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

Trendingnow

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Current price of oil as of July 1, 2026

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Current price of oil as of July 1, 2026
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

A bag of money.
Personal Financechecking accounts
Best checking account bonuses for July 2026: Bonuses between $250 and $5,000
By Joseph HostetlerJuly 2, 2026
1 hour ago
New bonus alert: HSBC Premier checking offering up to $5,000 bonus (for a limited time)
Bankingchecking accounts
New bonus alert: HSBC Premier checking offering up to $5,000 bonus (for a limited time)
By Joseph HostetlerJuly 2, 2026
2 hours ago
Michael Shaulov, chief executive officer and co-founder of Fireblocks Inc.
CryptoCFO Daily
Why CFOs should pay attention to Open USD—the new stablecoin backed by more than 140 companies
By Sheryl EstradaJuly 2, 2026
2 hours ago
Scott Bessent, US treasury secretary, during an Economic Club of New York (ECNY) event in New York, US, on Tuesday, June 23, 2026.
Economynational debt
Elon Musk says AI is the only way to fix the $40 trillion U.S. debt crisis—but a new study says even the most optimistic scenario won’t fill the hole
By Eleanor PringleJuly 2, 2026
3 hours ago
A test of Anduril's Altius drone.
NewslettersTerm Sheet
Defense tech could be entering its awkward teenage years. Is the boom a bubble?
By Allie GarfinkleJuly 2, 2026
4 hours ago
em
Commentary250 Years of Innovation
America’s 250th birthday has Elon Musk and a record IPO. Its 15th had Alexander Hamilton — and a stock market bubble
By Owen LamontJuly 2, 2026
4 hours ago

Most Popular

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
Big Tech
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
By Marco Quiroz-GutierrezJuly 1, 2026
1 day ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
7 days ago
Current price of oil as of July 1, 2026
Personal Finance
Current price of oil as of July 1, 2026
By Joseph HostetlerJuly 1, 2026
1 day ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
5 days ago
The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
Newsletters
The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
By Diane BradyJuly 1, 2026
1 day ago
Trump got a $78K pension from the Screen Actors Guild in 2025 because he appeared in Home Alone 2 in 1992
Politics
Trump got a $78K pension from the Screen Actors Guild in 2025 because he appeared in Home Alone 2 in 1992
By Sasha RogelbergJuly 1, 2026
22 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.