Alan Oster’s 33-year run as chief economist at NAB ended in March. Three months later he sold the family home in the bayside Melbourne suburb of Brighton.
It was a rapid gear-change from three decades crunching macroeconomic data at a Big Four bank to a close-up experience of microeconomics. The five-bedroom home sold for about $5.5 million, roughly double its purchase price in 2012.
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Sarah Petty covers commercial and residential property markets for The Australian Financial Review, based in the Melbourne newsroom. Email Sarah at sarah.petty@afr.com