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Australian waterfront properties sell at a huge premium, with five cities making it into the top ten of the International Waterfront Index.
The index which measures the potential value uplift for prime homes on the water compared with similar homes not on the water, ranked Sydney number one.
The Gold Coast ranked third, followed by Perth in fourth place, Brisbane sixth and Melbourne tenth.
The index found a Sydney waterfront property with views of the Harbour attracts an average premium of 121% on an equivalent home away from the water.
Across the ditch, Auckland in New Zealand is second on the international list with a premium of 76% while the Gold Coast has a premium of 71% and Perth 69%.
The report says the average international premium for a waterfront property compared with a non-waterfront home was 40% in the second quarter of 2022.
Michelle Ciesielski of Knight Frank Australia says beachfront property is the most sought-after location.
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