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The biggest transaction this year?

Discussion in 'General Property Chat' started by big max, 20th Sep, 2016.

  1. big max

    big max Well-Known Member

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  2. Big Will

    Big Will Well-Known Member

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  3. Colin Rice

    Colin Rice Mortgage Broker Australia Wide Business Member

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    Reminds me of what Kerry Packer reportedly did in 1987 to Allan Bond. Sold Channel 9 for 1 bill and then repurchased later for 250 mill.
     
  4. JDP1

    JDP1 Well-Known Member

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    I'm shocked your link is about the GC big max...:p...I mean, I was hoping you to post about Adelaide or perth..:)
     
  5. Big Will

    Big Will Well-Known Member

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    Wait there is more to Australia than GC?

    Jeez let me sit down first before I read something like that!
     
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  6. big max

    big max Well-Known Member

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    If you are a smart investor you will see now as being a time to buy. That's what we are all here for right? Buy cheap and sell high. I've seen many cycles on the Gold Coast. One of the easiest markets to make very big money due to cycle extremes.
     
  7. big max

    big max Well-Known Member

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    Exactly! The rich get richer huh? :)
     
  8. big max

    big max Well-Known Member

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    Perth will be back but not soon. Give it 5 years or so before Perth high end picks back up ...
     
  9. Big Will

    Big Will Well-Known Member

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    Also one of the easiest ways to lose lots of money too ;)

    This person just lost approx. 25M and this is not factoring anything else except difference in cost.
     
  10. big max

    big max Well-Known Member

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    Yes one man's loss is another's gain. For anyone who knows how to value an asset and how to invest during cycles it's easy to make money. But if you don't have that love of skill the here's a very simply approach - buy on the Gold Coast when everyone is feeling most negative and sell when everyone is crazily positive. My view is we are around 7.30 on the "property clock". Perfect time to buy in now.
     
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  11. Player

    Player Well-Known Member

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    Hi Big Will

    I doubt they lost 25 Million. This is ridiculous media spin. I would be very surprised if there was anything that large on offer to them pre GFC. This is a very special property. It's my favourite house on the Gold Coast. It's like a resort. Very tasteful.

    Unless they were very keen for the funds to move on to other deals or to retire debt, only then might they regret not holding on another couple of years. We are not near the peak of the market for trophy homes like this. I think there's maybe two years left in the tank here.

    Their marketing bill would be horrendous. I've been seeing this house advertised for months and months on end for $29.5 Million in all newspapers and full page and double page glossy magazine inserts in the Financial Review and The Australian.

    Still, a very good buy. This is a trophy asset.
     
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  12. Big Will

    Big Will Well-Known Member

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    I also believe there is some good times ahead for GC.
     
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  13. House

    House Well-Known Member Premium Member

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    Aussie John's got his Point Piper mansion up for sale, expected to sell for around the $100m but not likely to be this year.

    Biggest transaction is probably $80m
     
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  14. big max

    big max Well-Known Member

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    Wow. Russian refugee huh? Wonder how he got his money. Big transaction for sure! (Although technically an amalgamation and not a single sale). Hard to see how he can be making money on that, but this may not be his primary motive :)