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What do you think of this - 5 year old buys first home...?

13/11/2013

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Sydney property lawyer has recently given his five year old son an early 21st birthday present!  A Potts Point apartment to the value of $710,000 according to the Sydney Morning Herald on October 29 2013.  Is this good forward planning or denying the child the gift of self-sufficiency? - according to Richard Glover in the SMH the day after.  The father, lawyer Dion Vertzayas states he has moved to secure his son's future by buying a "bolt-hole" in the inner city...  but Richard declares in his article he is denying the boy the right of passage for his adult life.  Let us know if you think this is going to help or hinder this young man...

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    Liz Wilson has been working in finance for twenty two years now. She regularly blogs on industry topics and here you will find over a hundred personally written blog topics and case studies...

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  • About Us
    • Why Use Us?
    • Testimonials
    • In The Community >
      • FOWAS Dog Training
      • 2024 Southern Highlands Biggest Bake Off
      • 2023-southern-highlands-biggest-bake-off
    • Our Team
    • Enquiries
    • Privacy Statement
  • Home Loans
    • Investment Loans
    • Calculators >
      • Stamp Duty Calculator
      • Income Tax Calculator
      • Borrowing Power Calculator
      • Budget Planner
      • Extra Repayment Calculator
      • Home Loan Offset Calculator
      • Property Selling Cost Calculator
      • Property Buying Costs Calculator
      • Hardship Contact Lines - Mortgages
      • Hardship Contact Lines - Equipment
    • Aussie Expats and Foreign Investors
    • Deposit Bonds
    • Medical Professionals
  • Cars & Equipment
    • Car, Truck and Equipment Finance
    • Get A Quote
    • Car Buying Service
    • Car Loan Application Online
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    • Car Buyers Guide
  • Financial Planning
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  • More
    • MyConnect
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