{"id":20563,"date":"2019-08-14T09:12:59","date_gmt":"2019-08-13T21:12:59","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=20563"},"modified":"2019-08-14T09:12:59","modified_gmt":"2019-08-13T21:12:59","slug":"high-end-property-prices-are-booming-in-these-five-aussie-cities","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/high-end-property-prices-are-booming-in-these-five-aussie-cities\/","title":{"rendered":"High-end property prices are booming in these five Aussie cities"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0Can you tell which five Australian cities made the cut for the list of the world&#8217;s fastest luxury property price growth? (Source: Getty)<\/strong><\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"31\">The Australian economy is recovering from a property downturn, but the growth in national house prices is still faster than many cities across the world.<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"32\">And it\u2019s expensive property that\u2019s in highest demand.<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"33\">In fact, a handful of Australian cities rank among other leading global cities for having some of the fastest luxury property price growth in the world.<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"38\">Sydney, Brisbane, Melbourne, Gold Coast, and Perth all feature on Knight Frank\u2019s Prime Global Cities Index of Q2 2019, which tracks the movement in luxury residential prices across 46 global cities.<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" style=\"margin: 0px 0px 1em; color: #26282a; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 15px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;\" data-reactid=\"39\"><strong>Sydney<\/strong>\u00a0ranks in at 18th place, with 2.5 per cent rise in luxury property prices in the 12 months to June 2019.<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" style=\"margin: 0px 0px 1em; color: #26282a; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 15px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;\" data-reactid=\"40\"><strong>Brisbane<\/strong>\u00a0came 20th place, recording 2.2 per cent price growth, followed closely by\u00a0<strong>Melbourne<\/strong>\u00a0at 2.1 per cent.<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" style=\"margin: 0px 0px 1em; color: #26282a; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 15px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;\" data-reactid=\"41\"><strong>Gold Coast<\/strong>\u00a0is a new name on the list, with the newcomer ranking 27th and recording 1.1 per cent growth in luxury property prices, while\u00a0<strong>Perth<\/strong>\u00a0\u2013 at 32nd place \u2013 saw 0.6 per cent growth.<\/p>\n<p data-reactid=\"41\">READ MORE VIA <a href=\"https:\/\/au.finance.yahoo.com\/news\/luxury-house-price-growth-5-cities-knight-frank-020526153.html\">YAHOO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0Can you tell which five Australian cities made the<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/high-end-property-prices-are-booming-in-these-five-aussie-cities\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":20564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098730,478098512,478100510,478098521,478098538,478098562,478098516,478106642,478098519,478098535,478106641,478098537,478098556,478098539,478098513,478101743,478101994,478098873,478098579,478098510,478098514,478098511,478098705,478098509,478098536,478098618,478098677,478098724],"class_list":["entry","author-data123nz","post-20563","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-auctions","tag-australia","tag-australian-cities","tag-australians","tag-brisbane","tag-foreign-buyers","tag-gold-coast","tag-high-end-property","tag-home-ownership","tag-house-prices","tag-knight-franks-prime-global-cities-index","tag-melbourne","tag-nsw","tag-perth","tag-property","tag-property-correction","tag-property-downturn","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-news","tag-sydney","tag-sydney-property","tag-victoria","tag-wa"],"yoast_head":"<!-- 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