The land had originally been part of "Oaks Estate" belonging to Thomas Haydock Reibey, father to Premier of Tasmania Thomas Reibey.
The centerpiece of the town is the historic property Entally House, the family home of Thomas Reibey who was the Premier of Tasmania from 1876 to 1877.
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As his executor Thomas Reibey acquired the former's rights and on completion collected the tolls.
In 1882 he won the Launceston Cup and had just failed to win the Melbourne Cup with Stockwell — he bought Malua as a yearling, which won the Melbourne Cup in 1884.
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Reiby was born in Hadspen, Van Diemen's Land, (now Tasmania) the son of Thomas Haydock Reibey and Richarda Allen, and a grandson of Mary Reibey.
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