He and John Howard Angas formed a partnership A. B. Goyder and Co. which invested in land including the Reedy Creek survey and developed the Tungkillo area of Mount Crawford. On 1 November 1859 they dissolved the partnership and sold off their entire stock and properties (freehold, leasehold, special survey and rights of pasturage) at Tungkillo as well as Pernong (Purnong) and other squatting properties on the River Murray. This may be seen as a consolidation on Murray's part, as he soon purchased a number of newly released blocks in the Tungkillo region.