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Global Update: So Long, Sydney

News from luxury-home markets around the world

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Australian Investors are turning their attention from Sydney to Melbourne.

Getty Images
Australian Investors are turning their attention from Sydney to Melbourne.
Getty Images

So long, Sydney. Sydney-based property investors are buying in Melbourne as the city experiences its own housing boom, currently offers better value for money. [The Daily Telegraph] Don’t ignore emerging markets. Spy Ghana has a breakdown of the many benefits of investing in oft-overlooked areas of Africa. [Spy Ghana] Bangalore is booming with upscale homes: “the city has witnessed a launch of 35 new luxury residential projects as compared to 18 projects in 2013.” First Post offers a guide to the vibrant neighborhoods of India’s technological hub. [First Post] The sky’s the limit. The New York Times looks to the skyscraper-filled future of Midtown Manhattan, complete with before and after photos. [The New York Times] Wealthy buyers in the greater Toronto area are demanding more in the way of luxury living, and developers are driving to deliver with a range of new projects featuring “intriguing interiors and groovy amenity spaces.” [The National Post] Looking for a noticeable property value push? Buy near a quality school. The importance of a good education is rapidly becoming one of the most important factors for Sydney home buyers. [The Daily Telegraph] Brains and beauty. Super model turned real estate hobbyist Cindy Crawford has flipped her Malibu mansion and placed it on the market for $15.5 million. Have a look at the newly available Malibu abode. [Radar Online] Have an update for Mansion Global? Write to us at info@mansionglobal.com

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