The Macpherson family sold the property to the Kaye family in 1844. Joseph Kaye had migrated to Australia in 1832 and in 1838 arrived in Queanbeyan, where he ran the local pub for several years. In 1844 the family moved to "Springbank", taking over the existing farm and buildings. The farm extended over a roughly rectangular area now bounded by University Avenue in the north, Clunies Ross Street to the west, the old Canberra High School (now the Canberra Institute of the Arts, within the ANU Acton campus) to the east and, to the south, the Molonglo River which formed part of the boundary with Corkhills' farm. The area included the old Canberra race track, the original Federal golf course (at Acton before moving to Red Hill) and a large part of the present ANU Acton campus.