http://www.propertyobserver.com.au/hotspots/a-quality-property-investment-is-not-dictated-by-prestige-or-price-but-by-growth-and-returns/2014021267753?utm_source=po&utm_medium=aida&utm_campaign=upperright
Here's a good article by Terry Ryder - 13.02.14 and an interesting experiment.
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A quality property investment is not dictated by prestige or price, but by growth and returns. People often fail to see value if they can't relate to the setting.
In 2007 a Grammy Award-winning musician - violinist and conductor Joshua Bell - stood in a metro subway in Washington DC and played for 45 minutes on a $3.5 million Stradivarius. Over 1,000 people walked past. Only seven stopped, briefly, to listen. A three-year-old boy was the only person who paid any real attention to the world-class violinist, who two days earlier had sold out a concert hall in Boston at $100 a seat.
Here's a good article by Terry Ryder - 13.02.14 and an interesting experiment.
---
A quality property investment is not dictated by prestige or price, but by growth and returns. People often fail to see value if they can't relate to the setting.
In 2007 a Grammy Award-winning musician - violinist and conductor Joshua Bell - stood in a metro subway in Washington DC and played for 45 minutes on a $3.5 million Stradivarius. Over 1,000 people walked past. Only seven stopped, briefly, to listen. A three-year-old boy was the only person who paid any real attention to the world-class violinist, who two days earlier had sold out a concert hall in Boston at $100 a seat.