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first_imgThis luxurious home at 36 Dickson Tce in Brisbane just sold for over $10m.“Demand for truly exceptional properties in sought-after positions have outweighed the supply coming to the Brisbane market, including new builds,” she said.“Retirees continue to downsize and look for properties that offer high security while they travel abroad and low maintenance living with an array of amenities, including technology.“The prestige market is well-placed in Brisbane not only from an ageing population looking for higher amenity, but families and couples looking for prestige living well-priced when compared to other East Coast cities.” HOUSE THAT SKASE BUILT GOES FOR A SONG It comes as it was revealed the lavish Brisbane mansion built by disgraced businessman Christopher Skase has been sold for $10.138 million and Australia’s richest woman Gina Rinehart is now the owner of an $18.5 million property on the Brisbane River. GINA RINEHART SECURES $18.5M DIGS This historic Hamilton Hill home in Brisbane recently sold for just under $6m. Photo: Lyndon Mechielsen.Perth also made the list for the first time, while Sydney and Melbourne stayed in the top 10 — even though the rate of gain at the top end of the two markets slowed.Seoul topped the list, due to a near-25 per cent gain in premium property over the year to March.The overall index gained 4.8 per cent in the year to March, down slightly from December’s 4.9 per cent gain but stronger than the 4.3 per cent gain of a year earlier. Knight Frank Prime Global Cities Index, 1Q 2018. Source: Knight Frank.That rate of gain was below the 4.2 per cent recorded a year earlier, but it was enough to put the city on the international list due to changing circumstances, such as higher borrowing costs, in many global markets. Knight Frank’s Australia head of residential research Michelle Ciesielski said that while Brisbane still faced the challenge of new stock and a hangover from the end of the resources boom, the premium market was benefiting from the growing demand of downsizers looking for well-located and easy-to-maintain homes. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE More from newsParks and wildlife the new lust-haves post coronavirus19 hours agoNoosa’s best beachfront penthouse is about to hit the market19 hours agocenter_img Demand for prestige property in Brisbane is growing, according to Knight Frank.DEMAND for prestige property from cashed-up downsizers has propelled Brisbane into a global list of top-performing cities for the first time.The Queensland capital appears for the first time in the seven -year history of the Knight Frank Prime Global Cities Index, which measures the top 5 per cent of any given city’s housing market by value.Top end residential properties in Brisbane gained 3.6 per cent in the March quarter from a year earlier to place the city in 19th position.last_img read more