From the SMH Markets Blog comes news today that the Reserve Bank of Australia (RBA) has put its Kirribilli mansion up for sale:
The RBA has listed for sale the six-bedroom, 920-square-metre Eversley mansion near the northern end of the Sydney Harbour Bridge through broker Ray White Group, according to a listing on realestate.com.au.
No price guide was given for the property in Kirribilli, where the median house price is $2.35 million…
The Reserve Bank bought Eversley, at 10 Carabella Street, in 1986, according to a city council document. The central bank also owns a training college in Kirribilli.
Could this be tacit confirmation that the RBA believes the Sydney housing market is near its peak?
Whatever the case, ownership of dwellings seems like an odd thing for the central bank to be involved in.
