Why Couture Clients Keep Buying Six-Figure Gowns
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    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,692,763 (+1.39%)       Melbourne $1,026,321 (+0.58%)       Brisbane $1,075,782 (+0.61%)       Adelaide $975,673 (+1.16%)       Perth $939,830 (-0.46%)       Hobart $767,281 (+0.12%)       Darwin $772,894 (+3.13%)       Canberra $995,835 (+2.65%)       National $1,102,190 (+1.16%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $769,314 (-0.77%)       Melbourne $497,623 (-0.57%)       Brisbane $664,130 (-0.83%)       Adelaide $500,856 (-1.62%)       Perth $532,200 (-2.10%)       Hobart $533,165 (-0.86%)       Darwin $386,839 (+0.04%)       Canberra $488,214 (-1.44%)       National $568,780 (-1.03%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 12,369 (-353)       Melbourne 14,131 (-529)       Brisbane 8,333 (-99)       Adelaide 2,953 (-60)       Perth 8,005 (-15)       Hobart 1,269 (-21)       Darwin 162 (-13)       Canberra 1,171 (-24)       National 48,393 (-1,114)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 9,463 (-139)       Melbourne 7,921 (-85)       Brisbane 1,694 (-13)       Adelaide 447 (+1)       Perth 1,655 (-24)       Hobart 243 (+3)       Darwin 300 (+3)       Canberra 1,185 (+2)       National 22,908 (-252)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $800 ($0)       Melbourne $590 ($0)       Brisbane $650 ($0)       Adelaide $640 ($0)       Perth $700 ($0)       Hobart $580 (-$5)       Darwin $730 (-$5)       Canberra $700 ($0)       National $681 (-$1)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $750 ($0)       Melbourne $595 (-$5)       Brisbane $650 (+$10)       Adelaide $520 (-$10)       Perth $650 ($0)       Hobart $500 (+$20)       Darwin $615 (+$10)       Canberra $580 (+$10)       National $617 (+$4)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 5,703 (-93)       Melbourne 7,643 (+47)       Brisbane 3,854 (-40)       Adelaide 1,395 (-7)       Perth 2,236 (+59)       Hobart 208 (-7)       Darwin 77 (-11)       Canberra 502 (-8)       National 21,618 (-60)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 7,805 (-17)       Melbourne 5,420 (+97)       Brisbane 1,844 (-67)       Adelaide 377 (-3)       Perth 743 (+21)       Hobart 88 (+9)       Darwin 110 (+11)       Canberra 562 (+24)       National 16,949 (+75)                HOUSE ANNUAL GROSS YIELDS AND TREND         Sydney 2.46% (↓)       Melbourne 2.99% (↓)       Brisbane 3.14% (↓)       Adelaide 3.41% (↓)     Perth 3.87% (↑)        Hobart 3.93% (↓)       Darwin 4.91% (↓)       Canberra 3.66% (↓)       National 3.21% (↓)            UNIT ANNUAL GROSS YIELDS AND TREND       Sydney 5.07% (↑)        Melbourne 6.22% (↓)     Brisbane 5.09% (↑)        Adelaide 5.40% (↓)     Perth 6.35% (↑)      Hobart 4.88% (↑)      Darwin 8.27% (↑)      Canberra 6.18% (↑)      National 5.64% (↑)             HOUSE RENTAL VACANCY RATES AND TREND       Sydney 2.0% (↑)      Melbourne 1.9% (↑)      Brisbane 1.4% (↑)      Adelaide 1.3% (↑)      Perth 1.2% (↑)      Hobart 1.0% (↑)      Darwin 1.6% (↑)      Canberra 2.7% (↑)      National 1.7% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 2.4% (↑)      Melbourne 3.8% (↑)      Brisbane 2.0% (↑)      Adelaide 1.1% (↑)      Perth 0.9% (↑)      Hobart 1.4% (↑)      Darwin 2.8% (↑)      Canberra 2.9% (↑)      National 2.2% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND       Sydney 29.4 (↑)      Melbourne 29.0 (↑)      Brisbane 34.0 (↑)      Adelaide 27.7 (↑)      Perth 38.4 (↑)        Hobart 29.4 (↓)       Darwin 25.7 (↓)     Canberra 31.4 (↑)      National 30.6 (↑)             AVERAGE DAYS TO SELL UNITS AND TREND       Sydney 27.6 (↑)      Melbourne 29.4 (↑)      Brisbane 32.7 (↑)      Adelaide 26.2 (↑)      Perth 39.4 (↑)        Hobart 32.2 (↓)       Darwin 36.1 (↓)     Canberra 38.5 (↑)      National 32.8 (↑)            
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Why Couture Clients Keep Buying Six-Figure Gowns

