The allure of waterfront properties continues to captivate buyers, with Melbourne experiencing a significant increase in premium pricing.
Property InsightsThe Rising Demand for Waterfront Living
Next ArticleThe Rising Demand for Waterfront Living
Melbourne Matches Global Waterfront Trends
31 October 2024
In 2019, Melbourne’s waterfront homes commanded a 27% premium over inland properties; however, this figure has soared to 41% in 2024. This sharp growth places Melbourne on par with iconic locations like Paris, where homes along the Seine fetch a 40% premium. The rise reflects a broader global pattern where the desire for waterfront living has strengthened, partly due to changing lifestyle priorities post-pandemic.
Waterfront properties command up to 40% higher prices globally due to their unique lifestyle benefits—stunning views, water access, and tranquillity. In Melbourne, waterfront living offers a combination of natural beauty and city accessibility, appealing to both local and international buyers. With limited availability, these properties not only retain their value but often appreciate faster, making them attractive long-term investments.
Two prime examples of waterfront luxury are currently listed with Marshall White
194A & B Esplanade, Brighton
Offered for the first time as one, these meticulously designed residences spread over three levels, including rooftop, offer a unique chance to experience the pinnacle of coastal living,
1 / 21 Birdwood Avenue, Brighton
Epitomising Golden Mile living, this three-bedroom luxury apartment by architect Edgard Pirotta features bespoke refinements and indulgent touches with sunset bay views and direct access to the sand.
As interest in premium real estate remains high, Melbourne's waterfront continues to offer one of the city's most coveted locations, reflecting a global preference for the allure of life by the water.
Considering buying, selling, or simply exploring your options? Marshall White is here to help you experience the best of luxury living. Contact us today to discuss your prestige property aspirations.
*Sources include Knight Frank's research reports, Mansion Global, and other real estate insights.
