Property Trivia: Medieval castles, top not-spots, the ‘X-factor’ of the market

Property Trivia: Medieval castles, top not-spots, the ‘X-factor’ of the market
Jennifer DukeDecember 7, 2020

We all love trivia, and each week we'll continue to quiz you on just how closely you were reading. This week, we saw a huge range of stories. From castles to misleading businesses, what do you remember?

QUESTIONS

1) Recently Michael Matusik said that each market has an ‘X Factor’ that drives the movement of prices and stock. What did he say were the factors to watch in this cycle?

2) The former home of crime king Tony Mokbel has sold again. It went for a pre-auction offer above the $1.1 million that was being sought. We ask: Which Melbourne suburb was the house (pictured below) located in?

 

3) Warren Buffett recently provided shareholders with five top investment tips. What was the ‘Number One’ tip on his list?

4) Western Australia has been cracking down on rent to buy promoters. Most recently, two young siblings, on who is currently 20, were fined for misleading and deceptive conduct over advertisements from their business. What was the name of their business?

5) A food stylist in Prahran has put her home up to auction for $3.75 million plus. The stunning property (pictured below) has two beautiful kitchens that are the stars of the listing. But who is this mysterious foodie?

6) Observer Terry Ryder provided his “five most overrated” Queensland markets for us on Thursday. Some were surprising, others not so much. Can you name any from his list? Bonus points if you can get all five.

 

7) This medieval-style castle (below) in New South Wales’ Leumeah is a three-bedroom home fit for, well, royalty. Do you remember how much it was listed for initially? (And another bonus point if you can remember what the listing reduced the price to!)

See over page for answers

 

 


ANSWERS

1) The X Factors include: SMSFs' push towards property, Chinese direct and indirect buying, loose FIRB rules and the lower Aussie dollar.

2) Brunswick

3) “You don't need to be an expert in order to achieve satisfactory investment returns.  But if you aren’t, you must recognize your limitations and follow a course certain to work reasonably well. Keep things simple and don’t swing for the fences. When promised quick profits, respond with a quick ‘no’”: Warren Buffett. You can read the other four tips here.

4) Sell Houses Easy (below is their logo)

 

5) Peta Gray

6) Noosa, Surfers Paradise, the Gold Coast (generally), Brisbane (CBD apartments) and Port Douglas. Have a read as to why he picked these as the "overrated" areas.

7) $600,000 (reduced to $500,000 plus). See it in its full glory here.

news@propertyobserver.com.au

 

Jennifer Duke

Jennifer Duke was a property writer at Property Observer

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