How designers brought the antiquated craft of haute couture into the future at the shows in Paris

By RORY SATRAN
Mon, Jul 1, 2024 9:14amGrey Clock 3 min

“Nobody really needs couture, to be honest,” said Demna after his Balenciaga haute couture show this week in Paris. No, most people do not need a bespoke gown that costs six figures and takes highly trained petites mains thousands of hours to make by hand. And yet.

Partaking in the official haute couture fashion week in Paris—which is rife with arcane rules about how the clothes are made—can pay off handsomely for the few designers left in the club. For the 15 or so brands that invest in the game, including Dior and Chanel, couture can multiply press and red-carpet opportunities, and have a trickle-down effect on sales of ready-to-wear and beauty and fragrance.

Then there are the orders, which can total in the millions for a single client. Wealthy couture diehards fly in for the shows and then quickly convene in cosseted showrooms to make their selections while munching macarons. Competition can be fierce, especially when a stylist nabs a gown early on for, say, Cardi B. When you’re paying this much to look unique, no one wants a duplicate.

Couture is famously over-the-top, and this season was no exception, with rampant feathered capes, obscuring hoods and trailing trains. But philanthropist, creative director and avid couture client Fredrik Robertsson told me he found the looks very wearable this season: “less PR showstoppers and more things people actually want.” He pointed to the calmer suits and cocktail dresses at Schiaparelli, which has in the past paraded out looks such as one bearing a faux lion’s head .

Couture can sag somewhat under the weight of its history. Craftsmanship, fashion’s favourite buzzword, can be a burden too, with designers feeling the need to embellish every gown with hand-embroidered butterflies and panoplies of pearls. But the following five looks show how a range of designers are making couture relevant today.

Balenciaga’s Sculptural Chaos

Demna, who goes by a mononym, is perhaps the contemporary designer most intent on bringing couture into the future. While he’s never far from Cristóbal Balenciaga’s archive—with its dramatic shapes and volumes—he’s also a student of streetwear. So the subcultures he reveres, from goth to skate kids, were present in his deceptively casual designs. Would the founder of the house turn in his grave at metal-band T-shirts masquerading as couture? Maybe not once he realised they were in fact hand-painted over a period of several days.

This top and skirt ensemble is made from unstitched cotton-jersey elements, which are then assembled and sewn together, and knotted on the model. It is a wearable sculpture, with the casual look of a pile of T-shirts.

Chanel’s Sublime Sweatsuit

Chanel, which is between creative directors after the departure of Virginie Viard, showed its haute couture collection at the Opéra Garnier. While many of the looks echoed the vibe of the classic theatre—including a sumptuous pink silk opera coat—some of the most successful moments were surprisingly dressed down. Robertsson, the Swedish couture client, exclaimed, “Chanel even had sweatpants!”

Shown on model-du-jour Amelia Gray Hamlin, the black Chanel sweatsuit was not technically a sweatsuit. It was a wool crepe jersey set trimmed in duchesse satin ruffles and organza. It was also shown in cream, and it will sell.

