Andrew Daniels, Kevin Currie, Julia Gillard, Tony Grant-Taylor, Bob Katter...more, Stewart Levitt, John Wharton
Storm looms as Charters Towers district Runnymede station listed after rural lending stoush
Runnymede station near Richmond in north-west Queensland has been listed for September 7 receivership auction through Ray White Rural agent Kevin Currie.
He lost control of the 20,200-hectare property, which had been with his family for about 96 years, in late 2011 when Bankwest appointed insolvency firm KordaMentha to take control.
At the time Wharton said the receivers had moved in after a debt repayment of more than $1 million was submitted to the bank beyond deadline.
In an act of solidarity, more than 60 beef producers converged on Runnymede to protest about what they described as unfair lending practices.
Bob Katter, the Federal Member for Kennedy, noted it just needed one bank to start fire selling and then the region's farm values would come down.
In a statement to the ABC last November, Bankwest strongly denied placing Runnymede Station into receivership without enough warning.
Wharton said last year that he had paid all the interest and reduced debt by $3 million with other property sales.
Wharton has lawyers fighting his battle, with the bank having engaged Stewart Levitt, from Sydney-based firm Levitt Robinson, known for his fight with the banks over Storm Financial, according to the Courier Mail's City Beat columnist Tony Grant-Taylor.
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Meanwhile, Mike Quigley, boss of the federal government's National Broadband Network, has also sold his Mosman mansion recently at $3,555,000. It represented a loss on the $3.6 million paid in 2007.
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