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 It seems he s of a view that he can buy land fronting a beach that he regards as equal to that at Mermaid for less money and with plenty of upside. He s noted that some beachfront apartments at Palm Beach are selling for more than $4 million and has worked out that he can buy homes fronting the ocean for a similar figure. The upshot is that he s signed up for at least four properties and committed many millions of dollars. He apparently believes land fronting the sand at Palm Beach is heading toward prices on the Mermaid beachfront. Former AFL player Tony Smith is focussing his attention on Palm Beach. ....