$5.25 mil gain in 18 months!

Were you ever in doubt?

Who was it that once said that the first million was the hardest.
I think we now have to up that to 2 or 3 million. Inflation you know. [cigar]

The wife and I walk past # 20 every morning during our daily constitutional. It’s been permanently knobbled.

It used to be on one title, on the corner and fronting the river. A beautiful 102m frontage to a quiet street, and a 40m frontage to both Jutland Parade and the Swan river. A prime 4,000 sqm block.

Since the river frontage was carved off and sold for two tiny battleaxe blocks, it’s permanently wrecked it. The remaining house on about 2,200 sqm is a shadow of it’s former self, on only half the dirt with two low brick boxes permanently wrecking it’s river views.

Whoever paid 12.3m got royally ripped off. Probably expat Chinese clients of ‘big Willie’, who bought the 15.5m house, mistakenly reported in the attached SMH article as being “high on the hill in Claremont”. In fact that place was on Victoria Ave in Dalkeith also.

The journo’s certainly didn’t do any homework when they wrote that article. Must be Sydney based.

The largest and most expensive house in Perth by far is the monster on the Mosman Park foreshore. Anyone travelling up the Swan river by boat would know what I mean. People offered 42m for it just recently and they were told to go away – not enough.