Wealthy pickings

The places where Australian high-net worth individuals are spending their money.

Australia’s super-rich like to spend. They spend on art, cars and lavish holidays, but above all else, they spend on property.

Post-GFC, the savvy super-rich have been able to snap up many a bargain, and not just in real estate.

“It’s been a very constructive market for them,” says Chris Selby, head of private wealth at Deutsche Bank.

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