Sydney Waterfront commands the highest premium in the world, according to a 2019 Global Waterfront Report by Knight Frank.
The Report measured the premium a waterfront property generates in key cities around the world.
According to the Report:
“Waterfront properties are also amongst the most liquid. Even in a depressed market, due to their position and scarcity, a front-line waterfront property will face strong demand with prospective buyers aware that their future exit strategy is also secure.”
The Report went onto highlight the reasons that a waterfront property will attract a premium including:
“The lifestyle and additional amenities that a waterfront home offers is a key motivation for many buyers. From private moorings to jetties and quays, waterfront properties offer easy access to numerous water sports along with an ever-changing panorama”
Sydney Waterfront properties commanded an 89% premium, the highest premium in the world. The 2019 Report went onto say – “At 89%, Sydney sits in first place generating the highest premium for waterfront properties. Here, homeowners vie for the best views of the Harbour Bridge or Opera House”
If you are looking to buy Sydney Waterfront property, why not engage one of the best Waterfront Buyers Agents in Sydney – contact Dean Carver on 02 8916 6104 to discuss your requirements. Our team of lawyers and Buyers Agents will be able to find a waterfront property that fits your criteria or demands. You can also contact our office here – Contact Us
For a copy of the 2019 Knight Frank Report referred to above – click here