The southwest Sydney resident was the winning bidder at the auction of a cluster of five one-bedroom studios in Greenacre Saturday, beating out competition from six other registered bidders.were snapped up under the hammer for $970,000 after going to market with expectations of about $800,000.Selling agent Mark Saleh of Harcourts-Greenacre said the eight-year-old’s entry into the auction was met with astonishment from the crowd of onlookers.
“I’m trying to teach him everything I know,” he said. “I used to get very uncomfortable bidding at auctions, I know what it’s like. I hope this will build up his confidence.”The father-son team will renovate the properties and rent them out. “ will be involved every step of the way … he will make the choices,” the dad said, adding the child would be picking out fittings and fixtures with his guidance.
Auctioneer Rob Trovato of Auction Services was calling the bids and said there was a reasonable level of competition from the other bidders, who were mostly investors and other developers.COVID-19: What the 'September Slope' means for propertyThe younger Hamdam stood out, Mr Trovato said. “He attempted some low-ball bids which had to be knocked back, but a lot of people try that … the two of them were having a bit of fun with it.
Fktard parents
Disgusting when the elderly are treated like trash
So we encourage kids to bid at auction, but letting them gamble at Star is a bridge too far?
Clickbait..Father let’s son bid on his behalf for a property. Newscorp turns it into a ‘news’ article🙄
How is it even legal? It shows everything that is wrong with the Australian obsession with real estate.
I blame the influence of Greta Thunberg and Webster Papadopoulos.
The headline is a bit misleading, but good on his Dad for encouraging his boy into understanding business. No different to a farm kid driving a tractor and learning the ropes at an early age. More parents should do this.