The bubble has to burst, but my goodness if a few lucky dogs aren't making away with some serious dough before it does:
So this wealthy Aussie couple, despite living under a totalitarian regime, managed to buy a townhouse in the middle of Sydney lockdowns for 2.5 million Aussie bucks, then decided immediately that they didn't like the home and didn't want to live there.
It was reported the couple, who wished to remain anonymous, originally thought they overpaid for the property.
They exchanged contracts on the three-bedroom home with a different agent for $2.55 million during lockdown, had suffered instant buyer's remorse and decided to resell it, [realtor] Mr Wardy revealed.
The Ray White-Touma Group agent added that he quickly found a buyer who had missed out on multiple townhouses in the area and was willing to pay $3.15 million, despite not being able to inspect it.
The sale was conditional on the sellers settling on the property before it traded, which meant the couple had to pay $110,000 in stamp duty. The remaining $490,000 in gross resale profit was theirs.
That's a handy $55,000 for every week they held the property.
