Unpacking the “murky” data behind the luxury spending boom

Is the luxury sector immune to the cost-of-living crunch? Recent research from global real estate company Colliers seems to suggest that it is.  Colliers is expecting luxury retail spending in Australia to grow by 5.42 per cent annually through 2027, primarily driven by millennials, with spending on fine dining experiences poised to grow even faster.  Thirteen new high-end restaurants have opened in Sydney and nine new high-end restaurants have opened in Melbourne so far this year, the

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