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Uber-rich pile into Sydney trophy homes – The Australian Financial Review
Affluent buyers snapped up more than $214 million worth of Sydney trophy homes in the past six months seeking safe investments during the pandemic.
Hong Kong has the highest number of super-prime transactions, with 60 homes changing hands between January and June. However, this is fewer than half of the 155 homes sold during the same time last year.
Los Angeles came in second with 52 sales, down from 77 a year earlier. New York has the third-highest number of super-prime sales this year with 41 transactions, down 70 per cent compared to last year.
Knight Frank’s Erin van Tuil, partner at Crown Residences at One Barangaroo, said affluent b…
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