The Sydney home that earned almost $6000 a day

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The Sydney home that earned almost $6000 a day | lucy_macken

The Adamo’s Clifton Gardens home was sold off-market in recent days for more than $18.5 million, making a capital gain of more than $4 million in the 17 months they owned it.

The couple’s Clifton Gardens home has been sold off-market for more than $18.5 million, making a capital gain of more than $4 million in the 17 months they owned it. At that level, the result reflects a 27.5 per cent jump in value, almost three times Mosman’s median house price rise of 9.5 per cent, shown in Domain figures for the 12 months to March.

 

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Lucy_Macken Tax laws incentivise all this

Lucy_Macken houses are working harder than most of us. Because it is still the same house it means our $$$ is loosing value fast.

Lucy_Macken Basically tax free too

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