2024-11-12-莱坊-Australian_Waterfront_Premium_2022_4页_2mb

Australian Waterfront Premium Summary (2022)

Core Content

The document provides an overview of the Australian waterfront residential market, focusing on the premium associated with waterfront properties and the impact of the pandemic on buyer preferences.

Key Market Insights

• Waterfront Premium: In Q3 2021, prime waterfront properties across Australia achieved an average price premium of 79% over their inland equivalents, up from 69% in Q3 2020.

• City-Specific Trends:

  • Melbourne saw the strongest growth in waterfront premium, increasing from 30% in Q3 2020 to 37% in Q3 2021.
  • Sydney maintained the highest average waterfront premium at 119%, up from 105% a year earlier.
  • Brisbane had an average waterfront premium of 54%, up 14% from the previous year.
  • Gold Coast recorded a 71% premium in Q3 2021.
  • Perth had an average uplift of 67%.

• Volume of Sales:

  • In the year to Q3 2021, 32.9% of super-prime residential sales in Australia were waterfront properties.
  • This was slightly below the 10-year average of 34%, but similar to the previous year.

• Frontage Distribution:

  • Harbour frontage accounted for 64% of all waterfront super-prime sales in Q3 2021, up from 48% the previous year.
  • Coastal frontage made up 16%, canal frontage 13%, and river frontage 7%.

• Exclusive Maritime Facilities:

  • One in three waterfront super-prime sales included an exclusive maritime facility.
  • Jetty (32%), mooring (27%), pontoon (17%), and slipway (4%) were the most common facilities.

• Buyer Preferences:

  • The pandemic has heightened the appeal of waterfront living due to its association with health, wellbeing, and privacy.
  • 51% of Australians surveyed in 2021 said they were more likely to choose a waterfront residence due to the pandemic.
  • 42% of global respondents in the Knight Frank Global Buyer Survey were more likely to move to a waterfront home post-pandemic.

Outlook

• Continued Demand: Established waterfront properties are tightly held, indicating sustained demand in the coming years.
• Investment Value: Prime waterfront properties are seen as solid investments due to their high transferability and value retention.
• Market Expansion: The market for prime waterfront properties is expanding, with increased interest from both local and interstate buyers.

Definitions and Thresholds

• Super-Prime Sales: Defined as sales in Sydney and Melbourne exceeding A$10 million, and in other cities exceeding A$7 million.
• Prime Residential Property: The top 5% of properties by value in each market.
• Waterfront Premium Index: Measures the value uplift of prime waterfront homes compared to inland properties.

Data Sources

• All data is sourced from Knight Frank Research.
• The Australian Prime Waterfront Index is used to quantify the premium value of waterfront properties.

Contact Information

• Research: Michelle Ciesielski
  Email: michelle.ciesielski@au.knightfrank.com
  Phone: +61 2 9036 6659

• Residential: Shayne Harris
  Email: shayne.harris@au.knightfrank.com
  Phone: +61 2 9036 6713

• Media Enquiries: Caroline Stanley
  Email: cstanley@gracosway.com.au
  Phone: +61 4 0217 0901

• Reports: Knight Frank Research Reports are available at knightfrank.com/research

Disclaimer

• This report is for general information only and should not be relied upon for decision-making.
• Knight Frank Australia Pty Ltd disclaims all responsibility for any loss or damage resulting from the use of this information.
• Reproduction of the report is not permitted without prior written approval.