Sale of Hy Brazil Station to test foreign appetite for Australian land on mega scale – realestate.com.au

Less than a million dollars for a WA outback station bigger than Vatican City, Monaco, Nauru, Tuvalu, San Marino and Liechtenstein – Hy Brazil Station’s price tag could test whether mega-sized pastoral land remains local or is snapped up by foreign buyers.

The Hy Brazil Station in the Murchison region of midwestern Washington covers 16,618 ha (166.18 square kilometers), making it larger than any of those six countries – and it just hit the market for $900,000.

At that price, the pastoral lease near Mount Magnet values ​​land at about $22 per acre or $54/ha – figures that look sharp by global standards and could tempt offshore investors looking for scale at a discount.

The “semi-arid” station is on the edge of Mount Magnet (population 653), the historic gold mining town that has been WA’s longest continuous gold mining center since 1891 and is home to Hill 50 GM – Australia’s deepest and, for a time, richest underground gold mine.

It is accessible via closed roads including the Great Northern Highway, which also provides closed access to the station.

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Hy Brazil Station in the Murchison region of WA’s Mid West

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Sales agent Alan Fairhead of Morgan Sudlow & Associates said the research was already strong.

The pastoral lease includes an old homestead, barn and outbuildings, plus eight boreholes – six with windmills and tanks – with several water points supported by storage areas.

The broader market background explains the great interest.

According to Bendigo Bank Agribusiness, Australian farmland values ​​remained stable in the first half of 2025, with a national median of $9,885/ha – a modest decline of 3.1 per cent year-on-year – while transactions fell to a record low of 3,104 sales, down 11.5 per cent year-on-year and 14.9 per cent lower than in the second half of 2024.

A greater proportion of sales were in the cheaper states of South Australia, Western Australia and the Northern Territory, putting listings like Hy Brazil squarely in the spotlight.

Recent deals show how major pastoral assets continue to attract international capital.

The sale includes an old farm.

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A shearing shed and eight boreholes are also included in the sale.

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After almost seven months of negotiations, WA’s Rawlinna Station, Australia’s largest sheep station, was sold for more than $20 million to the British Consolidated Pastoral Company, which also owns Isis Downs Station in Queensland. Rawlinna’s lease covers approximately 10,463 square kilometers – larger than Lebanon, Palestine, Puerto Rico, Brunei and even Hong Kong – and is about the size of Sydney.

In south-west Victoria, Germany’s Munich Re made headlines for purchasing 12 farms in the Corangamite Shire, according to the Daily Mail – a lush pastoral area known as one of Australia’s largest food-producing regions with near-perfect milking conditions.

With this rare size and a sub-million-dollar guide, Hy Brazil Station could be one of the most-watched pastoral listings of the year – and a test of whether WA’s big blocks remain in Australian hands or attract a wave of foreign bidders.