Billionaires are famend for turning heads with lavish purchases — Amazon founder Jeff Bezos famously constructed himself a billion-dollar, multi-state property assortment, whereas Elon Musk went the opposite manner, downsizing right into a tiny prefab house in Texas.
But for Gina Rinehart — the mining magnate who made her title and fortune at Hanockck Prospecting — actual property appears simply as integral to her legacy as iron ore. Whether or not shopping for riverfront blocks in Dalkeith, prime farmland in Queensland, or seaside homes alongside the Sunshine Coast, her hallmark ambition is clear on each acre. Based mostly on publicly reported transactions, Gina Rinehart’s actual property holdings seemingly complete nicely over half a billion {dollars}.
Beneath is a better have a look at Rinehart’s most notable actual property belongings, as far as we will verify them from publically out there information and reporting.
Associated Tales
Hawthorne Riverfront, Brisbane (Queensland)
Value: $18.5 million (preliminary buy) + subsequent acquisitionsSize: 4545 sqm throughout home + adjoining blockDate of Buy: 2014
Though finest identified for her Western Australian roots, Rinehart additionally has a robust foothold on the east coast. In 2014, an organization linked to her — Wingfield Ave Pty Ltd — acquired a riverfront Queenslander in Hawthorne — certainly one of Brisbane’s status suburbs — for $18.5 million. This buy included the principle home plus an empty block subsequent door, collectively spanning 4545 sq. meters of prime land on the Brisbane River.
Property information present that after the preliminary sale, she later transferred useful possession into her personal title in Might 2018. The property itself — nestled away in an space the place large-scale mansions are few and much between — was later earmarked for growth. Plans have been lodged shortly after buy so as to add a glass-enclosed veranda, a elevate, and an outside bathe — facilities befitting Rinehart’s style for consolation and privateness.
Dalkeith Property, Swan River (Western Australia)
Value: Inherited/Numerous (one empty block of land on marketplace for $9 million)Dimension: A number of homes + adjoining land holdingsDate of Acquisitions: Fifties via Nineties
Sat on Perth’s scenic Swan River, Dalkeith is the coveted enclave for Western Australia’s wealthiest households. Gina Rinehart’s father, Lang Hancock, initially bought a Nineteen Thirties mansion within the Fifties, setting the stage for a plump multigenerational property. Finally inherited by Gina — not with out some controversy — the property options an expansive entrance yard, lush gardens, and a commanding place overlooking the river.
However Rinehart’s footprint in Dalkeith goes far past a single mansion. Through the years, she accrued three homes on adjoining blocks, plus an extra strip of land bought within the Nineties from outstanding investor Ralph Sarich. One empty block, which sits subsequent door, was reportedly in the marketplace for $9 million, simply to offer you an concept of how a lot this sprawling property is with whenever you tot all of it up.
The principle home fronts Victoria Avenue, whereas a second, extra fashionable house nearer to the water is believed to be Rinehart’s private residence. The so-called “workman’s cottage” subsequent door has beforehand been occupied by her estranged son, John Hancock. All in, this assortment of properties — bordered on three sides by the river — kinds what many take into account to be the only largest landholding in Dalkeith.
Rinehart has undertaken swathes of renovations on the historic mansion through the years. Actual property whispers converse of huge upgrades which have remodeled it from what one customer as soon as referred to as “chilly, darkish, and terrible.” The Dalkeith cluster stays a deeply and generally darkly private slice of actual property for Gina, reflecting a dynasty that’s deeply entwined with Perth’s mining fortunes.
Sunshine Seashore and Noosa Holdings (Queensland)
Value: A number of acquisitions starting from $9.75m to $34mSize: A number of oceanfront homes throughout Sunshine Seashore/NoosaDate of Purchases: 2022 onward
Apparently, it’s not simply metropolis riverfronts capturing Rinehart’s consideration: she’s additionally been on a reasonably current purchasing spree throughout Queensland’s Sunshine Coast, most notably within the elite enclaves of Noosa and Sunshine Seashore. Throughout the house of a single 12 months, Rinehart snapped up 4 properties in shut proximity:
Park Crescent Home #1: Bought off-market from Therese Rein (the spouse of former Prime Minister Kevin Rudd) for $9.75 million in March 2022 — simply six months after Rein had acquired it for $6.75m, representing a fast revenue for the vendor.Park Crescent Home #2: Acquired in February 2022 for $11.2 million, positioned only a few doorways down.Arakoon Crescent Mansion: Bought for $21.5 million, among the many priciest ever Sunshine Seashore transactions within the 2021–2022 season.Webb Home on Webb Highway: Rumored to have modified arms for $34 million, making it certainly one of Queensland’s highest-recorded residential gross sales in historical past.
