| From Homesoverseas.co.uk: Australia property prices at the luxury end of the market have plummeted by up to 46% since the peak of the market, according to various reports in the country.
The Weekend Australian reports that banker, Glenn Willis, who previously headed the Australian arm of Lehman Brothers, the US investment bank that collapsed last year, has sold his northern Sydney house for AUS$8m (£3.9m) less then it was valued for at the peak of the market late last year.......Full Article: Source
|