What is the current state of the Sydney CBD luxury apartment market?
It's The Real Estate Podcast, brought to you by Ray White, the largest real estate and property group in Australasia. And welcome to another episode of The Real Estate Podcast, available on iHeartRadio and also Spotify and Apple Podcasts or wherever you get your podcasts from. It is a Wednesday morning, the 1st of June for 2022, and if you live in Sydney, you're
you would have noticed the buzz has returned to the CBD. Coming up in just a moment, we're going to be talking to a couple of real estate agents and they're selling anything from penthouses to quality apartments in the CBD of Sydney. And it seems that the price of this stock isn't going backwards at all. So we'll take a look at that next.
But first, let's check out your Wednesday weather around the country. It's the main centre forecast with propertybuyer.com.au. And let's go to Sydney, expecting a mainly fine sunny day. A little bit of wind around today and expect a high of 15 degrees. Melbourne showers to ease with 12 degrees. Brisbane expecting another fine one with 20.
And in Perth, expect a little bit of cloudy patches, but dry and a high of 19 degrees. Well, jurors deciding the outcome of this massive trial between Johnny Depp and Amber Heard are deep into their deliberations. Well, somebody's going to lose this case and I suspect this time round it might be Amber Heard who is being sued by Johnny Depp for $50 million.
And Heard has countersued, of course, seeking $100 million and claiming that she suffered rampant physical violence and abuse. Yesterday the jurors came back to the courtroom to ask the judge for clarity of one of more than 40 questions. So they are working through it and we might just have a decision by the end of this week. Informing you on real estate.
Wake up every morning to the Real Estate Podcast. Well, it's hard to recognise downtown Sydney CBD from ghost city during lockdown to now the vibrant cafes and restaurants back open. and bringing some of that normality, that vibe returning to the city. And equally, the properties in the CBD, especially penthouses, have a strong demand going on for them.
These quality properties are converting into sales in this space. And joining us to talk a little bit more about this is Monica Tu, who herself finds herself pretty busy with these quality upmarket properties. Good morning, Monaco. Why are these properties still performing?
Good morning, Craig. So why the property is still selling is because of the demand. And all our buyers, the high net worth international buyers and local buyers are still asking for the stock. They're all coming back to the city, enjoying our lifestyle.
Yeah, so you mentioned you sold a couple of penthouses. I think one went for $22 million and the other was $13 million. Now, are these local people buying these properties or is it a cross mix of interstate slash international buyers?
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