Australia's top sale of 2022 was in Vaucluse, which is the country's most expensive suburb with a median price of $7.9 million, where a home was snapped up for $63 million.Australia's luxury home prices continued to rise in 2022, despite the rest of the property market falling by 15 per cent.
US real estate TV star Oppenheim toured some of Sydney's most luxurious homes and compared them to exclusive LA suburbs."In Beverly Hills, even in the nicest areas, we're normally selling around $2000 per square foot, and this is like $4000 per square foot," he said.
Source: News Formal (newsformal.com)
The rich don't buy cheap houses.
COVID concentration of wealth to the rich. Only stock market listed companies & government services were considered ‘essential’. Family & small to medium businesses forced to shut down.
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