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7NEWS
13-06-2025
- Business
- 7NEWS
Why wellness features pay off in luxury homes, and by exactly how much
From infra-red saunas and cold plunge pools to biophilic architecture and sustainable design, high-end buyers now expect homes that support not just their lifestyle, but long-term wellbeing. Ray White's Luxury Report 2025 reveals that homes with dedicated wellness features are commanding significant premiums - 10 to 25 per cent more than comparable properties without them. This trend marks a shift in how luxury is being defined and valued. "Nearly one third of Australia's wellness market expansion since 2019 has been driven by wellness real estate, reflecting a fundamental shift in how homebuyers view their living spaces and establishing Australia as the world's fourth-largest wellness real estate market as of 2023," said Ray White Head of Research, Vanessa Rader. And this isn't just a passing trend. It's part of a broader global shift. The Global Wellness Institute estimates the wellness real estate market was worth US$398 billion in 2022 and is expected to more than double to US$887.5 billion by 2027. That explosive growth reflects changing expectations among affluent buyers who are increasingly seeking homes that are restorative, sustainable, and personal sanctuaries. The shift also extends to the buyers - retirees or traditional high-net-worth individuals aren't the only ones fuelling the market. The report's analysis of this year's top 20 luxury sales reveals a buyer pool that's younger, more entrepreneurial, and increasingly self-made. Today's prestige buyers are often in their late 40s or early 50s, but a growing cohort of millennial entrepreneurs is entering the market. "Today's ultra-luxury property buyers are primarily self-made business owners, especially those who built digital and tech companies, rather than corporate executives who once dominated this market," said Ray White Senior Data Analyst Atom Go Tian. "The wealth behind these purchases now comes from a much wider range of industries, with online businesses and technology ventures leading the way." An analysis of this year's top 20 sales reveals today's luxury purchasers are predominantly self-made entrepreneurs from diverse sectors including e-commerce, property development, financial services, fashion, and technology. In blue-chip suburbs like Sydney's Bellevue Hill or Perth's Nedlands-Dalkeith-Crawley, homes boasting wellness infrastructure - think yoga studios, infrared saunas, organic gardens and smart air-filtration systems - are transacting faster and at higher prices than their more traditional peers. Wellness is now an essential element in Australia's high-end property market. But what exactly does that mean? What wellness looks like in high-end homes Dedicated health spaces Prestige homes are increasingly being designed with in-home wellness zones. Think infrared saunas; steam rooms; cold plunge; Pilates, yoga and meditation studios with sound insulation; massage and treatment rooms; and state-of-the-art gyms. These aren't tucked away in the garage, they're integrated into the architectural flow of the home, with aesthetics to match. Health-enhancing tech Luxury now means everything is optimised for peak health, from the air you breathe and water you drink, to how much radiation you're exposed to. Advanced air purification systems filter allergens, pollutants and pathogens, ditto water filtration systems. Circadian lighting systems help regulate the body's natural sleep cycles, and EMF-reducing technology lowers radiation, especially in rest spaces. The report notes that some luxury homes even have specialised equipment fitted, like hyperbaric oxygen chambers. Sustainable and biophilic design Sustainability features like solar arrays, rainwater harvesting, cross-ventilation, and non-toxic materials are environmentally sound and commercially savvy, as buyers are willing to pay a premium for homes with these features. Natural materials, abundant light, indoor greenery and seamless indoor-outdoor transitions are expected. Features like living walls and indoor gardens purify air and reduce stress, and water features create calming soundscapes and improve humidity levels. Of course, views also help with establishing a sense of serenity. It all points to the same conclusion: in today's prestige market, wellness doesn't just feel good - it's an essential that delivers a return. Properties for sale with wellness features and design principles This terrace in Sydney's Paddington incorporates a 10-metre internal green wall and internal pond, plus a six-person Sunlighten infrared sauna on the subterranean level. There are high-end natural materials, indoor-outdoor flow and much more. This luxe new Gold Coast build has a wellness-centric design, with a complete home water filtration system; low-tox natural materials like marble, limestone and New Zealand wool carpet; low VOC paint on all interior walls; and a low electromagnetic radiation (EMR) design in the bedrooms for restorative sleep. This luxury Cottesloe luxury property boasts 40 solar panels and double glazing, along with the likes of a salon-grade spa room comprising a massage area, bathroom, sauna and jacuzzi jet showers. In addition to lush natural materials, there's a solar-heated mineral pool and ocean views. This Northern Beaches property in Sydney is like living in your own resort, complete with natural materials, indoor-outdoor living, plus a medical-grade sauna, spa and gym. It's bathed in natural light and enjoys manicured gardens and a mineral pool.
