RESIDENTIAL PROPERTY
PERTH’S heated residential market recorded the highest price growth in the Australia’s luxury sphere in the year to the end of June, outpacing the global average as affordability limits were...
The Index, which tracks the movement of prime residential prices across 44 cities worldwide, found annual price growth slowed from the 4.1% seen in the March quarter to...
Adam Ross, associate director at McGrath, Knight Frank’s partner in Australia, said Sydney’s prime market was performing well, particularly the super-prime market, of...
There were more than 310 transactions recorded in excess of $10 million during calendar 2023. To date in 2024, there has been just over 150 transactions...
Historically, there has always been a surge in sales as the year closes out but at this rate it’s unlikely we will come close to last year’s volume due to the lack of supply...
Among the latest deals are the sale of a four-bedroom, five-bathroom penthouse at the top of the Greenland Centre at 115 Bathurst Street in the CBD – the tallest residential building in...
In the inner western suburb of Strathfield, downsizing owners have just bagged $12.25 million – a suburb record – from their sale of a three-storey, six-bedroom home, which features...
A property at 18/2-10 Le Vesinet Drive, Hunters Hill in Sydney, with harbour views, sold for $9.55 million at auction in June, via Matthew Ward of McGrath...
Manila on top
Of the 44 ranked cities around the globe, Manila recorded the highest annual growth for luxury residential property prices at 26%, followed by India pair Mumbai (13%) and...
Los Angeles (8.9%) and Miami (7.1%) were next, followed by Nairobi, Madrid, Lisbon and Seoul, with San Francisco and Dublin tied for 10th spot...
The most improved market in the June quarter was Stockholm, with its negative growth easing from 6.1% to 2.6%. Lison improved from 1.8% to 4.7% growth, while San Francisco...
Rising interest rates in late 2022 and early 2023 pushed up mortgage rates and prompted a sharp decline in global housing markets. From mid-2023, earnings growth outperformed...
The slowing in price growth this quarter across global prime markets reflects the fact that, without further stimulus from rate cuts, the bounce in market pricing we have seen...
The biggest influence on future price growth lies in the hands of central banks and their confidence to cut rates further over the next 12 months...