An Australian father has bought his six-year-old son an unusual and
expensive birthday present – an AUD710,000 (THB21.2 million) Sydney apartment.
Lawyer
Dion Vertzayas bought his son Dean the one-bedroomed property in
Victoria Street, Sydney, which has views of the Harbour Bridge.
He
told Australian media: “There is only limited stock in Sydney. He’s
turning six next month. It is going to be a surprise for his birthday.
When he is at university he can have it as his place and he can commute
from there to wherever he wants to study or work.”
Australian parents are increasingly helped their cash-strapped sons and daughters get onto the property ladder.
Media
recently reported that parents paid the equivalent of more than THB30
million for an Australian terraced property for their 23-year-old
student daughter, while others are acting as guarantors when their
children cannot afford deposits.
Andrew
Batt, International Group Editor of PropertyGuru Group, wrote this
story. To contact him about this or other stories email andrew@propertyguru.com.sg
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