But even the super-rich are cutting back on purchases as they tighten their Chanel belts.
Andrew ‘Twiggy’ Forrest and former partner Nicola Forrest have claimed a place in Sydney’s skyline.
Orange is the new black for owners of Luna Park,while a venerable pub empire injects cash for major upgrades in Sydney’s west.
Jerry Schwartz is purchasing a majority share in the business from former owners Aaron Shaw and Ken Gaunt.
Telco giant Telstra is rolling on with its property sales program seeking to offload a prime site in Sydney’s Redfern.
Rich-lister Tony Denny is selling his prized vineyard in Canberra to focus on projects on NSW’s Central Coast.
Sydney’s city skyline is being transformed into a mini Manhattan with luxury residential towers soaring out of the ground to replace the increasingly embattled office skyscrapers.
City retailers are popping the champagne corks as workers return to the office,international tourists and students fly in and shoppers come back for weekend visits.
Pub veteran John Ryan has splashed out more than $70 million for the Tea Gardens pub in Sydney’s east in what is the largest deal this year in the booming hotel sector.
The retail landlord says it has “materially” increased security and is refreshing its tenants to lure back shoppers battling the cost-of-living crisis.