Who says Australian property is a dud investment ATM?

[The Mint Man]

WOW!!!
Have a go at this......

Boom town keeps up the pace with $12.3m house sale
Author: Jonathan Chancellor
Date: December 1, 2006
Publication: Sydney Morning Herald (subscribe)
Perth's best-known house, built by the late Bond Corp lieutenant Peter Beckwith, has been sold for $12.25 million, just 18 months after selling for $7 million.

The price puts the six-bedroom, nine-bathroom Dalkeith palazzo, which overlooks but does not front the Swan River, equal second on Perth's prestige sales list. With the mining boom creating red-hot market conditions, Perth recently broke through the $10 million barrier, 19 years after Sydney. The isolated city's top sale now stands at $15 million for a cliff-top Claremont riverfront property.

Land profiteering has also begun at what was Perth's best-known property, Prix d'Amour, high on the hill at Mosman Park. After the house was demolished and the estate subdivided into 10 lots, an 804 square metre vacant block that sold last year for $3.6 million was resold for $5 million last Friday - a 39 per cent jump.

Only three years ago, Sydney's median house price was more than double Perth's, but the price gap narrowed to within 6 per cent during the September quarter. Sydney's top-priced property, the $28 million Altona at Point Piper, is still well above Perth's, however.

The Espie Dods-designed Beckwith mansion was built over four years in the late 1980s, reportedly at a cost of $9 million. The former Bond Corp chief lived in it for only a short time before he died from a brain tumour in July 1990.

The Jutland Parade house was first sold in 1996 for a record $8.5 million by Beckwith's widow, Valerie, after she struck a deed of settlement with his bankruptcy administrators. The buyer, the shopping centre developer Jack Bendat, who has just taken over the reins at the Perth Wildcats, sold it for $9.15 million in 1999.

It was bought by Michael Boyd, who built his fortune through Sonic Healthcare. Boyd hived off the riverfront croquet garden for $5.6 million in 2004 and then the house for $7 million in 2005.

75% in 18 months...
All you need is a spare 7mil or a bank who will lend it to you

cheers

 

[sam76]

or some sucker willing to pay 75% more than you for it!

 

[spitrader1]

WOW!!!
Have a go at this......


75% in 18 months...
All you need is a spare 7mil or a bank who will lend it to you

cheers

apparently according to bronte, the market has peaked.

 

[juddy]

apparently according to bronte, the market has peaked.

not at the top end, the bottom end has seen a lack of first home buyers. Land developers south of the river are knocking $40k off blocks (today's West)

 

[spitrader1]

not at the top end, the bottom end has seen a lack of first home buyers. Land developers south of the river are knocking $40k off blocks (today's West)

this statement was made as to the property markets status as a whole

 

[juddy]

Does the property market Australia wide act as a single entity? I'm not sure it does.

 

[spitrader1]

Does the property market Australia wide act as a single entity? I'm not sure it does.

of course it doesnt. the systemic risk with property is much less than that of the ASX. hence my absoloute laughter and distain for her comment.

 

[CanOz]

ROTFLMAO!!!! @ Bronte!!!!

Great tan....are those real?

 

[CanOz]

JOE!!!!!

What are you doing, that was a superhero! And she was perfectly covered up.....and i mean perfectly!!!!

LMAO!!

 

[Bronte]

Hehe!

 

[juddy]

ROTFLMAO!!!! @ Bronte!!!!

Great tan....are those real?

And I pictured you as a decrepit, old, toothless... Good Lord!

 

[spitrader1]

Hehe!

battmans wife reveals herself

 

[chops_a_must]

Perth's best-known house, built by the late Bond Corp lieutenant Peter Beckwith, has been sold for $12.25 million, just 18 months after selling for $7 million.

Yeah... I think I remember doing burnouts on the lawn of that place.

As to block sizes going down in value, I'd say it is because of the impracticalities of living so far away from everything.

 

[justjohn]

I think its batmans offsider Robyn :

 

[Bronte]

I think its batmans offsider Robyn :

I am very pleased you liked my picture lads

 

[wayneL]

I am very pleased you liked my picture lads

A bit of silicon there I reckon.

But I've never seen a woman(?) post raunchy photos before... hmmmmmmm.

 

[justjohn]

Is Bronte a woman :22_yikes:

 

[3 veiws of a secret]

Is the picture the real thing ie Bruce Wayne, a billionaire industrialist, playboy, and philanthropist.........
I could settle for the philanthropic part of it ,but PLAYBOY and those silicon valley credentials just don't measure up to Anabolic Batman.

 

[2020hindsight]

btw Bronte, here's me doing some exercise this mornin , sugar.
http://www.unoriginal.co.uk/footage61_4.html

and this is the missus with the quads - they were in a bad mood this day
http://www.unoriginal.co.uk/footage81_4.html

 

[wayneL]

Is Bronte a woman :22_yikes:

If you believe it.... which I don't.