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Smaller cities lead luxury price growth

Price growth for luxury properties in Perth, Gold Coast and Brisbane outpaced the bigger cities in 2020, with demand for prestige homes continuing to be boosted by the return of expats.

Broadbeach, Gold Coast
Premium properties on the Gold Coast rose strongly in value in 2020. Photo: Shutterstock

Price growth for luxury properties in Perth, Gold Coast and Brisbane outpaced the bigger cities in 2020, with demand for prestige homes continuing to be boosted by the return of expats.

Knight Frank’s latest look at luxury residential prices across the world’s top 100 residential markets showed five Australian cities were ranked in the top 65 for price growth globally.

Perth was Australia’s top ranked location, coming in at 34 with 3.6 per cent…