The number of houses sold for more than $10 million increased by 66% in 2021 on the back of huge demand from owner occupiers during the pandemic.Real estate economist Nerida Conisbee says 640 homes worth a total of $6.4 billion sold across Sydney, Melbourne, Brisbane, Adelaide and Perth.Sydney had the highest number of houses selling for more than $10 million with 478 properties sold in 2021, 70% higher than 2020.Melbourne recorded 100 sales worth $10 million or more, Brisbane had 34, Perth had 27 and Adelaide had one.Mosman in Sydney had the largest number of $10 million plus sales last year, with 50 transactions.“Sydney and Melbourne dominated the luxury sales tally, largely due to the size of the broader property market and higher median house price,” Conisbee says.“There is still no shortage of money at the higher end – the economy is growing quickly and international borders are now open again.”
While you may not feel sorry for someone who can pay that much money – if you want to know wyour your options are – book a time to chat.
