Cancer-stricken Olivia Newton-John to sell her $5.5 million private country ...

Austrian singer Olivia Newton-John is currently battling cancer for her third time in almost 30 years.

And now it's been reported that the Hollywood star, 70, is selling one of her most prized possessions.

According to Domain.com.au, the actress is placing her private 136-plus acre country estate near New South Wales' Byron Bay on the market for $5.5 million.

Selling up: Cancer-stricken Olivia Newton-John, 70, (pictured) enlists a childhood friend to sell her rustic 136 acre estate near Byron Bay for $5.5 million

Selling up: Cancer-stricken Olivia Newton-John, 70, (pictured) enlists a childhood friend to sell her rustic 136 acre estate near Byron Bay for $5.5 million

Located less than an hour's drive from Byron Bay, Olivia credits her Dalwood farm with giving 'total privacy with peaceful calming energy'.

Ahead of the sale, Olivia also told the publication: 'The expansive view from the farm is breathtaking and captured my heart all those years ago, It's a magical spot.'

In 1980, after her breakout role in Grease, Olivia flew to New South Wales' Ballina with friend Jillian McGrath in hopes of finding a private property to purchase.

Sprawling: Located less than an hour's drive from Byron Bay, Olivia credits her Dalwood farm with giving 'total privacy with peaceful calming energy'

Sprawling: Located less than an hour's drive from Byron Bay, Olivia credits her Dalwood farm with giving 'total privacy with peaceful calming energy'

Historic: Boasting an original fireplace and vaulted ceilings, the property features an airy and open floor plan and flowing living space

Historic: Boasting an original fireplace and vaulted ceilings, the property features an airy and open floor plan and flowing living space

Views: With teak timber floors throughout, bedrooms enjoy stunning vistas over the rolling hills

Views: With teak timber floors throughout, bedrooms enjoy stunning vistas over the rolling hills

Jillian, who has now been tasked with selling the property almost 40 years later, told Domain.com.au: 'It was about having a peaceful base that was completely private that was true to who she is: the animal lover and the environmentalist.'  

The original house on the north-facing hillside property was rebuilt in 2002 into a French-inspired country house with a self-contained guest retreat. 

An entertainers dream: The kitchen has a rustic, farmhouse feel thanks to original wooden ceiling beams

An entertainers dream: The kitchen has a rustic, farmhouse feel thanks

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