Stuart Edwards

It turns out the skyrocketing demand and price for oil is creating many millionaires from Russia, who in turn our buying an unprecedented amount of expensive houses and real estate in Australia, along Brisbane's famous Gold Coast. From the BBC, "Flush with wealth from oil and mining, Russian entrepreneurs are snapping up multi-million dollar waterfront mansions and luxury penthouses in Surfers Paradise and surrounding districts." To read the entire article, click here.

05/21/08 by visitEarth
Tags: Russia, Russians, Australia, Brisbane, Gold Coast, investment, real estate, luxury