SINCE 1997

Latest News

Luxury market defying economic gravity

With the prestige property market breaking records from Perth to Sydney, those affected by the COVID-19 crisis could be excused for wondering if they are part of the same economy.

Luxury market defying economic gravity
Luxury properties are holding value in prestige suburbs such as Manly in Sydney. Photo: Shutterstock

With prestige property markets breaking records from Perth to Sydney, those affected by the COVID-19 crisis could be excused for wondering if they are part of the same economy. 

In posh Surry Hills in Sydney’s east, self-storage businessman Marco Camuglia sold his historic residence Italianate House for more than $11 million, breaking the suburb record by well over $3 million.

Once the base of the Royal Australasian College of Surgeons, the sal…