Chinese national Qi Yang confirmed as buyer of Melbourne's $40m Toorak mansion
The agent for the deal, Jeremy Fox of RT Edgar, told SCHWARTZWILLIAMS, the sale is a positive for everyone - the vendors, the tax office, builders, and architects - and helps to keep the whole market moving.
The Ray White Group, Australia's largest real estate network, reported sales of a record $44.7 billion in the 2016-17 financial year, with Sydney, Melbourne, Auckland, the Gold Coast and regional NSW the standout markets.
Brisbane apartment market returning to average after boom: Place Advisory
Place Advisory's December quarter report on Brisbane's apartment market tells the story of a market adjusting to more sustainable levels from record highs.
