“‘The intrinsic value of a property is whatever it costs to replace… a two-bedroom apartment today in Sydney is probably $1.2 million to build.’”
Asset Rich with Jack Henderson · Kyle vs Jack: Two of Australia's Biggest Rogues Hold Nothing Back
Play from 3:28
3:28
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What was described
States that a property’s intrinsic value equals its replacement cost (≈$1.2 M for a two-bedroom Sydney apartment)
$1.2 M replacement cost
Said nearby on the same subject
“…enterprise value to replacement cost… has moved very significantly… memory semi-companies are now valued at three or four times what it would cost to rebuild…”
“We don't really do any that are less than 90 square meters internally now… downsizers… want a two bedroom apartment… just that little bit more generous”
“You’ll need to get your property valued towards the end of June next year, and then we can take that as the cost base from an indexation point of view.”