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Number 96 actor Harry Michaels sells rare apartment
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Number 96 actor Harry Michaels sells rare apartment
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Image: Bennetts Real Estate
News flash: Australia isn’t about crocodiles and kangaroos any more. It’s about oat milk lattes and f ck off mansions.
Talking about property prices has become a national obsession and there’s a good reason for it: house prices in Australia – for desirable suburbs at least – have lost the plot.
Sydney, for instance, today commands some of the highest prices for property (compared to residents’ average annual salaries) anywhere in the world, with residents willing to spend more of a percentage of their paycheck on a home than Londoners or New Yorkers, some studies have found. As previously explained to DMARGE by Investment Manager James Whelan, this mindset comes with both pros and cons.