The effects of alloying elements on the solidification characteristics, microstructure, thermal conductivity, and tensile strength of Al-Zn-Mg-Fe alloys were investigated for the development of high strength and high thermal conductivity aluminium alloy for die casting. The amounts of Zn and Mg in Al-Zn-Mg-Fe alloys had little effect on the liquidus/solidus temperature, the latent heat for solidification, the energy release for solidification and the fluidity of Al-Zn-Mg-Fe alloys. Thermo-physical modelling of Al-Zn-Mg-Fe alloys by the JMatPro program showed $MgZn_2$, AlCuMgZn and $Al_3Fe$ phases in the microstructure of the alloys. Increased amounts of Mg in Al-Zn-Mg-Fe alloys resulted in phase transformation, such as $MgZn_2{Rightarrow}MgZn_2+AlCuMgZn{Rightarrow}AlCuMgZn$ in the microstructure of the alloys. Increased amounts of Zn and Mg in Al-Zn-Mg-Fe alloys resulted in a gradual reduction of the thermal conductivity of the alloys. Increased amounts of Zn and Mg in Al-Zn-Mg-Fe alloys had little effect on the tensile strength of the alloys.