In Sydney’s Luxury Market, Demand Continues To Outpace Supply

In the early months of 2017, real estate agent Ken Jacobs was driving through the streets of Sydney, Australia’s prestigious Eastern Suburbs, showing jaw-dropping homes to an American client. The itinerary included a lavish penthouse in Elizabeth Bay, the historic Elaine home in Point Piper, which sold a few months later for a record-breaking $71 million (about $45 million U.S.) to an Atlassian cofounder, and a waterfront mansion in Vaucluse. As the pair cruised in a Range Rover, touring the affluent area that is flanked by the Sydney Harbor on the west and the Pacific Ocean on the east, Jacob’s client received a phone call from someone in the United States

https://www.forbesglobalproperties.com/insights/in-sydneys-luxury-market-demand-continues-to-outpace-supply

 

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