From Perth to Sydney, luxury property market thriving
Interest rate rises are dampening the property market among the masses but for the elite, prices are being pushed ever higher for luxurious prime and super prime homes.
Luxury property markets, such as this apartment in South Perth, are experiencing significant price growth in a supply-limited market. (Image source: Shutterstock.com)
Australia’s 34,000-kilometre coastline is host to some of the world’s most prestigious waterfront properties and, unaffected by trifling matters such interest rates, real estate prices are booming.
With the nation’s wealthy segment of the population predicted to increase and cashed-up foreign investors returning, low supply is buoying prices and pointing to smooth sailing ahead for the ultra-luxury property market.
In Sydney’s case, it has just…
