Sydney is the world's strongest prime property market

In Sydney, about 54,000 apartments built between 2018 and 2019 are about to flood the market

Sydney property market Source: Pixabay

The high cost of Sydney homes isn't a new finance issue but there is now evidence that the pandemic isn't preventing the wealthiest Australians from pushing prices up even more.


Research from estate agent, Knight Frank, suggests the city will continue to see the world's strongest price gains for luxury homes in the next year.

The demand for mansions in Sydney is keeping the city in place as the strongest prime property market globally this year.

And 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.

The research also shows after London and Sydney, Hong Kong and Miami are also expected to do well next year.



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