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Property an Object of Desire
Property an Object of Desire
Well, I beg to disagree. Real estate can be highly emotive, and the desire to buy a house have can create a fusion that cannot be measured by monetary outcome. Last weekend, was a perfect example of what can happen. An auction for the ages, a modest villa that sold for 30 % more than anything else like it that had been sold recently. It was a life changing break for my clients. Fortunately, I was acting for the vendor. Many times, acting for clients buying for investment, I have been outbid by land banking foreigners or owner occupiers. Makes sense really, our desire was based on return and fact, not emotion or a bottomless pocket. So, in closing, was Jamie Packer’s $10 million Diamond Ring an object of desire or Mariah Carey? I think both.