Dior’s Deceptively Simple Column

Maria Grazia Chiuri, one of the only female designers making couture, showed an elegantly restrained collection in a room filled with shimmering artwork by Faith Ringgold, who died earlier this year. Nodding to an Olympic year without being too heavy-handed, Chiuri presented Grecian-inspired draped dresses, flat lace-up sandals, and sporty tanks and bodysuits.

This long asymmetrical dress in cream-coloured silk jersey over a tank top is almost sporty, and a refreshing break from some of the more hobbling ensembles on display this past week. But that’s no ordinary tank top: It’s embroidered with silver-colored micro-tube beads that have hematite-clawed jewels on them.

Schiaparelli’s Faux Feathers

Daniel Roseberry, the charming Texan who’s revamped a dusty Parisian couture house, is a true believer in the art of couture. But he’s also savvy about its press potential, so this season, the show didn’t start until paparazzi magnets Kylie Jenner and Doja Cat had arrived.

The house’s founder, Elsa Schiaparelli, was a surrealist innovator who collaborated with her friend Salvador Dalí on one of the first trompe l’oeil garments . Roseberry continues his predecessor’s taste for trickery in his work. This jacket is embroidered all over with what appear to be small white feathers, but are in fact 10,500 silk-organza snippets. Because each “feather” is handmade, the jacket takes over 7,000 hours of work to create. Worn over a pair of smart black cropped pants, it’s almost work appropriate.

Jean Paul Gaultier’s Undressed Dress

Jean Paul Gaultier, which maintains a healthy and bustling couture business, has adopted the clever strategy of inviting buzzy non-couture designers to collaborate on its collections. Simone Rocha, Glenn Martens, Olivier Rousteing and Chitose Abe of Sacai have all worked it out on the remix with Gaultier. Nicolas Di Felice, the artistic director behind Courrèges’s Pinault-backed renaissance, was up this season.

Di Felice, whose friends span Paris’s creative industries, brought his cool-kid approach to Gaultier. Many pieces featured couture details like rows of hook-and-eye closures, and partially hidden tulle corsets. But there were Di Felice signatures, too: koala-pouch front pockets, narrow trousers, tiny party dresses. This cheeky gown is carefully constructed to look like the top slip is falling away to reveal a bustier.



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For self-employed Australians, navigating the mortgage market can be complex—especially when income documentation doesn’t fit the standard mould. In this guide, Stephen Andrianakos, Director of Red Door Financial Group, outlines eight flexible loan structures designed to support business owners, freelancers, and entrepreneurs.

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A full-doc loan is the most straightforward and competitive option for self-employed borrowers with up-to-date tax returns and financials. Lenders assess two years of tax returns, assessment notices, and business financials. This type of loan offers high borrowing capacity, access to features like offset accounts and redraw facilities, and fixed and variable rate choices.

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Low-doc loans are designed for borrowers who can’t provide the usual financial documentation, such as those in start-up mode or recently expanded businesses. Instead of full tax returns, lenders accept alternatives like profit and loss statements or accountant’s declarations. While rates may be slightly higher, these loans make finance accessible where banks might otherwise decline.

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A fixed-rate loan offers repayment certainty over a set term—typically one to five years. It’s popular with borrowers seeking predictability, especially in volatile rate environments. While fixed loans offer fewer flexible features, their stability can be valuable for budgeting and cash flow planning.

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Interest-only loans allow borrowers to pay just the interest portion of the loan for a set period, preserving cash flow. This structure is often used during growth phases in business or for investment purposes. After the interest-only period, the loan typically converts to principal-and-interest repayments.

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An offset home loan links your savings account to your mortgage, reducing the interest charged on the loan. For self-employed borrowers with fluctuating income, it’s a valuable tool for managing cash flow while still reducing interest and accelerating loan repayment. The funds remain accessible, offering both flexibility and efficiency.

Red Door Financial Group is a Melbourne-based brokerage firm that offers personalised financial solutions for residential, commercial, and business lending.

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