Sydney Among Most Expensive Luxury Property Markets

Knight Frank’s Wealth Report 2025 found that the amount of prime real estate US$1 million can buy in Sydney has shrunk by a third over the past decade, highlighting the city’s growing unaffordability in the luxury sector.

Despite this reduction in affordability, Sydney continues to attract international buyers due to strong demand, limited available stock, and a resilient economy.

For luxury property buyers seeking more value for their investment dollar, the Gold Coast offers Australia’s most affordable luxury property market, with US$1 million securing 119 square metres of prestige real estate.

Brisbane and Perth follow closely behind, providing better value compared to Sydney and Melbourne.