Have you heard the real estate investment story of Australian Prime Minister Turnbull? More inspiring than he is as prime minister.
24 years old
In 1978, Turnbull, a law major at the University of Sydney, invested $17000 in the first property of his life near the university. In 1981, he sold the property for $68000.
25 years old
In 1979, he spent $40000 on a Townhouse.1982 year, and Turnbull sold it for $85,000.
27 years old
In 1981, Turnbull inherited a $110000 house and sold it in 1984 for $195000.
29 years old
In 1983, the 29-year-old bought a luxury home for $280000 and sold it in year 1989 for $1400000. A gain of nearly five times.
33 years old
In 1987, Turnbull bought a vacation house at Palm Beach for $820000. Year 1989, he sold $11,500.
34 years old
In 1988, a villa in his name sold a record $20000000.
40 years old
In 1994, 40-year-old Turnbull returned to his birthplace, Point Piper, and bought his current residence for $5425000.
45 years old
In 1999, he bought the property next door for $7000000, split more than 600 square meters to expand his mansion, and sold the converted next door for $13600000 in 2011.
Today, while governing the country as prime minister, Turnbull still lives in Sydney, a luxury home worth more than $50,000,000with its own private wharf. We have to say that real estate investment has played an important role in Turnbull`s life, leading him all the way to today`s success.
