Sydney has become one of the world’s leading destinations for luxury property purchases, outperforming London and drawing close to New York, according to a Knight Frank report.
The city recorded 52 transactions valued at over $10 million in the final quarter of 2025, a 58% increase compared with the previous quarter. Total spending reached $1.3 billion during the quarter, bringing the annual total to $3.3 billion.
Among the standout transactions were an $82.5 million home in Rose Bay and an $80 million apartment in Barangaroo. The most sought-after areas were the eastern suburbs and the Mosman district.
This performance reflects the resilience of Sydney’s luxury market amid global economic disruptions, driven by rising demand and limited supply. Meanwhile, traditional destinations such as London have seen declines due to tax-related issues. However, the broader market continues to face challenges from higher interest rates and affordability pressures.
