Sydney’s elite breathing easy during COVID’s prestige property boom
Record prices, glitzy new developments and surging demand are driving eastern Sydney’s prestige property market upwards, with apparent immunity from the impacts of the coronavirus belittling the rest of the nation’s economy.
COVID-19 has had little impact on the rising value of properties in Sydney's prestige suburbs. Photo: Shutterstock (Image source: Shutterstock.com)
While millions of Australians are suffering the ignominy of sliding into negative equity or selling property at a loss, the champagne corks are popping as Sydney’s elite enjoy their financial freedom.
Record prices, glitzy new developments and surging demand are driving eastern Sydney’s prestige property market upwards, with apparent immunity from the impacts of the coronavirus belittling the rest of the nation’s economy.
Real Estate Institute…
