Australia’s largest personal landholders, the Oldfield/Costello households have added to their huge outback property portfolio with the acquisition of the NT’s Mount Doreen Station.
- The Oldfield/Costello households have purchased Mount Doreen Station in Central Australia
- They now personal 9.2 million hectares throughout the NT, WA and SA
- Mount Doreen covers greater than 730,000 hectares and was bought with 18,000 head of cattle
Viv Oldfield, alongside Don and Colleen Costello, now personal greater than 9.2 million hectares throughout the Northern Territory, Western Australia’s Kimberley area and South Australia’s far north.
The households took the mantle of Australia’s largest personal landholder from Gina Rinehart earlier this yr after buying Innamincka and Macumba stations from Ms Rinehart.
Mount Doreen is certainly one of Australia’s largest natural cattle stations, protecting greater than 730,000 hectares, 400 kilometres north-west of Alice Springs.
Paperwork from the NT Land Titles Workplace present the property bought for $34.7 million, however it’s unclear if that value contains the 18,000 head of cattle that got here with the transaction.
The property has been held by the Braitling household because it was established in 1932.
Mount Doreen has a mean rainfall of about 300mm, with the Braitling household making vital investments into the station’s water infrastructure over the previous few years.
Working as Crown Level Pastoral, the Oldfield/Costello households have made some large investments up to now 12 months.
Alongside buying the SA properties from Ms Rinehart, additionally they purchased WA’s Ruby Plains and Sturt Creek in late 2021.
In 2016, Mr Oldfield was a part of a group of Australian pastoralists who launched an unsuccessful bid to buy the S Kidman and Co. property portfolio, in the end dropping out to Ms Rinehart.