The Race That's Stopping a Nation: What Real Estate and Horse Racing Have in Common

For many, the Melbourne Spring Racing Carnival means beautiful weather, the thrill of the track, and a modest wager or two. For others—namely the trainers, owners and big gamblers—it’s serious business. Tens of millions of dollars are at stake—not to mention the glory and prestige of marquee events like the Melbourne Cup and the Cox Plate. It may be a pleasant afternoon for the casual spectator, but for anyone with a lot of coins in their pocket, fortunes are won and lost in the pounding of hooves.

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In Search of the Next Almighty Boom

Thirty years ago, I flirted with the idea of buying a townhouse in Paddington, Sydney. The price tag was $90,000. On the verge of snapping it up, I decided it was too much of a stretch at the time.

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3 Lifestyle Trends That Will Transform Real Estate Development

If real estate development has changed more slowly than other facets of modern life, it’s understandable. A property that cost millions to construct in 1990, for example, may already be far behind in terms of design, connectivity and efficiency—but it still does the job, and it’s not so easy to tear it down and start over. It’s a question of economics.

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