Every of those properties presents direct seaside entry and/or sweeping ocean views. From fashionable mansions with DA approvals to expansive tons conducive to future redevelopment, these Noosa-area purchases spotlight her sturdy inclination towards each luxurious residing and strategic land banking alongside Australia’s most in-demand coastal strips.
Agricultural Empire of Cattle Stations
Value: As much as $386.5 million (for S. Kidman & Co buy)Dimension: Thousands and thousands of hectares throughout QLD, WA, NT, SADates: 2016 onward
Property for Gina Rinehart is about much more than simply luxurious properties; her agricultural holdings symbolize a cornerstone of her $34 billion-plus fortune. By way of Hancock Prospecting, she has quietly acquired or partnered within the buy of quite a few cattle stations throughout Australia, generally measuring within the a whole lot of 1000’s of hectares every.
Certainly one of Rinehart’s most notable offers was shopping for again S. Kidman & Co — an iconic cattle pastoral empire with almost 4 million hectares of land — in a $386.5 million joint transaction alongside Shanghai CRED. The acquisition successfully doubled her variety of stations from round 10 to 21 in a single day. Since then, she bought off about 2.4 million hectares for round $200 million, exhibiting a shrewd potential to purchase after which offload parts as a part of a wider actual property technique.
Stations regularly cited embrace however are positively not restricted to:
A 918,000-hectare property in Queensland’s Channel Nation (baseline unimproved worth soared from $14m to $54m in simply 12 months).A 400,000-hectare station in Fitzroy Crossing, WA.A 384,451-hectare holding within the Pilbara — floor zero for her iron ore empire.About 1.5 million hectares of Queensland farmland beneath S. Kidman & Co, unfold throughout a dozen properties.
Smaller (by Rinehart’s requirements…) however nonetheless notable is Chrome Park in Victoria, a 511-hectare farm bought for $8.6 million, identified for industrial livestock, fodder manufacturing, and award-winning Australian inventory horses.
For Rinehart, proudly owning giant tracts of farmland dovetails neatly together with her background in useful resource extraction and her curiosity in agribusiness. Having direct entry to ports, optimising animal welfare logistics, and diversifying her portfolio are all a part of a really savvy long-term imaginative and prescient for her wealth.
Holdings in Transition
It’s price noting that Rinehart’s method to property is dynamic. Simply as she routinely expands her farmland or metropolis holdings, she additionally sells down parcels to recalibrate her investments. As an illustration, after the S. Kidman & Co. deal, she offloaded a number of cattle stations protecting a whole lot of 1000’s of hectares. In Queensland’s Sunshine Seashore, she bought a number of waterfront properties within the house of some months, presumably with a view to reconfiguring or consolidating them later.
Which means that her actual property holdings are in the end very fluid. Nonetheless, the crown jewels stay intact: her Dalkeith riverfront compound, the Hawthorne property, and her main farmland holdings throughout a number of states. They symbolize not simply prime Australian land but in addition Rinehart and her household’s lengthy legacy, bridging the century-long between mining riches and actual property ventures.
Last Phrase
Gina Rinehart’s actual property story is in the end certainly one of scale and technique. Whether or not inheriting historic mansions, buying farmland by the tens of millions of hectares, or snapping up probably the most unique seaside homes in Queensland, she is evidently enacting a imaginative and prescient huge in scope.
Behind the headlines about skyrocketing cattle station valuations and high-end suburban expansions lies the broader narrative of a lady who turned her household’s mining legacy right into a diversified powerhouse. Whereas some billionaires give attention to minimalism or making a splash in high-tech new industries, Gina Rinehart has chosen to entwine her fortunes with the land beneath her ft, and on a scale few can match.
Removed from merely amassing luxurious properties, she is constructing upon her household’s heritage and shaping her personal within the course of… one huge property at a time.
