Kay & Burton Report October 2014

While there is plenty of buzz around today on the eve of the biggest auction day in our city’s history, our company has quietly been overseeing the completion of two of the biggest sales of recent times. Two Toorak homes settled this week for a combined total of circa $40million. In both cases the buyers were from Melbourne and are a reminder that, even as real estate becomes more global every day, the power and capability of our local buyers to perform at the highest level should never be underestimated. That said, expats and foreign buyers are becoming a permanent fixture amongst buyer inquiry this spring and, as the Aussie dollar continues to weaken, our international specialists are reporting increasing demand from Chinese families seeking to invest personally rather than just financ

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