A return of Chinese buyers and wealthy expats is expected to fuel demand for properties such as the sprawling Williams Crossing in the NSW southern highlands.
A Hamptons-style mansion set on 40 hectares near Bowral in the NSW Southern Highlands is one trophy rural estate up for grabs in the New Year in a market where demand is expected to be boosted by a new cohort of wealthy expats and a deeper pool of Chinese buyers.
Mr Pallier said wealthy Sydneysiders and expats were the primary buyers of these types of trophy lifestyle properties alongside the resurging Chinese market, which will be“To get the really big prices for country properties, they need to be within about a two-hour drive of the CBD, be it Sydney or Melbourne.
“International inquiry, especially from the expat market, has been surprising and exciting,” Ms Atkins said. Veteran luxury property agent Ken Jacobs, who is selling Woodlands, said he was positive the prestige market – both rural and urban – would have a very strong year in 2023. For those looking for more bling, Chinese property developer Riyu Li’s 10-bedroom Bellagio La Villa in Tallebudgera on the Gold Coast is still on the market with a $33 million asking price through Amir Mian, of Amir Prestige.Mr Li, who developed the three-tower Jewel project at Surfers Paradise, has been trying to sell Bellagio La Villa since January 2021, when it was originally priced at $50 million.
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