Prestige Residential Valuer Insights Q1 2025

Prestige residential demand expected to increase again over the year ahead

CBRE’s second release of the Prestige Residential Valuations Property Market survey received ~50 responses from our dedicated team of highly experienced Valuers who specialise in the valuations of high-end residential properties across Australia. With informative insights on local prestige market trends, we gain a deeper comprehension of Australia’s luxury residential real estate market, as detailed in the following findings:

Demand has moderated since the Q3 2024 survey with 53% of Valuers now reporting ‘moderate’ demand in their local prestige markets, while 14% were reporting ‘strong’ to ‘very strong’ demand.

Local purchasers/upgraders once again are the most active buyer types, although overseas and interstate purchasers are still active.

Demand is strongest for houses valued up to $10 million and apartments valued up to $10 million. Four times as many Valuers expect demand to increase in the next 12 months rather than decrease.

House value growth over the next 12-months is expected by 43% of valuers, down slightly from 54% in Q3 2024. 20% anticipate price growth of 5% or more.

Apartment value expectations are similar to the previous survey. 43% of Prestige Valuers predict an increase in apartment values in the next 12 months.