Demand for housing in Sydney and Melbourne’s blue-chip enclaves remains as strong as ever heading into this year, according to buyers’ agents, estate agents and valuers.
“It’s in my interests to talk down the market, but at the coal face that is not what I am hearing,” Mr Morrell said.An ongoing issue, he said, was a lack of listings, a problem being exacerbated by the omicron wave of COVID-19 infections But at the very top end, finance was not an issue, but rather choice, quality offerings and the motivation to sell.
The grand five-bedroom Georgian estate set on 5400 square metres on Burns Road in Wahroonga has been put on the market by the directors of China’s Yunnan Tin Group, the world’s largest producer and exporter of tin. Previously able to purchase something in the $1 million to $2 million bracket, 20 per cent price growth over the past 12 months had lifted average prices above $2 million.