith, according to media reports.

The 460,900-hectare cattle station and hay farm sits about 300km north of Alice Springs and 150km south of Tennant Creek, and was sold along with 7,000 head of Droughmaster-cross, Ultra Blacks and Santa Gertrudis cattle, a Domain listing said.

The Financial Review said the southern Barkley property sold for about $30 million, quoting Katherine real estate agent Olivia Thompson as saying the sale price “met expectations” while declining to disclose the price.

The station has an 800-head capacity main cattle yard with a 120ha irrigated hay farm producing about five and six tonnes per hectare, in five cuts per year, the paper reported.

 

Ms Thompson said Neutral Junction was a proven breeding station which has been in operation for over a hundred years, with access to live export and domestic cattle markets.

Ms Thompson said the hay business has been successful because of the station’s warm climate which provides longer growing periods, and faster crop growing times.

The Financial Review said the the Pickersgills family had ten beef properties in Queensland and the Territory, including the 447,500-ha Murranji Station southwest of Daly Waters, bought for $23 million in 2020, and last year they purchased the 17,477ha Bandana Station north of Roma for more than $30 million.

 

 

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