PHOTO: While in Perth, $US1 million would buy 129 square metres of prime real estate. Photo: Supplied

While $US1 million sounds like a lot, new research suggests in terms of prime real estate it buys you nearly the same in Sydney and Paris.

The world’s rich listers get more bang for their buck in Sydney and Melbourne compared to just six months ago, thanks to a global slowdown in prices and a weaker Australian dollar.

The research, by Knight Frank in its half-yearly wealth report update, compares what $US1 million ($1.4 million) buys around the world in terms of square metreage.

 

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