Fairfax Mansion Set to Sell for $100m

Discussion in 'Property Market Economics' started by House, 8th Sep, 2018.

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  1. House

    House Well-Known Member

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    Icing on the cake for this boom if it sells for a new Australian record

    Elaine took 3 years to sell at $71m.


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    House, 8th Sep, 2018
    #1
  2. Blueskies

    Blueskies Well-Known Member

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    I am definately interested but concerned the rental yield may not be sufficient and will cause this to be cashflow negative. This may impact my servicability for future purchases.

    Perhaps this could be improved through a cosmetic Reno, addition of a granny flat or renting room by room to students/backpackers?
     
    Blueskies, 8th Sep, 2018
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  3. Harry30

    Harry30 Well-Known Member

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    I much prefer this one. It was just listed. Better value at only $55m.

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    Harry30, 8th Sep, 2018
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  4. Fargo

    Fargo Well-Known Member

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    Sounds like mindless crap to me there has been lots of properties sell for more than $100 million , some for more than $200m in Queensland and Tasmania and $ 180m in WA.
     
    Fargo, 8th Sep, 2018
    #4
  5. Harry30

    Harry30 Well-Known Member

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    A single residential property > $100m??
     
    Harry30, 8th Sep, 2018
    #5
  6. Rex

    Rex Well-Known Member

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    It's a dual occ, pretty sure that makes it positively geared. Nothing to worry about.
     
    Rex, 8th Sep, 2018
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