An eight-year-old boy bought five apartments worth more than £500,000. Schoolboy Michael Hamdan is now a property developer after buying the cluster in Sydney, Australia, for AU $970,000 (£530,000) following a bidding war at an auction on Saturday.
He managed to beat off competition from six others for the one-bed flats in the New South Wales city's Juno Parade with the help of his dad - a property developer himself - who gave his son advice, as well as funding the venture. "I've never seen anything like it," Mark Saleh, from Harcourts Greenacre, the selling agent who sold the properties to young Michael.
He told realestate.com.au: "All the other bidders were a bit shocked." Michael handed over his dad's cheque after the win as he's too
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