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Principal Owner at MoneyQuest Rose Bay

High-End Real Estate Growth - Expected to Continue Australia’s prestige market is poised for more growth, according to CBRE’s Prestige Residential Valuer Insights for the September 2024 quarter. The report, which surveyed CBRE’s valuers, showed that 54% of respondents expect luxury house values to increase in the next year, with 17% of them predicting over 5% growth. The highest expectations for a boost in the prestige house market are in Western Australia where around 50% of respondents predict between 5-10% growth. In South Australia, fewer respondents predicted growth (30%), but those that did foresee larger increases of more than 10%. Respondents then ranked New South Wales third, Victoria fourth and Queensland likely to see the least amount of growth, each with between 5-10% predicted. One valuer said, “Prestige properties are taking longer to sell, however are still achieving and surpassing expectations in regard to price.” #prestigeproperty #propertymarket #propertyinvesting If you’re looking to invest in property in Australia, MoneyQuest Rose Bay can help you secure finance. Get in touch by emailing rose.bay@moneyquest.com.au or calling 0457 575 423.

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