Thinking of buying a high-end property or just curious about how the luxury market is doing? Here’s some good news—Australia’s luxury property market is booming again.
According to the 2025 Prestige Property Report by Westpac, the value of top-tier homes reached a new high in March this year. This comes after a small dip at the end of 2024, showing that the market has bounced back stronger than ever.
Prices Are Climbing Again
Luxury homes, those typically priced at $5 million or more, are on the rise. After a short slowdown late last year, prices picked up and hit a new record in March 2025. This tells us that demand for premium property remains strong, even during uncertain times.
It’s Not Just About Sydney and Melbourne
In the past, most prestige homes were found in Sydney and Melbourne. But that’s changing. Wealthy buyers are now looking beyond the usual hotspots and turning to Brisbane, Perth, and Adelaide. These cities are seeing more interest, and more high-end homes hitting the market.
Big-Spending Buyers Still Active
Properties in the $5M to $20M+ range are still getting a lot of attention. High-net-worth individuals, both local and overseas, are snapping up these homes. Many are looking for not just a place to live, but a smart long-term investment.
Experts Say the Market Looks Strong
The report includes insights from CoreLogic and Westpac’s economic team. They point out that solid demand, steady interest rates, and rising interest in lifestyle-focused homes are helping to drive this growth. All signs suggest the market for prestige properties is likely to stay strong.
What This Means for You
Whether you’re a buyer, investor, or just keeping an eye on the market, this report shows that Australia’s luxury property scene is evolving. It’s growing beyond the usual cities, with more opportunities popping up across the country.
We’re Here to Help
If you’re planning to invest in property, it’s not just about buying the right home—it’s about having the right structure, tax strategy, and long-term plan. At Chan & Naylor, we specialise in helping property investors make smart, tax-effective decisions.
About Chan & Naylor
Established in 1990, Chan & Naylor has been a trusted partner for thousands of property investors across Australia. Based in Sydney, we provide expert accounting services tailored to your needs. Choosing Chan & Naylor means you’re not just selecting a service provider; you’re gaining a partner aligned with your business goals. You’ll have access to a dedicated client manager supported by a team of accountants that specialises in business tax and investments. Contact us today so we can discuss how we can help you.
Disclaimer
This article serves as general information only and may not account for the unique circumstances of individual readers. For personalised and strategic solutions tailored to your specific situation, we invite you to seek professional advice from Chan & Naylor. Our highly experienced team is dedicated to helping you navigate the complexities of Australian taxation, ensuring that your financial strategies align with the latest regulations. Contact us today to embark on a path of informed and customised tax planning for your property investments.
* Based on the Westpac Prestige Property Report 2025
