Sydney top end property to boom on virus!

Monday, 10 February 2020

Via the AFR, Sydney prestige is going to boom:

Sydney’s top-end luxury property market will be buoyed by growing confidence, rising prices and improved supply with records set to tumble in the best-performing postcodes, according to national property valuer Herron Todd White (HTW).

A record price of $25 million set two years ago is expected to be topped at a forthcoming auction for 1473-square metres of waterfront land in Mosman, about eight kilometres north-east of Sydney’s central business district (CBD).

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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.