Dreamworld co-founder John Longhurst sells Mermaid Beach land

Dreamworld co-founder John Longhurst sells Mermaid Beach land
Dreamworld co-founder John Longhurst sells Mermaid Beach land

Dreamworld co-founder John Longhurst has pocketed a $5 million windfall on his vacant Mermaid Beach land parcel. But its taken nearly three decades of ownership.

It was 1989 when Longhurst paid $1,020,000 for the 607 sqm Hedges Avenue block.

Longhurst, who resides at Hope Island, has now flipped it for some $6.2 million off market to local entrepreneur Michael Brosnan who's quickly moved to install a seawall.

Longhurst, considered one of the Gold Coast's most successful businessman,sold Dreamworld in 1989 for $180 million.

In 2013 he sold his remaining share of the Gold Coast shopping centre Logan Hyperdome for $350 million.

This article first appeared in The Weekend Australian Mansions Australia section.

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Dreamworld

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