A cattle station sprawled across over 700,000 hectares of land has been purchased by a renowned Queensland cattle family.
The McMillan Pastoral Company completed a deal to buy the property which spans across the Queensland and Northern Territory border on Tuesday.
Cattle stations Wollogorang and Wentworth operate as one property and have been on the market since August 2019.
The properties were sold for $53 million by Chinese tycoon Xingfa Ma, who owns wine and beef properties in Western Australia.
Known as one of China’s richest men, Ma bought the stations back in 2015 for around $47million and is said to have invested $7million in the properties.
Wollogorang and Wentworth combine to cover 80km of the Carpentaria Gulf, known for its favourable agricultural location and were sold with around 30,000 Brahman cattle included in the deal.
Easily accessible by air from either Cloncurry or Mt Isa, the property is positioned in an area of consistent water supply, with reliable rainfall complimenting large nearby creeks and seasonal lagoons.
The McMillan Pastoral Company, owned by the McMillan family, already own the neighbouring 481,000-hectare Calvert Hills Station to the east of their latest purchase, as their impressive cattle station portfolio expands.