Category Archives: PROPERTY

Dave Hughes responds to critics who said he spent far too much on a house from The Block.HA-HA SAYS THE CLOWN

DAVE Hughes is requesting an apology from  the property experts who criticised the amount he paid for one of The Block houses last year 2017.

The comedian dropped $3.067 million ($447,000 over the reserve) on the five-bedroom home in Elsternwick in southeast Melbourne that was renovated by Josh Barker and Elyse Knowles.

RELATED: How Hughes went from being on the dole to one of Australia’s most high-paid entertainers

The Block house by Josh and Elyse at 46a Regent St Elsternwick.

“I copped so much flak for that,” Hughes said yesterday on his Hit Network drive show with Kate Langbroek. “It was ridiculous and it’s gone on and on and on.

The Block house by Josh and Elyse at 46a Regent St Elsternwick.

“A lot of experts had their say about my purchase … There are articles that have been written all year having a go at me. One article from one mob called Property One or something, they had a dinner party discussion about how much I overpaid for it.”

The Block house by Josh and Elyse at 46a Regent St Elsternwick.

Reading from the article, Hughes said, “Based on our assessment we think Hughesy has paid somewhere between $417,000 and $517,000 too much. We’re confident it’s closer to the $500,000 level.”

The Block house by Josh and Elyse at 46a Regent St Elsternwick.

The comedian even invited a property expert onto his Network Ten show, Hughesy, We Have a Problem, who told him he’d paid around $250,000 too much for the block house.

The Block house by Josh and Elyse at 46a Regent St Elsternwick.

But now, 10 months on, Hughes is adamant the experts were wrong based on the sale of yet another Block house on the weekend.

The Block house by Josh and Elyse at 46a Regent St Elsternwick.

“The house next to the house I bought, Sticks and Wombat’s house, got sold over the weekend,” he said on radio yesterday.

“Sticks and Wombat’s house got sold just the other day … for $180,000 more than it sold for on the TV less than a year ago,” Hughes stated.

The Block house by Josh and Elyse at 46a Regent St Elsternwick.

“They got $2.83 million on the weekend and with my house being worth more than theirs, because it’s a better house in a better location, Katie, I would like an apology,” he said to Langbroek who also criticised the amount he paid.

Hughes said that the house he bought was better than Sticks and Wombat’s house because his was on the northern end. He also added that his house came with $200,000 worth of furniture whereas Sticks and Wombat’s house was sold unfurnished on the weekend.

“You’ve got to admit that that is pretty good justification,” Hughes said, before giving a shout-out to his bank.

“I’d like the bank to apologise also because they valued my house a lot less when I tried to get the loan. They’re fools! I told the bank they’re idiots!”

Hughes is currently renting out the property in Elsternwick but he did confess to Triple M’s Hot Breakfast in January that it took him a while to locate tenants.

“I had trouble renting it,” he said. “It took a fair while.

“At one point the real estate agent rang me and said, ‘someone wants to move in but they’ve got a dog’. I felt like saying, ‘I don’t care whether they’ve got a meth lab’.

“It’s a little dog and that’s fine. They put in their own doggie door.”

According to realestate.com.au, rent for the five-bedroom house would be somewhere between $2500-$3000 per week.

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Henry Sapiecha

 

‘Stop buying $4 coffees’ & feel ‘Poor Me’ if you want success says young rich lister

A YOUNG rich lister who made his fortune off the back of Australia’s capital city property boom says his generation needs to stop buying $4 coffees and travelling if they want to own a home.

Developer Tim Gurner, 35, is worth nearly half a billion dollars but has delivered a brutal smackdown to some would-be first home buyers struggling to get a toehold in the market.

“When I was buying my first home, I wasn’t buying smashed avocado for 19 bucks and four coffees at $4 each,” he told 60 Minutes in a segment exploring Australia’s housing affordability crisis.

“You have to start to get realistic about your expectations. There is no question we are at a point now where the expectations of younger people are very, very high.

“They want to eat out every day, they want to travel to Europe every year. This generation is watching the Kardashians and thinking that’s normal. Thinking that owning a Bentley is normal, that owning a BMW is normal.

Property developer Tim Gurner made his fortune riding the property boom.News Corp Australia

Mr Gurner, who ranked 157 on this year’s Financial Review Rich List after making $473 million in 10 years He started out by>>>>…MORE

Henry Sapiecha

www.australianmortgageloans.com