Brisbane luxury properties have flown to the top of the nation’s property charts following an exceptional quarter which has seen the sunny city outperform Melbourne and Sydney’s high-end markets.

Knight Frank’s Prime Residential Review report for the third quarter reveals that Brisbane’s low number of COVID cases and well-priced luxury homes have driven the market surge, which rose by 0.3% in the last three months.

The report showcases that the nation’s luxury market has, for the most part, weathered the COVID recession well. A major factor behind this is well-off buyers looking for pandemic buys. But upsizers have also played a part, as they turn their gaze northward seeking better prices and liveability.

Brisbane opened up from restrictions ahead of the other capital cities and has become an attractive option. People will look for more lifestyle options over the next year and Brisbane ticks many of those boxes and will continue to profile itself more and more as THE number 3 capital.