Larry Saha Room, HA2175, Level 2, Haydon-Allen Building, The Australian National University

Professor Chris Paris, AcSS, Research Fellow in the Centre for Housing, Urban and Regional Studies (CHURP), University of Adelaide (chris.paris@adelaide.edu.au )

This presentation develops my previous work on the many homes of the super-rich and the impacts of their residential investment decisions on prime real estate in cities and regions across the globe (Paris, 2011, 2013a, 2013b). It uses diverse sources to show how hyper-mobile super-rich individuals and families purchase and use numerous homes in many locations across the globe with complex spatial inter-relations between countries of residence and property ownership. Real estate industry and government sources show super-rich households owning homes in many global cities, especially London, where overseas buyers of luxury homes in prime locations have de-coupled parts of the city’s housing market from the wider UK housing system. The presentation develops this analysis through preliminary investigation of the impacts of foreign investment into residential real estate in Australia.

References
Paris, C (2011) Affluence, Mobility and Second Home Ownership, London: Routledge.
Paris, C (2013a) The homes of the super-rich: multiple residences, hyper-mobility and decoupling of prime residential housing in global cities, in Hay, I Ed, Geographies of the super-rich, Cheltenham: Edward Elgar.
Paris, C (2013b) The super-rich and the globalisation of prime housing markets, Housing Finance International, Summer 2013 pp 18-27.