Champagne corks still popping at top end of property market
Over the past 12 months, the median price of the top one per cent of properties sold has increased by 10 per cent, easily outperforming the rest of the market.
Luxury property sales have shot up since 2019. (Image source: Shutterstock.com)
Depending on which coast of Australia you were on during the 2020-22 pandemic property boom, luxury house prices heralded prosperity like the pop of a very expensive bottle of champagne.
West or east of the country, luxury housing has paid very palatable dividends and, perhaps unexpectedly, taken luxury apartments to the next level.
In Sydney the world’s, most expensive streets boast median house prices like the $20.7 million Kambala Road, Bell…