Courier-Mail
10-06-2025
- Business
- Courier-Mail
Australia's next million dollar suburbs revealed
Once the hallmark of Australia's most prestige suburbs, the $1 million home is now a nationwide reality, and for many, a bare minimum. Latest Ray White market data shows Australia now has 923 suburbs with median house prices of at least $1 million, with a further 78 expected to join this exclusive club within the next 12 months. It means there could be over 1000 suburbs with $1m medians by mid 2026, according to senior data analyst Atom Go Tian. 'Melbourne currently holds second place with the most million-dollar suburbs after Sydney, but this could change,' he said. 'Brisbane is surging fast with 17 new suburbs expected to cross the threshold – a surge that could see it tie with Melbourne for second place by next year. 'Regional Queensland is the most popular regional area, buoyed by the presence of the Gold Coast and Sunshine Coast.' MORE NEWS Insane amount celebs spend on Aussie homes Shock salary you now need to buy a home Why luxury home dream could be out of reach for millions Perth: The new million dollar hotspot? Mr Go Tian said Perth had emerged as the star of Australia's housing boom, contributing an outsized 22 of the 78 new million-dollar suburbs. He said the remarkable showing reflected the city's position as having the strongest house price growth over the past three years, with suburbs showing annual growth rates between 11 to 14 per cent. 'The Perth story is one of outward expansion. All of the city's inner suburbs now sit above $1 million, pushing growth into previously more affordable areas,' Mr Go Tian said. 'Roleystone is the most likely candidate to cross the threshold, with current prices at $992,000 and 13 per cent annual growth pointing towards $1.12 million within 12 months. 'Other Perth suburbs are tracking towards even higher levels: Bayswater-Embleton-Bedford ($967,000), Padbury ($969,000), Serpentine-Jarrahdale ($972,000), and Tuart Hill-Joondanna ($958,000) are all positioned to exceed $1.08 million, which is notably higher than comparable suburbs in other capitals.' MORE NEWS: Great Aussie dream crushed by cost surge A new number two! Brisbane's growth is the antithesis to Melbourne's stagnation, Mr Go Tian said. The Queensland capital has experienced sustained 8 to 9 per cent annual growth, with 17 new suburbs expected to cross the million-dollar threshold, a surge that will likely see Brisbane tie with Melbourne for second place by next year. 'Just like with Perth, Brisbane's growth is spreading to the outskirts of the city: Eagle Farm-Pinkenba leads at $978,000 with 9.9 per cent growth, while the expansion spans from Algester in the south ($991,000) to Karana Downs in Ipswich ($983,000), Mango Hill in Moreton Bay South ($978,000), and Riverhills in the west ($976,000),' Mr Go Tian said. 'Melbourne, despite currently holding second place, has seen muted growth over the past three years, meaning no new suburbs will join the exclusive ranks.' MORE NEWS: First-home frenzy: Young Aussies locked out What about Adelaide, Sydney, and Canberra? Sydney's 14 new suburbs tell the story of Australia's most expensive housing market running out of affordable options. With the city's geometric mean house price already at $1.6 million, the new million-dollar suburbs represent the final pockets of relative affordability—mostly clustered in outer growth areas like Currans Hill in Camden ($995,000) and Hassall Grove-Plumpton in Blacktown ($989,000), alongside several Campbelltown suburbs. 'Even these 'affordable' areas are tracking towards $1.02-1.04 million,' Mr Go Tian said. Adelaide's 11 new additions show a similar pattern of expansion from the already-expensive Central and Hills region. Bellevue Heights ($997,000), Willunga ($998,000), and Coromandel Valley ($981,000) in Adelaide South are joined by Plympton ($995,000) and Flinders Park ($991,000) in Adelaide West, all showing steady 7 to 8 per cent growth rates. Behind Sydney, Canberra has Australia's second-highest concentration of million-dollar suburbs. However, the territory's muted growth over recent years means only three suburbs will join the club: Gungahlin ($998,000), Palmerston ($984,000), and Holder ($990,000) are edging across the threshold with minimal annual growth rates of just 1 to 2 per cent. MORE NEWS: Unexpected leader in home price boom Regional winners Mr Go Tian said regional areas weer also making a strong showing across the country. 'Queensland's growth corridors lead the charge – Meridan Plains on the Sunshine Coast ($994,000), Middle Ridge in Toowoomba ($977,000), and Coomera on the Gold Coast ($959,000) – alongside Western Australia's premium coastal areas like Margaret River ($951,000),' he said. 'Gelorup-Stratham in Bunbury stands out with current prices at $953,000 and 12 per cent growth, demonstrating that Perth's housing boom extends well beyond the metropolitan area.'
