Long time LNP donor Ian Macallister has sold a beachfront Bribie hideaway he bought during the pandemic, but he hasn’t given up on the holiday spot yet, keeping the house next door.
He sold a four bedroom, four bathroom, five car garage home at White Patch for $1.5m last weekend – making a $100,000 gain in just over two years.
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The home sits on a 2,023sq m block across the road from the beach, and is surrounded by similar sized properties including one that he still owns next door.
Property records shows Mr Macallister bought a five bedroom home in White Patch in July 2020 for $1.3m, then went on to buy the house next door for $1.4m five months later – which is the one he has now sold.
Mr Macallister made one of the biggest real estate deals of his life when he sold land near Upper Kedron for $68m after zoning concerns were ironed out for future development.
Story Credit: news.com.au