Business
‘Balaam’ buyer onsells for a $500,000 profit without even owning it – Domain News
The buyer of Brisbane’s iconic Hamilton mansion Balaam has managed to pocket a jaw-dropping $500,000 profit on the property within months of signing a contract…
The buyer of Brisbanes iconic Hamilton mansion Balaam has managed to pocket a jaw-dropping $500,000 profit on the property within months of signing a contract to buy it, despite never actually owning it.
The house at 33B Harbour Road, considered to be one of Brisbanes landmark residences, quietly went under contract via an option agreement for $9 million early last year.
Balaam is set on three titles across 1609 square metres of premier riverfront land and the buyer, according to Place Estate Agents…
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