Daily Telegraph
10-06-2025
- Business
- Daily Telegraph
Australia's next million dollar suburbs revealed
Once the hallmark of Australia's most prestige suburbs, the $1 million home is now a nationwide reality, and for many, a bare minimum. Latest Ray White market data shows Australia now has 923 suburbs with median house prices of at least $1 million, with a further 78 expected to join this exclusive club within the next 12 months. It means there could be over 1000 suburbs with $1m medians by mid 2026, according to senior data analyst Atom Go Tian. 'Melbourne currently holds second place with the most million-dollar suburbs after Sydney, but this could change,' he said. 'Brisbane is surging fast with 17 new suburbs expected to cross the threshold – a surge that could see it tie with Melbourne for second place by next year. 'Regional Queensland is the most popular regional area, buoyed by the presence of the Gold Coast and Sunshine Coast.' MORE NEWS Insane amount celebs spend on Aussie homes Shock salary you now need to buy a home Why luxury home dream could be out of reach for millions Perth: The new million dollar hotspot? Mr Go Tian said Perth had emerged as the star of Australia's housing boom, contributing an outsized 22 of the 78 new million-dollar suburbs. He said the remarkable showing reflected the city's position as having the strongest house price growth over the past three years, with suburbs showing annual growth rates between 11 to 14 per cent. 'The Perth story is one of outward expansion. All of the city's inner suburbs now sit above $1 million, pushing growth into previously more affordable areas,' Mr Go Tian said. 'Roleystone is the most likely candidate to cross the threshold, with current prices at $992,000 and 13 per cent annual growth pointing towards $1.12 million within 12 months. 'Other Perth suburbs are tracking towards even higher levels: Bayswater-Embleton-Bedford ($967,000), Padbury ($969,000), Serpentine-Jarrahdale ($972,000), and Tuart Hill-Joondanna ($958,000) are all positioned to exceed $1.08 million, which is notably higher than comparable suburbs in other capitals.' MORE NEWS: Great Aussie dream crushed by cost surge A new number two! Brisbane's growth is the antithesis to Melbourne's stagnation, Mr Go Tian said. The Queensland capital has experienced sustained 8 to 9 per cent annual growth, with 17 new suburbs expected to cross the million-dollar threshold, a surge that will likely see Brisbane tie with Melbourne for second place by next year. 'Just like with Perth, Brisbane's growth is spreading to the outskirts of the city: Eagle Farm-Pinkenba leads at $978,000 with 9.9 per cent growth, while the expansion spans from Algester in the south ($991,000) to Karana Downs in Ipswich ($983,000), Mango Hill in Moreton Bay South ($978,000), and Riverhills in the west ($976,000),' Mr Go Tian said. 'Melbourne, despite currently holding second place, has seen muted growth over the past three years, meaning no new suburbs will join the exclusive ranks.' MORE NEWS: First-home frenzy: Young Aussies locked out What about Adelaide, Sydney, and Canberra? Sydney's 14 new suburbs tell the story of Australia's most expensive housing market running out of affordable options. With the city's geometric mean house price already at $1.6 million, the new million-dollar suburbs represent the final pockets of relative affordability—mostly clustered in outer growth areas like Currans Hill in Camden ($995,000) and Hassall Grove-Plumpton in Blacktown ($989,000), alongside several Campbelltown suburbs. 'Even these 'affordable' areas are tracking towards $1.02-1.04 million,' Mr Go Tian said. Adelaide's 11 new additions show a similar pattern of expansion from the already-expensive Central and Hills region. Bellevue Heights ($997,000), Willunga ($998,000), and Coromandel Valley ($981,000) in Adelaide South are joined by Plympton ($995,000) and Flinders Park ($991,000) in Adelaide West, all showing steady 7 to 8 per cent growth rates. Behind Sydney, Canberra has Australia's second-highest concentration of million-dollar suburbs. However, the territory's muted growth over recent years means only three suburbs will join the club: Gungahlin ($998,000), Palmerston ($984,000), and Holder ($990,000) are edging across the threshold with minimal annual growth rates of just 1 to 2 per cent. MORE NEWS: Unexpected leader in home price boom Regional winners Mr Go Tian said regional areas weer also making a strong showing across the country. 'Queensland's growth corridors lead the charge – Meridan Plains on the Sunshine Coast ($994,000), Middle Ridge in Toowoomba ($977,000), and Coomera on the Gold Coast ($959,000) – alongside Western Australia's premium coastal areas like Margaret River ($951,000),' he said. 'Gelorup-Stratham in Bunbury stands out with current prices at $953,000 and 12 per cent growth, demonstrating that Perth's housing boom extends well beyond the metropolitan area.'
