Tale of two cities for luxury home prices

Original article by Elizabeth Redman
The Australian – Page: 2 : 9-Nov-17

Sydney is ranked eighth on the quarterly Knight Frank Prime Global Cities Index, down from sixth position in the June quarter. The top end of Sydney’s residential property market recorded growth of 11 per cent in the year to September, compared with 11.5 per cent growth in the year to June. Melbourne has risen from 10th to ninth, with prestige residential properties rising by 10.4 per cent, up from 9.1 per cent annual growth in the June quarter. Guangzhou and Shanghai have recorded the largest growth in prime residential property values.


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