PHOTO: Michael Hamdan and agent Mark Saleh after the auction. Photo credit: Harcourts Facebook
An 8-year-old boy may have become Sydney’s youngest investor after winning an auction for a cluster of five one-bedroom units on Saturday.
Michael Hamdan from Southwest Sydney made the winning bid against six other registered groups to secure the homes for NZ$1,062,000.
The property’s selling agent Mark Saleh said the other bidders were astonished when Hamdan made the opening offer, the Daily Telegraph reported.
“I’ve never seen anything like it,” he said. “All the other bidders were a bit shocked.”
Hamdan was supported through the auction by his property developer father who said he wanted the 8-year-old to learn about Sydney’s property market.
“The property market is difficult to get into, I wanted to train my son up … we saw this as a good investment,” he said.
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