Lifestyles of the Rich and Cashed Up
Residential property prices. They’re a lively source of dinner party conversation, particularly when it comes to the records being toppled across Australia.Whether it be Atlassian tech billionaire Scott Farquhar pocketing $130 million for his Point Piper estate, Aussie Home Loans founder John Symond chasing over $200 million for his nearby mansion, the Myer family putting a more than $100 million price tag on their Toorak estate, there seems to be no shortage of cash at the top end of the market.So why has the prestige market been so immune to the slowdown in the wider residential market and stubbornly high interest rates? Where are some of the new hot spots? Why are wealthy Australians eyeing off multi-million dollar apartments on the world’s largest luxury residential yacht? And are there prestige markets that have fallen out of favour.Find out all the answers in this latest episode of Talking Property featuring Lisa Allen, Editor of The Weekend Australian’s property magazine, Mansion, and CBRE’s NSW Head of Prestige Residential Valuations Bader Naaman.