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As the tide goes out on the number of ultra-wealthy people shopping for trophy homes, there’s one type of “buyer” left exposed in greater numbers.
Fake buyers are besieging top-end real estate sellers and are often spending money on inspection reports or lawyer's fees to progress 'the sale', with one fraudster even getting pool water tasted.
As the tide goes out on the number of ultra-wealthy people shopping for trophy homes, there’s one type of “buyer” left exposed in greater numbers.
In one sought-after suburb, there were 38 sales above $10 million in the last financial year. But even the trophy home market may not be immune from the property downturn.
In one sought-after suburb, there were 38 sales above $10 million in the last financial year. But even the trophy home market may not be immune from the property downturn.