Pup Clarke to lead realty into ashes

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From The Australian:

Recently retired Australian ­cricket great Michael Clarke has ­revealed he is considering a future in property development.

…Mr Clarke, an ambassador for NSW developer Johnson Property Group, made the comments as he and wife Kylie paid $1.39 million for a luxury home at the $388m masterplanned estate at Lake Macquarie being undertaken by the developer.

…He has an significant property investment portfolio that includes an $8.3m mansion in Sydney’s Vaucluse and a 93ha, $6.5m southern highlands estate, which is up for sale.

“I’ve always loved property. I think probably 75 per cent of my finances are in property, I’ve ­always had an interest,” Mr Clarke told The Australian.

He led the destruction of the Australian cricket team and now the economy too!

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.