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Key Contacts
  • Michelle Ciesielski

    Partner Residential Research
    View profile

Residential Research

Discover Knight Frank's Residential Research

Michelle Ciesielski is a Director within the Research and Consulting team at Knight Frank Australia. Based in Sydney she produces all the residential research across Australia and contributes to global reports.

She delivers commentary on established and emerging markets encouraging intelligent investment decisions from early planning in developments, through to balanced insights for property investors. She is a thought leader and is often interviewed for TV and radio, as well as presents and takes part in panel discussions for the likes of the Property Council of Australia, Urban Development Institute of Australia, the Australian Property Institute, ANZ and DesignBuild.

Michelle has over 20 years’ experience in the property industry spanning research, consulting, spatial mapping, location planning, development and valuation. She holds a Bachelor of Commerce in Property Economics, Master in Property Development whilst being a Certified Practising Valuer and an Associate of the Australian Property Institute. She also guest lectures at the University of Technology Sydney and is a member of various committees including the National Property Conference, Kiparra Day and was on the PCA Residential Committee from 2017-18. In short, Michelle is the voice of residential research in Australia.

Our latest review, Prime Residential Review 2019, explores the wealth trends and prime property outlook for Australia. Key findings include:

  • Australian millionaires (with net assets of US$1m+) grew by 3% to 329,600 in 2018. The ultra-wealthy population (with net assets of US$30m+) increased by 4% in 2018 to 3,062 individuals, while there were 43 billionaires living in Australia (net assets of US$1b+), up 30% in 2018.
  • Prime residential prices over the year ending June 2019, rose by 2.5% in Sydney, followed by Brisbane (2.2%), Melbourne (2.1%), Gold Coast (1.1%) and Perth (0.6%).
  • Across Australia in Q2 2019, US$1 million could buy 51 sqm of prime (luxury) residential internal floor area in Sydney. In other cities; Melbourne (97 sqm), Perth (118 sqm), Brisbane (125 sqm) and Gold Coast (137 sqm).
  • Sydney had the strongest prime property performance amongst the top 8 global cities ranked on The Knight Frank City Wealth Index 2019.
  • New prime luxury apartments were sold off-the-plan in Sydney for an indicative $45,000/sqm in Q2 2019, followed by Melbourne and Gold Coast at $16,000/sqm with Brisbane and Perth at $14,000/sqm.

 

Residential Market Overview

Hear from our Head of Residential Research, Michelle Ciesielski, as she provides an update on the Australian residential market

Watch now

Residential Market Overview

Hear from our Head of Residential Research, Michelle Ciesielski, as she provides an update on the Australian residential market

Watch now

Latest Residential Research