Clive Palmer spends $4.6 million on Applecross trophy home

Billionaire Rich Lister Clive Palmer has quietly bought a Perth home.

The leader of the United Australia Party has spent $4.6 million in Applecross, an affluent waterside suburb south of the Perth CBD.

The six bedroom, 2006 built home with views over the Swan River was initially listed in 2010 with $7.95 million hopes.

It was listed a number of times in the preceding years, cut to $6,499,000 in 2014, $5.99 million in 2015 and then sought mid to high $5 millions in 2018.

Its most recent marketing campaign, which began in February, saw it eventually drop to mid to high $4 millions.

The 965 sqm block last traded for $965,000 in 2003, before the home was built. It had been sold in 2003 by Shirley Barbara de la Hunty, better known as the Olympian Shirley Strickland.

The purpose built three level features a number of living and entertaining spaces.

There's a music room, a home office, a games room and a resort-style heated spa and swimming pool.