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Yaloak Estate in Australia up for sale for at least A$50 million

Melbourne businessman Peter Yunghanns has put his 5,071-hectare Yaloak Estate up for sale for at least A$50 million, The Australian Financial Review reported.

The estate at 4662 Geelong-Ballan Road is home to the renowned Yaloak Polo Club as well as a grand 1890s homestead, numerous dwellings plus thousands of hectares of cropping and grazing land, the report said.

Colliers International and Kidder Williams are appointed to market the estate internationally, the report added.