• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Current price of oil as of June 17, 2026

2

'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream

3

Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI

1

Current price of oil as of June 17, 2026

2

'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream

3

Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
The $10K Day

Here’s How to Have One Spectacular Day in Sydney

By
Adam Erace
Adam Erace
Down Arrow Button Icon
By
Adam Erace
Adam Erace
Down Arrow Button Icon
April 29, 2016, 2:00 PM ET
<h1>Australia</h1>
In the land down under, home prices are rising quickly, prompting the International Monetary Fund on Wednesday to caution that the recent surge in property prices could cause values to "overshoot."

In Sydney, the nation's most populous city, the average home price rose by 13% so far this year to a record $718,122. That's higher than London, where the average is $536,236 and close to New York, where the average is $806,000.

The IMF stopped short of saying there's a housing bubble in hot housing markets, including Melbourne and Brisbane, but urged regulators to keep a closer eye on property investments to ensure banks maintain strict lending standards. 

In September, Australian central bank officials advised lenders against being too eager to offer mortgages to customers, saying record-low interest rates risked fueling a rise in speculative buying.
<h1>Australia</h1> In the land down under, home prices are rising quickly, prompting the International Monetary Fund on Wednesday to caution that the recent surge in property prices could cause values to "overshoot." In Sydney, the nation's most populous city, the average home price rose by 13% so far this year to a record $718,122. That's higher than London, where the average is $536,236 and close to New York, where the average is $806,000. The IMF stopped short of saying there's a housing bubble in hot housing markets, including Melbourne and Brisbane, but urged regulators to keep a closer eye on property investments to ensure banks maintain strict lending standards. In September, Australian central bank officials advised lenders against being too eager to offer mortgages to customers, saying record-low interest rates risked fueling a rise in speculative buying.Photo: Damien Te Whiu/Getty
Add Fortune on Google for similar content.

We asked Benjamin Stephens, the concierge of QT Sydney hotel, to plan us a single, spectacular day in Sydney …

More: See Fortune’s interactive guide to Sydney here:
A Concierge’s Black Book — Sydney

1. Breakfast at the Boathouse

I recommend you start your day with a seaplane from Rose Bay to Palm Beach, on the Northern ­Beaches. Head to the Boathouse for a breakfast on the back of the wharf for the best views.

Cappuccinos at The BoathouseCourtesy of The Boathouse

2. Lunch on superyacht

After a flight back over the city, I would have the crew from my favorite superyacht, Oscar 2, meet you and take you around the harbor to see the best the city has to offer. After you anchor in a bay of your choice, the yacht’s executive chef, John Rankin, will prepare lunch on the top deck.

Oscar 2Courtesy of QT Sydney

3. Shopping at Paddington

Afterward do some shopping, from the Queen Victoria Building to the higher-end labels of Paddington, with a personal driver.

Shoppers fill the Queen Victoria Buildin
Shoppers fill the Queen Victoria Building’s prestigious retail outlets in Sydney.Torsten Blackwood—AFP/Getty Images

4. 10-course dinner at Tetsuya’s

Retire to the State Suite at QT Sydney before dinner at Tetsuya’s—a 10-course experience that will show you the best in Japanese-French fusion cooking—followed by some top-shelf whiskey at Baxter Inn.

Baxter InnCourtesy of Baxter Inn

Visit fortune.com/blackbook for more travel guides and insider tips.

A version of this article appears in the May 1, 2016 issue of Fortune with the headline “The $10,000 Day.”

About the Author
By Adam Erace
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Current refi mortgage rates report for June 18, 2026
Personal FinanceReal Estate
Current refi mortgage rates report for June 18, 2026
By Glen Luke FlanaganJune 18, 2026
2 hours ago
Current ARM mortgage rates report for June 18, 2026
Personal FinanceReal Estate
Current ARM mortgage rates report for June 18, 2026
By Glen Luke FlanaganJune 18, 2026
2 hours ago
Mortgage rates today, June 18, 2026
Personal Financemortgages
Mortgage rates today, June 18, 2026
By Glen Luke FlanaganJune 18, 2026
2 hours ago
The U.S. Polo Assn. CEO
SuccessThe Promotion Playbook
Meet the CEO of US Polo Assn: He grew up in one of America’s poorest regions and now hosts Prince William and runs a $2.7 billion brand
By Orianna Rosa RoyleJune 18, 2026
2 hours ago
Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring a recent role: ‘Nobody on that list gets that job’
SuccessThe Interview Playbook
Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring a recent role: ‘Nobody on that list gets that job’
By Orianna Rosa RoyleJune 18, 2026
2 hours ago
Rbotic arm is gripping a CPU inside of a circuit board factory.
InnovationEurope's Most Innovative Companies
Inside Europe’s most innovative companies
By Sam BirchallJune 18, 2026
5 hours ago

Most Popular

Current price of oil as of June 17, 2026
Personal Finance
Current price of oil as of June 17, 2026
By Joseph HostetlerJune 17, 2026
20 hours ago
'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream
Success
'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream
By Nick LichtenbergJune 16, 2026
2 days ago
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
Big Tech
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
By Tristan BoveJune 15, 2026
3 days ago
Exclusive: Universal beat Disney as Hollywood's maker of the most expensive movie of all time 
Arts & Entertainment
Exclusive: Universal beat Disney as Hollywood's maker of the most expensive movie of all time 
By Christian SyltJune 17, 2026
22 hours ago
The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families
Economy
The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families
By Jacqueline MunisJune 17, 2026
13 hours ago
Current price of silver as of Wednesday, June 17, 2026
Personal Finance
Current price of silver as of Wednesday, June 17, 2026
By Joseph HostetlerJune 17, 2026
20 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.