Federation Details: Palatial Queenslander, 46-48 Aaron Avenue, Hawthorne Qld

Tuesday, October 21, 2014

Palatial Queenslander, 46-48 Aaron Avenue, Hawthorne Qld

'Palatial' Queenslander at 46-48 Aaron Avenue, Hawthorne

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The Queen Anne style Queenslander at 46-48 Aaron Avenue, Hawthorne

Gina Rinehart's record-breaking property deal

Brisbane Times
Date October 21, 2014 - 6:01PM Lauren Cross

Gina Rinehart is believed to have purchased this block of land in Aaron Avenue, Hawthorne, for $4 million, along with the house next door for $14 million. Photo: ADCOCK PRESTIGE

Mining billionaire Gina Rinehart is understood to have paid $18 million for two adjoining properties on the Brisbane River.

One is a $14 million luxurious mini palace at 46-48 Aaron Avenue, Hawthorne, which sits on more than 3400 square metres of land.
This purchase alone smashes the $11.2 million Brisbane record house price of 2007.
But Ms Rinehart is believed to have spent spent another $4 million on the block of land next door - a buffer zone to create more privacy.

The consolidation of both properties means Ms Rinehart will be able to enjoy more than 4000 square metres of prime riverfront land.

46-48 Aaron Avenue, Hawthorne from North, from Google Earth

The house has stunning city and river views, lavish gardens, a pool and a tennis court in one of the city's best areas.

The two sites have stunning river and city views. Photo: ADCOCK PRESTIGE

Hancock Prospecting's subsidiary company, Wingfield Avenue Pty Ltd, reportedly splashed out more than $14 million for the property, which was previously owned by businessman Greg Nunn and his wife Alwyne.