• An Australian couple have hit a farming jackpot, walking away from their sheep farm in  Melbourne with A$95 million ($NZD101m).

Singapore-based property developer Frasers Property purchased the landholding.

The family, who didn’t want to be named, scooped even more than the most lucrative Australian lottery offering by selling their farm in the suburb of Wyndham Vale, which they purchased in the 1970s.

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The $101m price paid for the Melbourne sheep farm is more than the most lucrative Australian lottery.