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Key Contacts
  • Michelle Ciesielski

    Partner Residential Research
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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 Prime Global Forecast 2020 explores the prime residential markets and outlines the key trends that look set to shape future performance. Key findings include:
  • Paris leads our prime residential forecast for 2020 with price growth of 7%; economic stability, low interest rates, constrained prime supply and strong tenant, as well as second home demand, will underpin price growth. Home to Europe’s largest infrastructure initiative, the Grand Paris Project, as well as the 2024 Summer Olympics, both events will provide further stimulus.
  • In second place, sit Berlin and Miami, we expect both markets to see prime price growth of 5% in 2020 but for different reasons. Sound fundamentals – strong demand (domestic and international) and significant regeneration – will keep Berlin high in the rankings despite the proposed rent cap. In Miami, we expect the city to benefit from the continued momentum from the State and Land Tax (SALT) tax deduction.
  • At 4%, Geneva and Sydney are both seeing prime price growth recover having dipped in recent years. Confidence in both residential markets has returned due to lower interest rates and a limited supply pipeline. Both cities are also the recipients of significant transport investment; the Leman Express (CEVA) in Geneva and in Sydney, the CBD & South East Light Rail.
  • The next grouping can be defined as steady yet sustainable. Although at different stages of their market cycles we expect Madrid, Singapore and Melbourne, to register price growth of 3% in 2020 with international enquiries (Madrid), redirected capital outflows (Singapore) and a lower interest rate environment (Melbourne) shoring up demand.

Read our Prime Global Forecast 2020 to find out more. 

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

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