The Gold Coast and Perth recorded much growth in the luxury residential property market compared to other locations tracked (worldwide average). They were ranked high compared to other locations in Australia.
According to the Knight Frank’s Wealth Report 2024, Perth is in 28th with (5.2 per cent) and Gold Coast is in 38th place with (4.1 per cent) growth.
100 locations were tracked according to the report.
Despite the impact of higher interest rates on certain property markets, luxury residential real estate in Australia, particularly in Perth and on the Gold Coast, continues to display strength and resilience.
Other top Australian locations are:
Sydney – 49th spot with a growth rate of 2.7%
Brisbane – 58th place with a 2.3% growth
Melbourne – 63rd position, registering a growth of 1.4%
News source: Knight Frank
