Historic Bromelton House sells for millions

The historic Bromelton House homestead has sold.
The historic Bromelton House homestead has sold.

JOANNA Baillieu, a member of the high-profile Melbourne family, has sold her historic Bromelton House homestead at Beaudesert in south-east Queensland to the son-in-law of wealthy Chinese investor Lawrence Lau.

The buyer, Stewart Murray, and his wife Kathy Lau, snapped up the ­135-hectare property for a price believed to be more than $4 million and will turn the farm into a cattle genetics operation.

“It’s early stages at the moment,” Mr Murray said. “We have a pretty big ­business plan in place.”

Mr Murray, who is a veterinarian, said he was planing to breed the ­recognised Canadian pure breed of ­cattle, the Hays Converter. “It will be a cattle genetics project but it’s a bit secret at the moment,” he said.

Bromelton House sits within two hectares of landscaped gardens, formed around a native bean tree that is well over 100 years old.

The garden, which is regularly ­featured as part of Australia’s Open Garden Scheme, overlooks a 150-megalitre lagoon, which has water harvesting licences from the Logan River.

The farm also includes a pecan ­plantation, which Mr Murray said was a good investment.

“We have nearly 3000 pecan [trees] and that’s a good little side earner for us,” he said, “We have already sold pecans to a Swiss company.”

Mr Murray said he was also going to improve the six-hectare polo field which has irrigation hydrants.

The grand homestead has four 3.5-metre ceiling bedrooms, all with French doors opening to verandahs.

There are hoop pine timber floors, red cedar doors, four fireplaces and a billiards room.

Ms Baillieu, who purchased the property in 2001 , declined to comment on the transaction when contacted by The Australian Financial Review.

In 2010, she sold mixed-farming property North Toolburra outside Warwick, also in Queensland, for more than $10 million.

Raine & Horne Rural principal Danny Bukowski who negotiated the deal was unavailable for comment but said last year when marketing the ­property it was one of the best he had taken to market.

>> This article originally appeared in the Financial Review