Andrew 'Twiggy' Forrest's family has bought two iconic Kimberley cattle stations for more than $30 million.
Mining billionaire Andrew Forrest has purchased two iconic cattle stations near Fitzroy Crossing — the first major sale in four years in Western Australia's Kimberley region.Andrew Forrest has paid more than $30 million for two iconic cattle stations — Jubilee Downs and Quanbun DownsThe stations are located near Fitzroy Crossing in the Kimberley region of WA
Located 400km east of Broome, the highly sought-after properties boasted river flood plains and 11,000 droughtmaster cattle across 221,408 hectares.Jubilee Downs once ran sheep and was improved largely with the help of Indigenous stockmen. "We are humbled to be able to continue the legacy Keith and Karen Anderson have built," the Forrests said.
The Forrest family's new investment sees them alongside other giants in the region including Consolidated Australian Pastoral Holdings and Gina Rinehart, who owns nearby Fossil Downs. "Our daughter and son and their families will stay on, as the purchasers endeavour to carry on our legacy."Find more rural newsElders real estate agent Greg Smith confirmed the property fetched a price of more than $30 million.
"What made Keith and Jubilee stand out was his methods to reduce his cattle numbers, running it at a more conservative stock rate, which was sustainable and he really made an effort to look after the rangelands, regenerating and developing the land," Mr Camp said.
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