Phil Lowe’s first job is to clarify the house price mess

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From Domain yesterday:

A four-bedroom beachfront house on Byron Bay’s picturesque Belongil Beach is on sale with an expected price of up to $5.4 million.

“This is the second-last property on the stretch of beach at Belongil with direct beach access,” says Raine & Horne Byron Bay principal Sophie Christou.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.