_The Gold Coast crowned as Australia's top ranking city for prime residential price growth
The Prime Global Cities Index is a valuation-based index tracking the movement of prime residential prices across 45 cities worldwide using data from our global research network. The index tracks nominal prices in local currency.
May 15, 2022
Prime price growth slowed for the first time since the start of the pandemic, although on average prime cities continue to register 9% annual growth, according to the Prime Global Cities Index Q1 2022.
Dubai, Miami and Toronto had the fastest growing prices in the 12 months to Q1 2022. In Australia, Gold Coast was the best performing at 19.3%, followed by Sydney at 16% and Brisbane at 11.3%.
It is evident the pandemic-induced boom is winding down with inflationary pressures fuelling higher cost of living and rising mortgage rates are starting to weigh on buyer sentiment around the world.
Read the report.