Ex Billabong head’s mansion sold at record price

A mansion that landed former Billabong head Matthew Perrin in jail has sold for a record price.

The home, sitting on Cronin Island on the Gold Coast, was owned by Mr Perrin’s wife Nicole Bricknell.

The seven bedroom waterfront property at 15 Southern Cross Drive, Surfers Paradise, has set a record for Cronin Island after selling for $12.45 million.

The sale price was double what Mr Perrin’s ex-wife Nicole Bricknell sold the home for in January 2012, $6.1m three years after he declared bankruptcy.

Ms Bricknell – who owned the mansion – was under pressure from the Commonwealth Bank, which had attempted to seize the mansion to pay for the massive $13.5m in debt Mr Perrin owed the big four financier. Mr Perrin was jailed for eight years

She sold the home to Terry Gavan, a local businessman on the Gold Coast.

The house sits on a large 1,239 sqm block on an island where neighbours include some of the richest people in Australasia.

Among its features was a 2000-bottle wine cellar, a 12-car garage, eight bathrooms, a 10m infinity pool and a 12m pontoon with jet ski pontoons as well.