Sydney Market Attracting Young House Buyers

Baby boomers or those in the elderly age bracket usually dominate Sydney’s high-end property sales, but Sydney has seen a notable shift towards younger buyers, with interesting purchases from a number of Sydney’s prominent youth.

Daisy Turnbull-Brown, daughter of Malcolm Turnbull, has just listed her sub-penthouse in Potts Point. Daisy and her husband, James, are expecting a baby and obviously are looking to boost funds as well as settle into their Paddington home ahead of the child’s arrival. Located in the Rockwell apartments block, it is expected to fetch over $3million thanks to its spectacular harbour views.

Elsewhere, singer Guy Sebastian and his wife are selling their four-bedroom Clovelly home for $2million. The architect-designed house on Knox Street has ocean views from the upstairs living area. The couple also bought a holiday home near Gerringong last year for $1.115million, which they subsequently renovated. Reportedly, their reason for selling in Clovelly is because they want to have a bigger garden for their young son.

Meanwhile, software entrepreneur Mike Cannon-Brookes has bought a house in Palm Beach for an eye-watering $8.7million. The 33 year-old co-founder of software company Atlassian is clearly enjoying the spoils of his success. Not bad for a guy who used $10,000 worth of credit card debt to start up his company a decade ago with a friend from university.

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