Karl Stefanovic’s brother Peter whinges about the property market in Sydney’s posh Eastern Suburbs on his national TV show as he and wife Sylvia Jeffreys try to sell their $4.5M Double Bay home
As he searches for a new million dollar home with wife Sylvia Jeffreys, the journalist complained on his national TV show that he was being impacted by the rising costs.
Speaking to Yellow Brick Road Home Loans executive chairman Mark Burris, Peter said ‘properties, more so in the Eastern Suburbs’ were getting so expensive.
‘PropTrack and CoreLogic data shows the pace of property price growth is slowing. Are you buying this?’ he said.
‘Because I’m still seeing a lot of properties, more so in the Eastern Suburbs though that might not surprise you, that are still going way overs,’ he continued.
Earlier in Stefanovic’s eastern Sydney-centric commentary, he asked Mark to lend his take on Meriton boss Harry Triguboff’s suggestion to build apartments in Little Bay.
‘Because he says, you know it’s been run down, there’s a lot of space there, there’s the prison [Long Bay Correctional Complex] there, etcetera.’
‘But it’s being knocked back, because some locals don’t want to get it. But is that an example of an idea that could well be pursued [to increase Sydney’s housing supply]?’
Bouris agreed with the suggestion, however pointed out many developers may be unwilling to invest in such a proposal given the red tape involved in getting