Sales of Sydney prestige homes, properties worth more than A$2 million ($1.8 million), slowed more than 35 percent this year, the Australian Financial Review reported.

There have been 190 such properties sold since the start of 2008, compared with 295 in the year-earlier period.

We are, however, expecting the market to pick up as people become more tolerant of, or held hostage to changing market conditions.

Michael Marquette michael@marquetteturner.com.au

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