Forrest buys back the family farm

24 Jul, 2009 02:00 AM
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Minderoo station has been returned to the Forrest family after Andrew Forrest bought it at auction for $12 million.
Minderoo station has been returned to the Forrest family after Andrew Forrest bought it at auction for $12 million.

MINING magnate Andrew Forrest has bought back the family’s iconic Pilbara cattle station, Minderoo Station, for $12m at auction yesterday.

Mr Forrest did not attend the auction at Rydges Hotel in Perth, instead placing bids through an old school friend and his solicitor, while keeping in contact by mobile phone.

The Forrest family, including Andrew and his father Don, made a surprise appearance at the hotel after the auction.

A crowd of around 80 attended the auction, conducted by Elders Real Estate auctioneer Malcolm French.

Mr French said Minderoo was one of WA’s best pastoral stations and it was an outstanding blue ribbon investment property.

Mr French also conducted the 1998 auction of Minderoo, when it sold for $2.45m to Murion Pastoral Company.

The reserve price for Minderoo station was $12m.

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READER COMMENTS

Peggy
24/11/2012 4:12:47 PM, on Farm Weekly

I worked at Minderoo for several months in 1981 with my cousin, Mary Lou. I have fond memories of my time there and I'm so glad to hear the property is back in the family!

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NO ships with live animals should be leaving Australia. This industry is animal abuse and animal
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we are happy to have Aldi in katanning doing business with WAMCO we also wanted and in great
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This is a disgrace but what can you expect from a Liberal Government that insists on making