Therese Rein sells Noosa cottage to Gina Rinehart, makes $3 million in six months

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Therese Rein sells Noosa cottage to Gina Rinehart, makes $3 million in six months
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Two of Noosa’s most high-profile trophy home owners have done a deal on a beach shack, leaving Therese Rein – Kevin Rudd’s wife – $3 million richer in six months. realestate noosarealestate queenslandproperty

Gina Rinehart’s BV Investments has amassed $42 million in Sunshine Beach real estate this year.Talent manager Mark Morrissey has moved to the Byron Bay hinterland, nearer his number-one client Chris Hemsworth.Wealthy businesswoman Therese Rein, wife of former Labor prime minister Kevin Rudd, and Gina Rinehart come from different ends of the political spectrum, but have found common ground over an almost $10 million cottage on Queensland’s Sunshine Beach.

The recent off-market sale of the two-bedroom house on Sunshine Beach was lodged in the name of Rinehart’s Hancock Prospecting subsidiary, BV Investments. In February, the corporate entity bought a 530-square-metre patch of beachfront land up the road for $11.02 million, just 18 months after the same grassy knoll traded for $7.05 million.

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