Price premium grows for waterfront homes
The price gap between prime waterfront properties and inland prestige homes is growing, with Australia’s major cities all recording an uptick in their waterfront premium in 2020.
Trophy homes in locations such as Sydney's Point Piper have helped push up the Harbour City's waterfront premium. Photo: Shutterstock (Image source: Shutterstock.com)
The price gap between prime waterfront properties and inland prestige homes is growing, with Australia’s major cities all recording an uptick in their waterfront premium in 2020.
Knight Frank’s Australian Prime Waterfront Index showed luxury property with a waterfront location was worth 69 per cent more than inland counterparts across Australia, with Sydney laying claim to the biggest premium, of 104.7 per cent.
Gold Coast had the next biggest …
