26 Mar 2021
The Wealth Report 2020: Insight 5 of 6
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
The PIRI 100 (Prime International Residential Index) is used in The Wealth Report to track movements in luxury property prices across the World’s top residential markets.
It includes residential property in major financial centers, gateway cities, second home hotspots (both coastal and rural) and leading luxury ski resorts.
So which City topped the PIRI 100 with the biggest annual increase in 2020?
Auckland New Zealand beat all with a 17.5% increase while Sydney Australia was well down the PIRI 100 in 56th place at only 1.1% and was beaten by Perth, Gold Coast and Brisbane.
This is a surprise given the booming auction prices being reported for Sydney residential property.
Click for chart.
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