RICH PICKINGS: Not-so-easy street

Properties in the world's most exclusive precincts are yielding uneven sales results, but Australian real estate agents are betting on an uptick in the local high-end market.

There are plenty of property vendors around Australia who can sympathise with the corporate undertakers from insolvency firm PPB, who are trying to sort out the $1 billion collapse of coal and cattle baron Ric Stowe.

As residential markets around Australia cool, sellers are suddenly discovering that buyers are just that bit harder to find, and their cheque books are that bit harder to open.

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