Recession Proof Property - Myth or Reality?

For a finite group of astute homeowners, their luxury properties perform well regardless of the market. Even in a downturn, their properties defy the norm, with some achieving record prices well above expectations.

Waterfront property, is one example of an investment that has traditionally achieved higher capital growth due to the demand outstripping supply.

Renowned Australian property analyst Michael Matusik supports this view with research indicating that luxury waterfront property is somewhat recession-proof.

‘‘Our research indicates that the value of waterfront property in prime locations has grown more than twice as fast as other residential real estate,’’ Mr Matusik said.

‘‘Our studies have also found that luxury waterfront property has been more resistant to a downturn in a residential cycle.’’