PHOTO: Elaine, Point Piper, set a new national price record of A$71 million.
The brakes might have been applied to some areas of Australia’s residential property market, but that hasn’t stopped business bigwigs and cashed-up foreign buyers from splashing their money on some of the country’s most prestigious homes.
In spite of the stagnating growth nationwide–largely led by a cooling Sydney housing market—several stellar sales have taken place around the country, notably in Sydney, Melbourne and Brisbane.
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