Niche market

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

Clive Palmer’s new Townsville penthouse

first_imgClive Palmer and wife Anna have made multimillion-dollar property decisions this year. Picture: Chris Hyde/Getty Images) Gold mine found in suburban backyard $5 villas set for newest millionaire Property records released in April showed $7.5m was the price Mr Palmer paid for a seven-bedroom Fig Tree Pocket home in Brisbane this year.It was understood he had been scouting for properties near The Strand while he was in Townsville.Mr Palmer had said he wanted to buy property in Townsville so he could oversee the reopening of the QNI ­refinery at Yabulu.Mitchell St is one of Townsville’s most popular streets due to its proximity to The Strand and ocean views. The street was also once home to North Queensland Cowboys legend Johnathan Thurston before he moved to Pallarenda. The unit block is popular with north Queensland business identities including former car dealer David Carmichael who also owned Townsville’s most expensive home Toscano Dal Mare in the mid 1990s.It has panoramic ocean views and fronts on to Strand Park while the apartment complex itself is immaculately maintained and has a lap pool, gym and manicured gardens.The property deal follows Mr Palmer announcing in Townsville last week that he was hoping to finalise a ­property purchase in the next ­fortnight.“I’ll be a resident, I’ll be ­living here,” Mr Palmer said at the time. A resident of the complex at 88 Mitchell St said Mr Palmer had been spotted in the building while several black Mercedes-Benz cars were also seen parked outside last week, coinciding with Mr Palmer’s visit to Townsville. While the price has not been revealed, Mr Palmer is believed to have paid several million dollars for the luxury property.Real estate sources have ­described the penthouse as being one of Townsville’s best.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020It takes up the entire top-floor building of the Mitchell St complex and is more than 600sq m in size.center_img Clive Palmer fronts media to announce the reopening the Yabulu Refinery in Townsville. Picture: Alix SweeneyCLIVE Palmer is understood to have bought one of Townsville’s most luxurious penthouses for an undisclosed sum.The controversial billionaire has bought 9/88 Mitchell St in North Ward in a private sale.The penthouse wasn’t on the market at the time of the sale and was once owned by ­renowned Townsville businessman David Carmichael before he sold it for $3.4 ­million in 2008.Several real estate sources told the Townsville Bulletin yesterday that the sale had gone through, meaning Mr Palmer could be moving in during the next few weeks. The Fig Tree Pocket home was previously owned by embattled businessman Peter Bond.Properties in North Ward regularly fetch more than $1 million due to the seaside ­suburb being close to Townsville’s best parks, bars, restaurants and shops while also being close to the CBD. FOLLOW CHRISTIE ANDERSON ON TWITTERlast_img read more