In an age where Sydney’s average house price is $1.3 million, the notion that a mere $2.5 million in assets is enough to deem one a “sophisticated investor” would be laughable were it not so damaging.
Campbell Newman (pictured with wife Lisa) is the managing director of Arcana Capital. Mat Dennien
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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
