Down By The Harbour ? Australian Property Market
Dive into the Sydney property market where two projects are deemed good investment considerations if you're looking to park your money there.
The post Down By The Harbour – Australian Property Market appeared first on LUXUO.
Two destinations flaunting harbourside living, nature-based activities and modern conveniences, make for a choice overseas property investment.
The Skyhomes at One Sydney Harbour. Image: LendLease Australia
Has the pandemic forced investors to rethink their investment strategies in the Australian residential property market" With many buyers’ minds preoccupied with wellness, privacy and health in this global health turmoil, the desire for prestigious waterfront homes may gain ground.
In 2021, the Crown Residences’ completion of its One Barangaroo project added a significant number of new super-prime apartments fronting Sydney Harbour. Yes, it witnessed the highest number of annual super-prime sales on record.
Just in Q3 2021, 32.9 per cent of the 374 super-prime residential sales were situated in waterfront projects in Australia. Properties in rivers, canals, coastal spots, and harbour by volume of super-prime residential sales were 7, 13, 16 and 64 per cent, respectively. While the statistics were similar to the year before, only slightly below the 34 per cent 10-year average, the notable strength of the expanding super-prime market was duly observed by experts.
READ MORE: Reaching For New Highs ? Thailand Property...
The post Down By The Harbour – Australian Property Market appeared first on LUXUO.
Two destinations flaunting harbourside living, nature-based activities and modern conveniences, make for a choice overseas property investment.
The Skyhomes at One Sydney Harbour. Image: LendLease Australia
Has the pandemic forced investors to rethink their investment strategies in the Australian residential property market" With many buyers’ minds preoccupied with wellness, privacy and health in this global health turmoil, the desire for prestigious waterfront homes may gain ground.
In 2021, the Crown Residences’ completion of its One Barangaroo project added a significant number of new super-prime apartments fronting Sydney Harbour. Yes, it witnessed the highest number of annual super-prime sales on record.
Just in Q3 2021, 32.9 per cent of the 374 super-prime residential sales were situated in waterfront projects in Australia. Properties in rivers, canals, coastal spots, and harbour by volume of super-prime residential sales were 7, 13, 16 and 64 per cent, respectively. While the statistics were similar to the year before, only slightly below the 34 per cent 10-year average, the notable strength of the expanding super-prime market was duly observed by experts.
READ MORE: Reaching For New Highs ? Thailand Property...
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