Queensland’s richest man Clive Palmer could quickly put $100m into his dinosaur resort, however he’s nonetheless considered one of our most prolific residential buyers sinking $50m into mansions and land alone.
MORE: How we’re mortgage-free with cash within the financial institution
Hundreds of thousands change fingers in Sunday status house mega-auction
The previous politician and billionaire mid week introduced his intention to place $100m into revamping his dilapidated Coolum “dinosaur” Resort, after having reportedly paid off about $21m to villa residents he’d been entangled in a bitter dispute with for over eight years.
However that hasn’t stopped him from persevering with to play the high-end residential market within the meantime, together with his listing of mansions and residential properties spanning the Gold Coast, Brisbane, the Sunshine Coast and the far north of Queensland.
His most up-to-date exercise has centred round his latest base in Brisbane’s Fig Tree Pocket the place he owns over 4 hectares of prime riverfront residential land now thanks to a few shrewd purchases.
He received a style of the world when he purchased a large Fig Tree Pocket waterfront mansion off struggling Linc Power founder Peter Bond for a closely discounted $7.5m in January 2018.
The deal induced fairly a stir as a result of simply six months earlier, Mr Bond had turned down $9.25m that was supplied at public sale. The public sale determine was $250,000 lower than Mr Bond had paid for the property, however hindsight being what it’s, he most likely regrets the choice to show that $9.25m sum down earlier.
As a substitute, simply six months later, Mr Bond was accepted a bottom-of-the-barrel supply of $7.5m from Mr Palmer for the seven bed room, 9 toilet, seven automotive storage mansion.
Including salt to the wound, the Linc Power founder had bought his neighbouring property for $2.99m underneath stress in 2017 – which Mr Palmer then picked up in June final 12 months for $5m by way of his firm Closeridge – leaving tens of millions on the reducing room flooring for Mr Bond.
Consolidating his slice of Fig Tree Pocket, Mr Palmer then made a $5m supply to a different neighbour, securing Oakworth Home with its substantial land holding and bringing his trio of neighbouring properties to $17.5m all up.
However his most costly particular person mansion by far is on the Gold Coast, a surprising Hamptons’ type multi-level house full with boxing ring that veteran developer John Potter had created for his personal giant household.
Mr Palmer paid $12m to safe that in August 2018 – a house many nonetheless think about as among the finest the Gold Coast has to supply, with 5 bedrooms, 5 bogs, an eight-car storage and a big double beachfront block at 809sq m.
He has an array of different waterfront mansions on the coast, some held with spouse Ana, and a few in not so schmick state, however all costing tens of millions to carry.
Even so, it’s not at all times about mansions for our richest man, with Mr Palmer splashing $7.9m on a large 75.9 hectare property, which official data stated had a easy two bed room, two toilet, single storage home on it.
He secured that Merrimac website virtually seven and a half years in the past and waited, earlier than lastly shifting in the course of the COVID-19 interval, working up plans to redevelop the positioning. These plans have up to now been rejected by the Gold Coast council, however that’s not more likely to be the final we hear of them.
His improvement streak was additionally behind 4 properties purchased within the Coolum space the place his “dinosaur” resort is, together with a 3 bedder on a 2,010sq m block purchased for $920,000 in Could final 12 months, two titles within the masterplanned neighborhood purchased two days aside for $340,000 and $875,000 in February 2014, and a 1,107sq m block picked up for simply $24,000 in July 2012.
He has additionally picked up land holdings in Botticelli Road, Fig Tree Pocket, together with two giant 1,868sq m blocks zoned residential A, and big swathes of business land – together with two parcels which can be every 60 hectares – in Craiglie in Port Douglas the place his Palmer Sea Reef Golf course is positioned.
Listed below are among the dream property holdings that Mr Palmer has chosen to maintain in Queensland:
Jesmond Highway Fig Tree Pocket
5 bedrooms, two bogs, 1.21hectares
Sale Worth: $5,000,000
Sale Date: 15 Jun 2020
Zoned non-urban for residential use as a big home website.
Jefferson Lane Palm Seaside
4 bedrooms, 2 bogs, 2 automotive storage, 412sq m
Sale Worth: $3,900,000
Sale Date: 1 Jun 2020
Zoned residential D, the property was a former RSL Artwork Union prize house sitting proper on the seaside.
