Six star home beckons for Manly s premier address realestate.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from realestate.com.au Daily Mail and Mail on Sunday newspapers.
Real estate veteran said expats just wanted to park their money in safe Australia
Sydney s Lower North Shore and Northern Beaches are particularly popular
Rich expats returning home are driving Australian property prices to record highs and they are willing to spend up to $40million for a house in an upmarket suburb.
Compared with most other wealthy nations, Australia has dramatically lower Covid case numbers and is renowned for having the world s best summer weather and beaches.
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In November, 32 regions saw median house prices rise to new record highs, CoreLogic data showed.
After several months of decline, Sydney and Melbourne real estate values are rising again, with wealthy suburbs setting new records.
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