Roma Lighthouse station farm sold to Tom Strachan

Roma Lighthouse station farm sold to Tom Strachan
Jonathan ChancellorDecember 7, 2020

Some $14 million has been paid for a Roma farm by Tom Strachan, the owner of Australia's largest privately owned labour hire company AUX.

The 7300-hectare Lighthouse station borders his current rural property holding, Lorraine.

"It's champagne country that you can't get enough of," Mr Strachan told The Australian Financial Review.

The new cattle station purchase was made through his Australian Pastoral Land Company, which is separate from the labour hire business.

The Lighthouse property was formerly owned by the estate of Dr Jim Baker who acquired it in 1975 during the "Beef Depression".

Mr Strachan's wealth is estimated by the BRW Young Rich List at $47 million.

The property, was offered to the market alongside the neighbouring Meeleebee Downs, which is in due diligence with a separate buyer.

CBRE's Danny Thomas, Chris Holgar and Geoff Warriner negotiated the sale.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Editor's Picks

First look exclusive: Traders in Purple plan large apartment on West End megasite
Southbank’s skyline evolution: The rise of new apartment living on the Yarra River
Aqualand offer up $10 million of offers for apartment buyers at AURA by Aqualand in North Sydney
Sydney skyline transformation to continue as Charter Hall pitch near-$1 billion skyscraper
Inside the Sydney Olympic Park Master Plan 2050