Coming Up Mon 9:00 PM  AEST
Coming Up Live in 
Live
Punjabi radio
SBS PUNJABI

Sydney is the world's strongest prime property market

Source: Mudassir Ali/Pexels

The demand for mansions in Sydney is keeping the city in place as the strongest prime property market globally this year. Research from estate agent, Knight Frank, suggests Sydney City will continue to see the world's strongest price gains for luxury homes in the next year.

Predictions from Knight Frank show the Sydney property market will share the top spot with London in 2022. Both locations are forecast to have prices rise seven per cent year-on-year based on worldwide research released this week.

D'Leanne Lewis is a real estate agent and says the Greater Sydney lockdown hasn't stopped the intense interest in homes located in the city's ritzy suburbs.

"We had a property in Double Bay that we sold ten months ago and we just resold it now for nearly a 1.8 million dollar profit."

Chinese buyers are currently absent because of international border closures. 

Kahlia Cordony is a property stylist who is still busy with high-end clients preparing homes for sale. She says property styling can showcase how a space can function and attract cashed up buyers.

"The aesthetics obviously play a part in that and in ensuring that it sort of stands out in the market place to those buyers, to those purchasers, and obviously for our vendors to ensure that they are standing out in front of the rest of the people that they are in competition with.  The likes of our vendors are people who are locals at the moment, people who probably have spent the past year figuring out they need a little more space or a little less space and making that move."

Click on the player at the top of the page to listen to the news bulletin in Punjabi.

People in Australia must stay at least 1.5 meters away from others. Check your state’s restrictions on gathering limits.

If you are experiencing cold or flu symptoms, stay home and arrange a test by calling your doctor or contact the Coronavirus Health Information Hotline on 1800 020 080. News and information is available in 63 languages at sbs.com.au/coronavirus

Listen to SBS Punjabi Monday to Friday at 9 pm. Follow us on Facebook and Twitter.   

Coming up next

# TITLE RELEASED TIME MORE
Sydney is the world's strongest prime property market 27/07/2021 04:16 ...
SBS Punjabi Australia News: Friday 17 September 2021 17/09/2021 11:06 ...
Runcorn violence: Men face court over alleged involvement in street brawl in Brisbane 17/09/2021 09:52 ...
SBS Punjabi Australia News: Thursday 16 September 2021 16/09/2021 08:00 ...
Punjabi singer-turned-actor Jassie Gill recreates iconic romantic track ‘Leke Pehla Pehla Pyaar’ 16/09/2021 04:58 ...
Faith leaders concerned vaccine passports could be used to keep worshippers away 16/09/2021 11:15 ...
SBS Punjabi Australia News: Wednesday 15 September 2021 15/09/2021 10:22 ...
'Can't wait for this to end': Parents and children open up about struggles of homeschooling amid COVID lockdown 15/09/2021 07:23 ...
‘Shocked and scared’: Brisbane Sikh temple condemns violent brawl that left eight men injured 15/09/2021 15:00 ...
Australian permanent residency aspirants share hits and misses with English language tests 15/09/2021 09:16 ...
View More