Sydney real estate ‘cheap’ and there’s no bubble, says global head of residential at Knight Frank

• Sydney real estate is cheap and the Australian market is not experiencing a bubble, according to a senior executive at one of the world’s largest property consultancies.

“Within a global marketplace Sydney does look cheap, there’s no doubt about that,” says Lord Andrew Hay, global head of residential at Knight Frank.

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Lord Andrew Hay, global head of residential at Knight Frank. Photo: John Wright