Lynette Malcolm News Today

Sydney’s ultra-rich citizenry has often been accused of living in a parallel universe to the rest of us, and when it comes to their housing market that is certainly true.

Demand for housing in Sydney and Melbourne’s blue-chip enclaves remains as strong as ever, according to buyers’ agents, estate agents and valuers.

A Chinese student who bought a Sydney mansion as a teenager has sold the seven-bedroom home for close to $11million because she wants to downsize. Shuxin Zhou, 17, daughter of Chinese businessman Jianming Zhou, bought the Springfields Estate when she was just 14 years old for $12 million in June 2017.     The house was sold on Wednesday morning, ending a near 18-month campaign to sell the North Shore property by Chadwicks Lynette Malcolm and William Zhang, and Jing Peng of LJ Hooker Gordon...