Sydney luxury home prices set to eclipse the world | msccummins
Sydney has been ranked as the world’s leading city in luxury homes in the Knight Frank 2021 prime forecast report, with prices expected to rise 10 per cent over the coming year.
shows that globally, luxury residential prices are forecast to rise faster than envisaged. It showed that in the first quarter of calendar 2021, 1429 prime sales were recorded in Sydney – the highest quarterly figure on record for the city. The news will augur well for the luxury developments being undertaken by Lendlease at its One Sydney Harbour apartments at Barangaroo and the Cbus Property’s 111 Castlereagh above the former David Jones menswear store in Market Street in the CBD.
“Many of our ultra-wealthy clients are now embracing the low interest rate environment to expand their property portfolios further, as they redirect funds into their business interests, the stock market and other investments,” Ms Ciesielski said.
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