Station/Farmland back in Australian hands

[Ded Driver]

I think many will like seeing this
"Chinese billionaire sells huge Australian cattle stations to Queensland family"
https://7news.com.au/news/qld/chine...attle-stations-to-queensland-family-c-1011388

 

[Guest]

Hope it keeps happening. Great Stuff.

 

[Shep]

Its amazing that they paid so much for them. Would have to be the hardest propertys to
make a $ from in the top end, lots have tried and failed.

About the only thing that is successful in that area are the AWC sanctuarys at Pungalina and seven emu.
Not much point growing cows if you cant get them to a market

 

[silver]

He should'a just given it back to the aboriginies.

 

[Tathradj]

Wonder why the Business man pulled out.
Hmmmmm.

 

[goldtrapper]

Wonder why the Business man pulled out.
Hmmmmm.

China hit hum with the hot iron brand back home........

 

[Rockhunter62]

Wonder why the Business man pulled out.
Hmmmmm.

Because theybuy them as an investment. Don't want to spend any money on them then sell them at a profit. They are doing this a lot in the west. :N:

Cheers

Doug

 

[davent]

Think I read that 38% of U.S, Farmland is owned by China.

 

[Ded Driver]

Wonder why the Business man pulled out.
Hmmmmm.

Because theybuy them as an investment. Don't want to spend any money on them then sell them at a profit. They are doing this a lot in the west. :N:
Cheers
Doug

like this example (in WA) from a year ago
https://www.abc.net.au/news/rural/2019-04-15/station-diversification-in-the-family/10998446
would be great if more of Australia's people had the money & inclination to invest in the vertebrae of Australia's backbone