Sydney is back on the map
If you know anything about the property investment clock, you'll understand why our good friend Harry is buying up in Sydney.
Billionaire property developer Harry Triguboff has just purchased $96 million worth of residential sites in Sydney. What does this tell you about where the opportunities are?
"I am buying because the rents are going up. The rents are going up constantly. That gives me the confidence. That is the natural demand, it has nothing to do with the Reserve Bank or the state government or the federal government”
For those not familiar with Harry, he is The Head Chief of Meriton Apartments, and was named the Urban Taskforce’s Property Person of the Year 2009. In 2009 Harry's fortune rose to an approx of $3.7 billion AUD mostly due to his desire to build and retain a larger portion of his developments to rent out for short and long term renters.
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