[1] The station is run by the Australian Agricultural Company in combination with Avon Downs with an area of 3,939 square kilometres (1,521 sq mi); together the properties turn off an average of 25,000 head per year.
The station was established in 1883 when Richardson, Little and Carr took up a large area of land known as Austral Downs on the tableland.
[8] The first commercial flight in the Northern Territory by Qantas carried Mr. C. J. Brabazon from Elderslie Station to Austral Downs in 1921.
[11] Floods occurred in early 1927 with the crossing to the station being submerged under 6 feet (1.8 m) of water, cutting the telegraph line.
[1] In 1980 the property was sold to Nelson Bunker Hunt, an American billionaire, along with other parts of the Scottish Australian Company assets.