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In 1890, the property was bought by Wellington Cochrane Bundock.
Price paid was 29 shillings per acre.
Over the next 43 years, it remained in the Bundock family and during
this period it was developed to its fullest potential as a great
grazing property, having splendid well-watered agricultural and
grazing land, embracing very rich flats along the creek sections,
but consisting chiefly of undulating country, sloping to hills of
more or less precipitous character. 
The Bundocks were an off-shoot of the famed Ogilvie family of "Yulgibar"
on the upper Clarence River, the great 300 square mile station pioneered
by Edward Ogilvie in 1840 and who was a descendant of the ancient
history making Highland Scottish families of Grant and Ogilvie.
For his service at Trafalgar, Commander William Ogilvie, Edward's
father, was presented with a large crown grant of land on the Hunter
River, to which he gave the name 'Merton' after Lord Nelson's English
country seat.
Australian's will never again know anything quite like the pastoral
age - it lasted in the grand manner for the best part of two centuries.
It brought a special character to this harsh and lonely country
and created much of the outback individualism we still recognise
as distinctly Australian today. It brought the 'squatter',
a special kind of man, to this vast, expansive and unfamiliar landscape.
It was the dynamic squatter, the likes of the Bundocks and the
Ogilvies, who had the courage to move out of the unproductive colony
around Port Jackson and follow the tracks of the explorers into
the hinterland where they struggled to build and rear against the
savage moods of this strange raw land.
George Farwell, in his moving narrative 'Squatter's Castle',
tells the story well of this great pastoral dynasty and the agonising
struggles these two families faced in their attempts to produce
fortunes few others could amass in the colony during the same era.
Fashioned after Nelson's villa at Merton in England, the great
stone castle, "Yulgibar" was the scene of Edward Ogilvie's dogmatic
ambition to create his own Ogilvie dynasty but which, however, led
to a splintering of his family and which soured his children's inter-family
relationships for many years, even after his death. His sister,
Ellen Ogilvie, married Wellington Bundock in 1841 and went to live
on her husband's property "Wyangarie" on the Richmond River.
They had four sons and two daughters.

Moving further northward, the Bundock family later acquired 'Natal
Downs' station, just south of Charters Towers, comprising some
1000 square miles of open rolling country. It was the four brothers
- Charles, Frank, Edward and Henry who settled and developed his
huge holding. Prior to the great drought of the 1890's, this station
carried over 30,000 head of cattle and 400 thoroughbred horses.
Some 27,000 head of cattle perished, and only 2 thoroughbred mares
survived during the terrible few years of the drought which brought
ruin to many pastoralists in Queensland and New South Wales.
A private bank was able to give assistance, the Bundock brothers
kept their holding, and fortune smiled on them again within a few
years. The Bundocks bred many champions of the Australian turf over
a 40 year period. They won the Sydney Summer Cup and the Queensland
Cup in 1905, and were renowned for their great string of thoroughbred
stallions. They bred such famous horses as "W.W.C.", The
Dean, Normandy, Grandchester, Luzon and
Blue Book.
The original owner of Wyangarie, Mr Wellington Cochrane Bundock,
died before the disastrous drought. However, he had bequeathed the
beautiful property of Kooralbyn to his son, Charles Wyndham,
who retired from Natal Downs to live at Kooralbyn, but worked it
as a cattle fattening property in conjunction with Natal Downs.
Mr C.W. Bundock lived at Kooralbyn for some 15 years. He was a
breeder of beef shorthorns and blood horses. He used to judge at
the Brisbane Exhibition and was a member of the Moreton Rabbit Board.
For some 12 years or more he was President of the Logan & Albert
Jockey Club and was a member of the Queensland Turf Club and the
Queensland Club. He married Miss Scarvell, daughter of a Sydney
solicitor; she was a very keen floriculturist and the Kooralbyn
gardens, famous throughout the South Coast district, were largely
due to her directing skill. Unfortunately, whilst picturesquely
built in the style of a now remote period, Kooralbyn homestead
was burnt to the ground some years ago. The Beaudesert Fire
Brigade received a call in the early hours of 4th October, 1971,
- it was already too late - nothing could save the old building.
All that remains today are a few bricks from the original fireplace
at a spot roughly a few hundred yards from the north western end
of the present airstrip. Invaluable relics and old photographs which
had been gathered by previous owners were destroyed.
A substantial, square roomy house with wide verandahs, gave it
the general aspect of prosperity and homeliness. The site was a
fine one, commanding splendid views of Mount Kooralbyn, one
of the border peaks standing sentinel-like with greater prominence,
nearer at hand.
This mountain, from which the property takes its name, is over
1,300 feet above sea level and from its crest a magnificent panorama
of the surrounding country is obtained.

In 1933, Kooralbyn was sold to J.J.M. and D.E. Redmond who
held it until 1950, when Mr & Mrs W.H. King bought the property.
At about the same time they also owned several other famous grazing
properties including Forsdale, Kengoon, Pialah, Molesworth and Dingley
Dell. Wally King was a champion Hereford breeder and studman, and
on retirement in 1963, the property was sold to the Australian
Estates (Pastoral) Company Pty Ltd. In 1969, Henry Clarke
acquired Kooralbyn, and held the property for about 4 years.
In 1973 the total area of Kooralbyn was acquired by Sir Arthur
George and Sir Peter Abbels who conceived the concept for the
development of Kooralbyn as planned residential resort community
with funding support from the Australian Guarantee Corporation (AGC).
Several years later the project was taken over entirely by AGC
who developed much of the infrastructure we see today including
the championship 18 hole golf course, airstrip, country club, Lodge
Motel and private villas.
In 1986 AGC sold part of the western valley comprising some 1800
acres to the Gordon family who held adjoining substantial
land holdings. At the same time the remaining land holding, comprising
some 11,600 acres was sold to Towa Resorts Australia, a company
associated with a Japanese leisure and resort property company,
Towa Kohmuten.
In
1991 the new resort and par 3 golf course was completed at a cost
of over $28 million. The Kooralbyn Hotel Resort now provides
visitors and residents with an international standard resort hotel
from which to explore the many and varied delights of the 'Valley
of Hidden Pleasures' as Kooralbyn is now referred to by many.
In September 1997 a New Zealand company under the ownership of
Ray Schofield, and accomplished horseman and hotelier, acquired
800 acres comprising the gold course, equestrian areas, Lodge Motel,
country club and The Kooralbyn Hotel Resort from the previous Japanese
owners. Shortly after control of the remaining property areas passed
to QM Properties, one of Queensland's most respected property
developers.
In a manner fitting of its past both owners of the resort and the
property holdings are keen lovers of horse flesh. One of Queensland's
largest thoroughbred horse studs, 'Glenlogan Park', part
of the QM Properties group is located a few miles from Kooralbyn.
"Tis not in mortals
to command success: But we'll do more Sempronius - We'll deserve
it."
In the written history of Kooralbyn, these lines were quoted of
Charles Bundock, the man most responsible for bringing the property
to its greatest peak as a cattle holding. No less today are the
words also true, they were apt in referring to the early pioneers
who faced such trying hardships - but equally so they belong to
the present generation of planners, engineers and construction people
and their determined efforts to bring in a totally new concept in
community living for all to share.

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