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PHOTO: Sydney, Australia. KNIGHT FRANK
A weak housing market might be worrying economists but in the world of extreme wealth and luxury, Sydney still ranks as one of the top locations in the world for property sales worth more than $US25 million ($AUD34.6 million).
The sale of five ultra-prime properties, all in the eastern suburbs with a combined value of $US219 million positioned Sydney as the sixth in the world for mega mansion sales.
Some of the larger deals include the $71 million paid for the Point Piper estate, Elaine,sold by the Fairfax family last year.
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