A Chinese billionaire with extensive property holdings on the Gold Coast has made a tidy profit on a scenic farm he purchased six years ago. while still trying to offload the $50million mansion he owns in the same area.
Riyu Li, who moved his family to Australia from China in 2000, recently sold beautiful Wirlinga Park cattle farm in the Tallebudgera Valley for $5.35million.
Mr Li had purchased the property in 2015 for $3.95million. He achieved the $1.5million profit by breaking the 105.78 hectares into two parcels.
Wirlinga Park cattle farm in the Tallebudgera Valley sprawls over 105.78 hectares
The $5.35million sale price for the property was achieved by breaking it into two parcels