Buntine's Tobermorey passed in at $11m

29 Sep, 2009 08:39 AM
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Two stations owned by cattle baron Sterling Buntine, whose wealth was estimated at $350 million by BRW, have been passed in at auction.

According to The Australian Financial Review, the 599,400 hectare Tobermorey in the Northern Territory was passed in on an auctioneer's bid of $11 million.

The 197,000 hectare Linda Downs pastoral holding in far west Queensland passed in for $5 million.

Ray White Rural's Andrew Adcock said there was still interest in the properties.

The Australian Financial ReviewSource: http://www.afr.com

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