As Sydney’s economy and real estate market continue to thrive, the same cannot be said for other parts of the world- Once the residences of lords, ladies and royalty, a struggling economy has forced Europeans to sell their mansions at a deficit …
1. For $1 000,000 AUD:
A magnificent French Chateau in Chabanais, Poitou-Charentes for sale with 50000m2 of land. Beautiful substantial and historic mansion, of significant historical interest, with panoramic countryside views. Superb 10-bedroom property, situated downs a long tree-lined drive in a 5-hectare plot (over 10 acres) of parkland with gardens and pastureland.
Your Sydney equivalent, neatly presented three bedroom flat, on Pitt Street in Redfern NSW, with a balcony small enough to accommodate a table and chair.
2. For $1,225,000 AUD:
Holiday Village with over 40 Rooms, a complete holiday village with over forty letting bedrooms in the heart of the Limousin countryside. The village comprises of six buildings all in good repair in an idyllic location on the banks of a river. Complete with 6 hectares of garden, a well maintained tennis court and a jeu-de-boules court.
Not quite a village, rather a starter home with two bedrooms and one bathroom in Paddington NSW, for the same price.
3. For $1,910,000 AUD
An Outstanding Art Deco Boutique Hotel, An exquisite and award-winning Art Deco boutique hotel, located on the main square of the town of Corbie, 15 minutes from the center of Amiens – the capital of the Picardie region of northern France. One of the top ten Bed and Breakfast establishments in Europe! All the rooms are beautifully appointed with a mixture of antique and modern furniture, art works and marble fireplaces, Spacious, newly appointed bathrooms – many with whirlpool tubs, to boot.
Bondi, 3 bedroom, 1 bathroom, 2 car ports-1, 850,000 AUD.
The moral of the story is that you have made a solid investment in your Sydney home, high demand and a booming economy mean higher prices hence higher value – if things keep going the way they are (and it is predicted they will) imagine what you could afford to buy in Europe in 5 years? For an accurate valuation of your Sydney home contact Ray White Double Bay.