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Luxury Australian homes draw Russians, Chinese

Posted on 04 November 2010

From Theaustralian.com.au: While the US housing market languishes, Australia continues to defy critics who say its property sector is overdue for a correction.
Another test will come at the landmark Sydney Opera House on Monday, when real-estate agency Ray White holds an auction of 11 luxury dwellings, 10 in NSW, one in Queensland. The firm hopes the iconic venue will help persuade the invited bidders, mainly Asian, to snap up the properties, some for as much as $10 million……………………………………….Full Article: Source


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