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Does Australia have no property tax? In what Earth do you sink a one-time $10.5m payment into a house you can't maintain? Perhaps I am missing something very f
by zbird 4y ago
Does Australia have no property tax? In what Earth do you sink a one-time $10.5m payment into a house you can't maintain? Perhaps I am missing something very fundamental here. I can think of much better uses for those funds anyway.
- googlryas 4y agoIt just said a multimillion dollar place. She could have bought a $2M house.
- rubychill 4y agoThis is exactly the kind of thing a newly cashed up bogan would do.
- siggi_pop 4y ago
- nitwit005 4y agoThey might have done the rational thing and tried to make money using the funds mistakenly transfered to them. It's unlikely the courts will demand they turn over gains due to the increase in the value of real estate.
- willdr 4y agoAustralians are obsessed with the property market in a way few from outside the country can understand. It is very uncommon to invest in securities here, compared to pumping more money into housing.
- gzer0 4y agoCould you perhaps expand a bit further on this? I have always been intrigued by the Australian housing market, would like to learn more about why people from the AU don't really invest in securities and dump into housing alone.
- aaaaaaaaata 4y ago"Oy, it's a sure thing, mate." if experience in similar US market has taught anything.
- gzer0 4y agoThe only difference, according to the OP, is that Americans invest in both securities and housing.