It was completed with all the trademark drama and flashy fit outs of previous years.
And it also came with its own auction day twist when comedian Dave Hughes stepped out of the crowd to place a winning mega-bid of $3.067 million for Josh Barker and Elyse Knowles home.
We all love Hughesy so why the fuss that he bought a beautiful family home in a prime Melbourne suburb?
Property commentators, and even his own wife, have highlighted Hughesy’s purchase as a lesson in how not to buy a house.
Here are #5 reasons why Hughesy might not be laughing once that new house feeling wears off.
- He overpaid by nearly half a million reports The Australian with his winning bid a whopping $447,000 over the reserve.
- He’s bought an investment property in his own neighbourhood, so he should know the average house price in Elsternwick is just $1.79 million.
- The Melbourne property market is flattening out limiting opportunities for near term capital gains.
- He bought because it had a “good vibe”… but head should prevail over heart when making an investment decision.
- He didn’t tell his wife. Well sort of. His wife asked him to be discreet and use a buyer’s advocate, so what did Hughesy do? Purchase it in person and pose for photos in the bath.
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