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What NAB’s former chief economist learnt when he sold the family home

Sarah Petty

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

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    Original URL: https://www.afr.com/property/residential/what-nab-s-former-chief-economist-learnt-when-he-sold-the-family-home-20250606-p5m5hv