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Controversial stations go on sale

Posted October 18, 2008 11:45:00

The vendor for one of the nation's largest pastoral property sales says it is guaranteed to set a new national property value benchmark.

The Tipperary Group of five cattle stations comprise almost 1 million hectares of the Daly River region, south-west of Darwin.

The stations were formerly owned by millionaire Western Australian property developer Warren Anderson, who came to national attention over the dispersal of his rare and exotic animal collection in 2003.

Landmark's national real estate manager John Shore says the sale was not forced by the Northern Territory Government's extended tree-clearing moratorium.

However he says it was influenced by the prolonged development freeze.

"With 80,000 cattle there now, and they are now talking about there could be substantially more cattle there, being so many hectares, sure it has had an effect on their area, but not so much this," he said.

He says the properties' scale, status and unusual history will appeal to overseas investors.

"I think there's Australian animals there now. I don't think there's any zoo animals left," he said.

"There's a vacant rhino enclosure and a vacant zebra enclosure, but that's as far as it goes. It will attract Australian interest as well as overseas interest."

Tags: business-economics-and-finance, industry, housing, nt, daly-river-0822

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