News.com.au
08-06-2025
- Business
- News.com.au
Death of old money: Young richlisters drive luxury surge
Self-made entrepreneurs are reshaping the prestige property market, with the Gold Coast emerging as the nation's second most expensive city to own a luxury home. Australia's Luxury Report 2025 by Ray White reveals luxury property sales are booming across Australia, pushing the price tag for a high-end home up 72 per cent from 10 years ago to a minimum of $2.52m. And while Sydney remains the top market – with an eye-watering luxe buy-in of $4m – the Gold Coast has claimed the next spot at $2.6m, eclipsing Melbourne's $2.49m entry point. The Sunshine Coast also ranked in the top five at $2.4m, followed by Brisbane and Perth, where the average luxury home now costs $2.1m. Ray White Group managing director Dan White said south east Queensland had become 'the clear success story in Australia's high-end property market', with Gold Coast luxury home prices more than doubling from $1.14m in 2015. Gold Coast blue-chip markets of Mermaid Beach to Broadbeach and Surfers Paradise featured among the report's top 10 luxury suburbs by price growth since 2015, recording jumps of 4.73 and 4.64 per cent respectively. The city's top local sale of 2025 to date was $22m for a Main River estate at 7-9 McMillan Ct, Southport, followed by a Surfers Paradise mansion at 8 Southern Cross Dr sold for $18.5m. In third place was Bartinon, an opulent riverfront home at 26 Marseille Ct, Bundall snapped up for $18m this week after two years on the market. Ray White Senior Data Analyst Atom Go Tian said a staggering $663m changed hands across just 20 transactions. Buyers were mostly self-made entrepreneurs from diverse sectors including e-commerce, property development, financial services, fashion, and technology. 'Today's ultra-luxury property buyers are primarily self-made business owners, especially those who built digital and tech companies, rather than corporate executives who once dominated this market,' Mr Go Tian said. 'The wealth behind these purchases now comes from a much wider range of industries, with online businesses and technology ventures leading the way. 'While buyers in their late 40s to 50s continued to form the core market, we're witnessing increasing participation from millennial entrepreneurs, particularly those who have built wealth through digital businesses,' he said. Hugh Jackman-linked health retreat listed as first guests arrive AFL legend's side hustle flipping homes Mr Go Tian said luxury homes varied dramatically by location, generally including premium materials and exceptional finishes, such as marble countertops, hardwood floors, and custom cabinetry. 'More than just a price point, luxury represents the pinnacle of craftsmanship, attention to detail, and scarcity within a market,' he said. 'As our data reveals, the concept of luxury continues to transform across Australia's diverse regions, shaped by changing demographics, wealth distribution, and lifestyle preferences.'
West Australian
08-06-2025
- Business
- West Australian
Perth property breaking traditional income rules
Property markets have always served as economic barometers, reflecting broader shifts in capital flows and investment sentiment. When residential assets begin generating annual returns which systematically exceed what their owners earn through employment, it represents a fundamental market dynamic demanding strategic attention from investors and developers alike. Recent analysis from Ray White reveals an unprecedented phenomenon in Australian property markets, which challenges conventional investment wisdom. According to the firm's research, Perth has become the only Australian city where residential property appreciation exceeds personal income, highlighting the city's unique position in the national property landscape. Ray White Senior Data Analyst Atom Go Tian identifies Perth as delivering the best of both worlds for residents. Not only do Perth workers earn Australia's second-highest annual incomes but their residential properties also generated the nation's strongest capital appreciation over the 12 months to April. Perth house prices surged by $95,022, climbing from $812,482 to $907,504, exceeding even Canberra's substantial annual personal incomes of $93,351. This represents a fundamental shift in how property investment returns are distributed across Australian markets. Nationally, the typical relationship sees personal earnings outpacing property appreciation by about 1.5 times, with median annual income at $72,592 compared to national house price growth of $46,625. Perth's inversion of this relationship – where property assets generate more annual value than their owners typically earn – creates a unique investment dynamic. The implications extend beyond individual wealth creation to broader questions about market sustainability and capital allocation strategies. When property assets consistently outperform personal income generation, it suggests either exceptional market fundamentals or potential structural imbalances which require careful evaluation. What makes Perth's performance noteworthy is its occurrence alongside strong personal income levels, rather than in spite of weak earnings growth. This combination suggests genuine economic strength supporting asset appreciation, rather than speculative activity disconnected from underlying fundamentals. Other major markets present contrasting dynamics. Adelaide demonstrates near equilibrium with both personal income and property appreciation sitting at about $63,000 annually. Brisbane maintains modest personal income advantages, with residents earning roughly $2000 more than their properties appreciated. Melbourne and Canberra show the greatest disparities in favour of personal earnings, with workers earning 5.5 and five times their property appreciation respectively. According to Ray White's analysis, this represents a significant geographical shift in Australian property investment performance. Previously, Sydney's premium eastern and northern suburbs led national growth, outpacing local incomes by six to eight times. These luxury markets have now cooled, with growth migrating to Perth's mid-tier segments as investors seek enhanced value propositions in markets delivering both income and capital growth potential.
