[3 June/Otago Daily Times]

Australia’s second largest cattle station was for sale and the owners hoped for a domestic buyer. Clifton Hills Station is in the north-eastern corner of South Australia and covers 1.65 million hectares. It had 18,300 head of cattle and approval for 21,500. Managing Director of Stock and Station Agent Rural Property & Livestock, Wally Cooper, said he fielded up to 60 inquiries for the station, mostly from domestic buyers. The owners wanted a domestic buyer to avoid the time it takes for foreign firms to get approval from Australia’s Foreign Investment Review Board. Clifton Hill Owner, Neil Dunn, said he hoped the station would fetch $59 million. He added he would prefer to sell to an Australian buyer, even if an international buyer had more money.