Sydney Luxury Home Market Set to Lead the World in Growth, Topping Miami and LA

Sydney Luxury Home Market Set to Lead the World in Growth, Topping Miami and LA
Sydney Harbour Bridge as seen in Sydney, Australia, on May 14, 2019. AAP Image/Dean Lewins
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Sydney’s luxury home market is expected to lead the world in growth, with London-based global real estate consultant group Knight Frank predicting a 10 percent price jump in 2021.

In its latest research, Sydney is also forecasted to top Miami (6 percent) and Los Angeles (5 percent) in prime residential property price growth this year.