Wildash Road Southport, QLD, 4215
3 bedrooms, 2 bogs, 2 automotive storage, 1,012sq m
Sale Worth: $2,800,000
Sale Date: 2 Dec 2019
Purchased with spouse Ana Palmer, this property is unquestionably an funding to safe the positioning, with views of the Gold Coast skyline and waterways. Zoned residential A for single use dwelling, this can be the positioning of a future stunner.
Hampton Courtroom Paradise Level, QLD, 4216
4 bedrooms, 3 bogs, 2 automotive storage, 778sq m block.
Sale Worth: $1,785,000
Sale Date: 4 Sep 2018
Zoned residential A, there’s a substantial 389sq m home on the positioning.
Kensington Mews Paradise Level, QLD, 4216
4 bedrooms, 4 bogs, 3 automotive storage, 702sq m block.
Sale Worth: $1,825,000
Sale Date: 18 Aug 2018
One other property co-owned with spouse Ana Palmer, this property is zoned Residential A with an infinite 511sq m constructing space.
Hedges Avenue Mermaid Seaside, QLD, 4218
5 bedrooms, 5 bogs, 8 automotive storage, 809sq m
Sale Worth: $12,000,000
Sale Date: 1 Aug 2018
Sitting proper on the seaside, that is Mr Palmer’s most costly house anyplace within the nation, and is decked out in traditional Hamptons type. The property was not zoned in CoreLogic data.
Mitchell Road North Ward, QLD, 4810
4 bedrooms, 2 bogs, 2 automotive areas, 672sq m
Sale Worth: $2,700,000
Sale Date: 5 Jul 2018
This monumental unit is in a combined residential zone continues to be held by Mr Palmer regardless of his run-in with residents over jobs misplaced on the refinery he’d owned by way of considered one of his corporations.
Needham Road Fig Tree Pocket, QLD, 4069
7 bedrooms, 9 bogs, 7 automotive storage, 1.21Ha
Sale Worth: $7,500,000
Sale Date: 31 Jan 2018
Purchased off embattled Linc Power founder Peter Bond for a lot lower than asking value, this property is in a non-urban zone and a large mansion at 1960sq m.
Gooding Drive Merrimac, QLD, 4226
2 bedrooms, 2 bogs, 1 automotive storage, 75.95hectares
Sale Worth: $7,900,000
Sale Date: 1 Nov 2013
A business property in rural zoning, with particular vacationer attraction land use, Mr Palmer is presently in search of approval for a significant improvement right here together with waterways.
Tweedale Road, Graceville, QLD, 4075
4 bedrooms, 3 bogs, 2 automotive storage, 506sq m
Sale Worth: $235,000
Sale Date: 3 Could 2003
Est land worth 2020: $580,000
Given his different inventory, this house is a comparatively modest one positioned in excessive demand Graceville the place the median property value has jumped 31 per cent prior to now 5 years.
Rio Vista Boulevard Broadbeach Waters, QLD, 4218
3 bedrooms, 1 toilet, 2 automotive storage, 668sq m.
Sale Worth: $0
Sale Date: 18 Nov 1997
Zoned residential A for single use dwelling, no value was placed on this sale in CoreLogic data.
Pinewood Road Little Mountain, QLD, 4551
4,010sq m block
Sale Worth: $100,000
Sale Date: 12 Mar 1990
Est land worth 2020: $620,000
Purchased 31 years in the past, that is zoned rural residential settlement.
Shylock Crescent Sunnybank Hills, QLD, 4109
Sale Worth: $120,000
Sale Date: 13 Feb 1990
Est land worth 2020: $485,000
This was a big block of land zoned residential A when purchased 31 years in the past.
King Arthurs Courtroom Paradise Level, QLD, 4216
Sale Worth: $0 (Not recorded)
Est land worth 2020: $3,100,000
No value was recorded for this land buy in CoreLogic, although there’s a substantial house on website.
FOLLOW SOPHIE FOSTER ON FACEBOOK
*Signal as much as The Courier-Mail Weekly Actual Property Replace.Click on right here to get the newest Queensland property information delivered direct to your inbox.