Clive Palmer’s mansions in the sun: $50m sunk into QLD homes

Clive Palmer is a strong believer in residential property as a vessel to sink his millions into. Picture: Stewart McLean.

Queensland’s richest man Clive Palmer may soon put $100m into his dinosaur resort, but he’s still one of our most prolific residential investors sinking $50m into mansions and land alone.

MORE: How we’re mortgage-free with money in the bank

Millions change hands in Sunday prestige home mega-auction

Mr Palmer’s most expensive mansion is $12m at Hedges Avenue, Mermaid Beach.

The former politician and billionaire mid week announced his intention to put $100m into revamping his dilapidated Coolum “dinosaur” Resort, after having reportedly paid off about $21m to villa residents he’d been entangled in a…

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