The 133 acre property is equipped with world class facilities designed to be a modern equine precinct, including a 2400m pro-ride track, 80 boxes, two 10-horse walkers, a 20-metre sand roll, a six-horse aqua walker, 60-metre straight equine swimming pool and 50 spelling paddocks.
Hirsch plans to rebuild and camber the pro-ride track to cater for horses in full training.
Hirsch will continue to use the property for breaking, educating and training his racehorses.
"I'm excited about the purchase of the property and very much looking forward to the future of Hirsch Racing," Hirsch said.
Hirsch previously purchased proven Fastnet Rock sire Foxwedge to stand at Woodside Park.
Hirsch currently has horses with Caulfield-based trainers John Sadler and John Salanitri and is in talks with the pair about the opportunity to move to Tylden.
Hirsch will take over the property in three months and expects it will take six months to have the track altered to his requirements.