PHOTO: Knight Frank Prime Global Cities Index, 1Q 2018. Source: Knight Frank. Source: Supplied

DEMAND for prestige property from cashed-up downsizers has propelled Brisbane into a global list of top-performing cities for the first time.

The Queensland capital appears for the first time in the seven -year history of the Knight Frank Prime Global Cities Index, which measures the top 5 per cent of any given city’s housing market by value.

Top end residential properties in Brisbane gained 3.6 per cent in the March quarter from a year earlier to place the city in 19th position.

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