A Perth homeowner hired agents to sell his house; a company they owned bought it for $705,000, their interest was disclosed six weeks later, and the homeowner later obtained an $800,000 valuation

A homeowner in Australia says he may have sold his Perth property for nearly $100,000 less than its value after discovering that the real estate agents he hired to sell it were behind the company that bought it. Chao 'Jack' Wu sold the home for $705,000 in 2024, while a later valuation put its value at $800,000.

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