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It’s a hot summer for luxury residential property sales as buyers are pushed to pay record prices during what is usually a market lull for the holiday season.
Agents claim they are being kept busy with inquiries and deals despite only 41 auctions being scheduled for this weekend, which makes it difficult to meaningfully comment about national sales trends.
But anecdotal evidence from top-end specialists shows pent-up demand is resulting in top prices for prestigious properties in luxury lifestyle locations, such as the Adelaide Hills and northern Queensland.
What $9m buys you in Port Douglas. 
Paul Arthur, chief executive of Queensland Sotheby’s International Realty, says during the past six months he has sold a record $200 million worth of luxury properties in tropical north Queensland, Whitsunday Islands and Brisbane. ....

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