Latest news with #KamalSandhu
News.com.au
19-05-2025
- Business
- News.com.au
Fraser Rise couple score $750k sale in Melbourne's best suburb for sellers after paying $488k in 2017
Kamal and Sweetie Sandhu have watched their Fraser Rise home rise in value alongside their kids, selling it for an unexpected windfall of more than $250,000 above what they paid for it. They also scored $30,000 more than they were hoping for with the recent sale, which is now going a long way towards their next address. The couple arrived from the United Kingdom in 2010, and along with sons Harvey, 11, and Aaron, 7, will soon move into a bigger home they are building nearby. After paying $488,000 for their first property in 2016, the pair said an unexpectedly strong final sale price faster than anticipated had been critical in them being able to upsize locally. 'When we first moved in, it felt like the outskirts — there was so much empty land,' Mr Sandhu said. 'But now everything around us has filled up. It's a proper suburb.' The home was once meant to be a long-term investment for the couple, but shifting interest rates, land tax and family needs changed their path. They're now building a five-bedroom, double-storey Hampton-style home to better accommodate working from home and visiting family. 'When family visits, we need more space,' Mr Sandhu said. 'This one will hopefully be our forever home.' The family chose Fraser Rise for its proximity to Caroline Springs and for its multicultural community. While the suburb's growing amenity likely helped their result, Mr Sandhu said they also put in the work to present the home at its best, and it paid off. 'We decluttered, cleaned up the garden, and just made sure it felt open,' he said. 'We also did some minor fix-ups around the house, nothing major, but small things that made all the difference.' With upgrades coming to the Melton line and Sunshine Station, he expects demand in the area to rise even further. 'A train every 10 minutes is a game-changer,' he said. 'When I first got here, I relied on the train. Now my kids will too as they grow up.' While they won't be leaving the suburb, saying goodbye to their street still felt emotional. 'We've got friends and people we know here. It'll be sad to say goodbye.'
Bloomberg
16-05-2025
- Business
- Bloomberg
Barclays Ex-Trader's Gifts of NFTs Emerge in Employment Lawsuit
A former Barclays Plc trader's gift to multiple colleagues of digital art depicting Amsterdam's red-light district has emerged in an employment dispute the bank is fighting with another former trader. Ovie Faruq, a former high-yield cash and derivatives trader, left Barclays in late 2021. He gave the unsolicited gifts after leaving to former colleagues including Kamal Sandhu as well as several other senior markets executives. The nonfungible tokens are flashing red and pink digital collectibles that are part of Faruq's Red Lite District collection.
