Hamish Douglass buys rural property
ONE of Australia’s wealthiest fund managers, the Magellan boss Hamish Douglass appears to suppose NSW rural property is a sound funding.
He has simply spent $1,925,000 on a 40 hectare holding at Moss Vale. Its coincidently known as Majellan Park.
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It was listed by means of Hindmarsh + Walsh.
His preliminary 40 hectare Highlands cattle farm buy is on the opposite aspect of Yarrawa Highway, which price $1.7 million two years in the past.
The Impartial Bay based mostly funds supervisor, who turned 50 final month, is unusually cautious concerning the international market outlook.
His funds have elevated their money weighting over current instances as he suggests solely conservative traders sleep nicely.
Supply hyperlink – https://www.information.com.au/finance/real-estate/sydney-nsw/hamish-douglass-buys-rural-property/news-story/4979375e0522214a87a044dfdfb7b967