Coronavirus

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

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The absence of foreign homebuyers, including those from mainland China, in Australia’s property market has not prevented Sydney from copping the crown of being the world’s top prime property market, with prices rising 10 per cent as of June this year, according to property consultancy Knight Frank.Prime properties are those that are in the top 5 per cent of each market by value and deemed to be the “most desirable and expensive in a given location”, according to Knight Frank. The Australian…

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