Friday, May 7, 2010

'Old money' behind prestige properties surge: agents - Brisbane Times
Brisbane families with "old money" are behind a surge in prestige property sales, agents say. Despite the fallout in the high-end market from last year, 2010 is proving to be a busy year for those purchasing multi-million dollar homes. According to

Hold On to That Mansion: Values of Priciest Homes Keep - Daily Finance
Several years ago, these buyers would have likely been in the market for $20 million homes. "I know is sounds odd, but these buyers are trading down to the next tier of million-dollar properties," he says.

Homearama comes to town - Suffolk News-Herald
Over the last several years, we’ve gotten away from multi-million dollar showcase homes and scaled things back to suit the economy we’re in right now,” Halprin said. “People don’t have to just dream anymore. They can buy.”

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