We mentioned last year that Billabong CEO Gordon Merchant was having some trouble with his neighbors for a surf camera he was installing at his $12 million Angourie, NSW home. Now, Mr. Merchant appears to have purchased a new place on the point at Agnes Water, Queensland for $3.8 million, according to a story in the Gladsotne Observer.
Mr Merchant snapped up the timber “beach shack” for a bargain basement $3.8m after the property had once been on the market for a reported $17m. . . The modest high-set timber house sits on 3846sqm of land looking straight into the waves at well-known surf break Agnes Point.
The lot reportedly has enough space for Mr. Merchant to land his helicopter. And he won’t be alone. Rip Curl’s Claw Warbrick has a couple places in the area as well.
[Link: Gladstone Observer]
