Sydney is Australasia’s leading luxury property market and sales of $1 million-plus homes rose by an impressive 15% in 2015.
The city continues to attract a high percentage of international buyers, with interest being fuelled by a drop in the value of the Australian dollar and proximity to Asian markets. Auckland, meanwhile, has seen an incredible 63% growth in million dollar-plus sales in the past year, making it the world’s strongest-performing city for luxury real estate.
The average starting price for a luxury home in Sydney, Australia’s largest city by population.
The price achieved for a mansion in the suburb of Vaucluse, which was Sydney’s top sale in 2015.