Helicopter rides and a wealthy contact list: inside Australia’s luxury real estate market of $60m-plus homes

While big sales might be concentrated in Sydney and Melbourne, each state has its own ‘millionaire rows’. Photograph: Image Factory

Gowan Stubbings can still remember the rush of his first sale 20 years ago. It was a one-bedroom apartment in the Melbourne suburb of St Kilda that went for $110,000.

“Things have changed,” he laughs. “It’s a pretty dynamic industry.”