Luxury property growth lags even though billionaire boom gathers pace
The housing affordability crisis impacting many Australians struggling to get a foothold on the property ladder is not an issue for the country's growing number of billionaires, with luxury property price growth at the top end remaining modest.
Australian cities still remain significantly more affordable than other cities around the world for luxury residential real estate. (Image source: foamfoto/Shutterstock.com)
Billionaires with an eye on their next mansion or penthouse need not worry about tightening their sizeable belt.
According to the latest data, global luxury residential prices rose by an average of 3.2 per cent in 2025.
For the Australian billionaire cohort whose wealth is expanding at pace, and whose ranks are swelling rapidly, the pace of luxury property price growth won’t serve as a deterrent to those buying homes ranked in the top 5 per cen…
