Houses by the waterfront in Sydney. In 2019 and last year, the city was ranked 4th and 3rd, respectively, globally in terms of luxury property price increases. Photo: Bloomberg
Houses by the waterfront in Sydney. In 2019 and last year, the city was ranked 4th and 3rd, respectively, globally in terms of luxury property price increases. Photo: Bloomberg

Sydney shrugs off Covid-19, cooling measures and tensions with China to emerge as hottest luxury homes market globally

  • Super-wealthy locals, or those whose net worth exceeds US$30 million excluding their primary residence, have propped up Sydney’s property market
  • We have noticed the absence of Chinese buyers, but the market has not been affected by this, agent says

Topic |   International Property
Houses by the waterfront in Sydney. In 2019 and last year, the city was ranked 4th and 3rd, respectively, globally in terms of luxury property price increases. Photo: Bloomberg
Houses by the waterfront in Sydney. In 2019 and last year, the city was ranked 4th and 3rd, respectively, globally in terms of luxury property price increases. Photo: Bloomberg
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