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The rich get richer: Premium suburbs boom

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Your Investment Property | 04 Mar 2014, 10:36 AM Agree 0
It’s been a great year for Australia’s richest residents who saw their property value surge by more than a million dollars during the past 12 months.
  • Sam Smith | 04 Mar 2014, 04:26 PM Agree 0
    To be able to buy a property in one of these suburbs, one needs to earn a huge amount of money and the idea of getting rich is to far fetch for some. Having said that, no one can get rich instantly and everyone starts from a small thing lead to a big thing. The trends these days is to generate what they've called a steady stream of "passive income" whereby one is looking for properties to renovate, live there for 6 months or so and sell and/or rent it for jacked up price. Ah well, I guess everyone needs to start somewhere, "try hard or die trying" as they say.
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