“The prestige market hasn’t been impacted by wage pressures and tightened lending from the financial institutions as have the other markets,” says Knight Frank’s head of residential research Australia Michelle Ciesielski on releasing the company’s Global Prime Forecast 2019 report.

“The local economies are reasonably strong and we’re seeing a lot of expats returning to buy with foreign currency, which are both having a favourable effect on the prestige markets.

Domain data scientist Dr Nicola Powell says some sought-after prestige areas of Sydney, particularly along the waterfront, always show strong demand with limited supply, and they will fare better than properties at lower price points.

If you an own a prestige property, 2019 might be a good year to sell after all. Call the team at djw property on 9544 9688 for an honest market appraisal.