Overseas and local wealth is pouring into Australia’s prestige housing market, with almost $7 billion worth of mansions changing hands last year.
Exclusive research commissioned for The Weekend Australian reveals a 40 per cent jump to 925 homes worth more than $5 million each being sold last year.
CoreLogic RP Data head of research Tim Lawless, who compiled the data, confirmed the booming demand for the cream of the crop of Australian housing… (View original article)