Buyers paying massive premiums for waterfront properties
Waterfront homes cost more than double their inland counterparts in Sydney, while in Melbourne homes on the water attract a price premium of almost 40 per cent, new research shows.
Buyers looking to snap up a home on Australia’s coastline are paying some of the highest waterfront premiums in the world, the latest Knight Frank International Waterfront Index shows.
Sydney topped the index, with waterfront homes in the harbour city attracting an average premium of 121 per cent, compared to an equivalent home set away from the water.
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