Sydney has long been a popular investment destination for high-net-worth individuals and ultra-high-net-worth individuals in the luxury housing market. Despite a decline in transaction volume in the Sydney high-end residential market, property values have not been significantly affected. This once again highlights Sydney's position as a stable and attractive investment destination.

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Compared to other global cities, Sydney's luxury housing market remains competitive in terms of value for money. According to the report, approximately 43 square meters of prime property can be purchased for every $1 million, compared to only 34 square meters in New York, 33 square meters in London, and 22 square meters in Hong Kong. This demonstrates Sydney's advantageous position in the global luxury housing market, attracting attention from domestic and international investors alike.

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With the continuous rise in construction costs, developers are turning their focus to the luxury apartment market to meet the demand for convenient lifestyles from homebuyers. Developers are launching projects with hotel-style concierge services, such as dry cleaning and dog walking, as well as amenities including home theaters, wine cellars, and restaurants, to enhance the living experience for affluent residents.

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In particular, the Aura luxury apartment project developed by Aqualand in northern Sydney exemplifies this trend. Designed by the renowned architecture firm Woods Bagot, the project is expected to be completed in mid-2024, offering 371 high-end apartments and a range of premium facilities, just 3 kilometers from Sydney CBD.

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Over the past year, sales activities for luxury apartments have shown an upward trend, indicating sustained interest in high-end residences. According to PropTrack data, clicks for new luxury apartments valued at $4 million or above nationwide increased by 6.7% compared to the same period last year, with significant growth in inquiries for large-scale luxury apartments.