Australia’s most expensive suburbs, and luxury property’s 2024 prospects
Sydney is home to 11 of the 12 most expensive suburbs in Australia, while the prime property markets of the NSW capital, Perth and Gold Coast are achieving world-class capital growth.
Sydney, Perth and Gold Coast are home to Australia's fastest growing luxury property markets. (Image source: Shutterstock.com)
Among cities ranked as the world’s best for annual prime property price growth, three in the top 12 are Australian.
Sydney comes out highest among the Australian cities, ranked eighth, with Perth (11th) and Brisbane (12th) also delivering world-class capital growth performance.
Knight Frank’s Prime Global Cities Index Q3 2023 tracked the movement of 46 luxury residential markets worldwide and found that in Sydney’s top end market prices grew 4.…
