Gina Rinehart

Gina Rinehart buy out as part of $76m beach splash

PHOTO: Gina Rinehart. FILE

Australian richlister mining magnate Gina Rinehart has splashed over $76m on four homes in one Qld suburb within the space of a year.

Gina Rinehart

2022 Australian Financial Review rich list

Ms Rinehart made Qld richlist businesswoman Therese Rein a $9.75m offer she couldn’t refuse for a beach house in Park Crescent, Sunshine Beach in March.

Gina Rinehart and Annastacia Palaszczuk at The Courier-Mail Future Brisbane lunch at Royal International Convention Centre in Brisbane, in December last year. Picture: Richard Walker

Gina Rinehart and Annastacia Palaszczuk at The Courier-Mail Future Brisbane lunch at Royal International Convention Centre in Brisbane, in December last year. Picture: Richard Walker

Ms Rein had paid $6.75m for the property on the beach just six months earlier, in September 2021, but agreed to on-sell it off market after the 44 per cent higher price offered by Ms Rinehart’s company.

Gina Rinehart

Two minutes away from Gina Rinehart’s mega mansion in Queensland sits an uninhabitable pre-war property

The Park Crescent house, built in 1980, has stunning views across Sunshine Beach and has DA approval already on it. It is located just three doors down from a beach house Ms Rinehart bought for $11.2m in February this year.

Therese Rein bought this beachfront cottage which has DA approval in Sunshine Beach for $6.75m before selling it six months later to Gina Rinehart for $9.75m.

Therese Rein bought this beachfront cottage which has DA approval in Sunshine Beach for $6.75m before selling it six months later to Gina Rinehart for $9.75m.

The property uses a walkway down to the beach.

The property uses a walkway down to the beach.

Ms Rinehart’s also bought an Arakoon Crescent property in Sunshine Beach for $21.5m in February, which was one of the most expensive home sales in Qld in the 2021/2022 year.

Gina Rinehart’s Willeroo and Aroona stations sell for more than $60 million combined

She is on the march in Sunshine Beach, Qld’s most expensive suburb that both she and Ms Rein highly favour.

Therese Rein sold these blocks in Noosa and then went on to buy two more houses as part of her 2021 property investment moves.

Therese Rein sold these blocks in Noosa and then went on to buy two more houses as part of her 2021 property investment moves.

Ms Rinehart already owns the most expensive home ever sold in the state – Webb House bought for $34m in June last year.

Gina Rinehart

Gina Rinehart’s mammoth property sale across the country

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