The four-bedroom home is decorated lavishly, complete with chandeliers, mirrored ceilings, Versailles-style parquet flooring and stucco imitation sculptures
3 min
Listing of the Day
Location: Paris
Price: €4.2 million (US$4.49 million)
This Rue de Rivoli home in the heart of Paris’s 1st Arrondissement comes with some serious design cachet: For one, it was one of the first major projects of notable French interior designer Didier Rabes, according to listing agent Paola Feau.
While an apartment, the four-level home is large enough to feel like a detached house, and Rabes decorated it lavishly to evoke an 18th-century chateau, complete with chandeliers, mirrored ceilings, Versailles-style parquet flooring and stucco imitation sculptures.
Most of the building dates to the mid-19th century, though there are some remnants of the older Directoire style with its Neoclassical architectural forms, which were popular in the late 1700s, according to Feau.
This particular residence in the building also has the legacy of being the couture workshop of designer Madeleine Vionnet during the early 20th century, Feau said. It was later transformed into a private home, and with recent renovations, it boasts both a distinctive period atmosphere and modern comforts such as an elevator and a large modern kitchen.
Stats
The 3,207-square-foot apartment has four bedrooms with three full bathrooms and two half bathrooms. The apartment is spread over four floors including a lower ground floor, and is entered on the ground floor of the building.
Amenities
The home boasts a lift that goes between its three main floors, as well as a home office, and a 300-square-foot paved courtyard on the second floor that two of the bedroom suites open onto.
A separate, renovated apartment on the second floor connects to the main house, and can be accessed by both an interior staircase from the main house or through the building’s common areas. With two bedrooms, a bathroom, a living room, and a kitchen, “the apartment could be kept completely separate and rented or used for guests, or it could be used as an extension of the main house,” Feau said. “This little apartment has been fully renovated in a completely modern style, in contrast to the 18th-century-style main house.”
Neighbourhood Notes
Sitting right on the expansive Tuileries Garden, a 17th-century formal garden filled with statues, including 18 bronzes by Aristide Maillol, the location is also within a few minutes’ walk of the Louvre, Place Vendôme and Place de la Concorde, as well as the Jardin des Champs-Élysées.
“It’s one of the best areas in Paris,” Feau said. “It’s very, very central, with all the finest restaurants, fashion and jewellery boutiques and hotels, including Hotel Le Meurice and the Ritz.”
The Place Vendôme has historically been the home of many famous dress designers, with the stores of the couturier Chéruit and the shirtmaker Charvet still in situ.
Agent : Paola Feau, Daniel Feau and Luxury Portfolio International
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Rugged coastal drives and fireside drams define a slow, indulgent journey through Scotland’s far north.
A haven for hedge-fund titans and Hollywood grandees, Greenwich is one of the world’s most expensive residential enclaves, where eye-watering prices meet unapologetic grandeur.
Australia’s wealthy class is expanding fast, and Knight Frank says that a surge in billionaires is reshaping the nation’s luxury property market.
3 min
Australia’s luxury property market is being quietly reshaped by one of the most significant wealth expansions in the world.
According to Knight Frank’s latest Wealth Report, the country’s billionaire population is set to grow by 77 per cent over the next five years, rising from 48 to 85 individuals.
That surge sits within a broader wave of wealth creation. Ultra-high-net-worth individuals, those with more than US$30 million, are forecast to increase by nearly 60 per cent to over 26,000 Australians by 2031.
Globally, the pace is accelerating. The report reveals that 89 new ultra-wealthy individuals are created every day, a figure that underscores a structural shift in capital formation rather than a cyclical upswing.
For luxury property markets, this is not just a headline number. It is a demand driver.
Australia’s wealth story is increasingly underpinned by diversification across resources, finance, technology and services, creating a depth of private capital that is both mobile and strategic.
And mobility is key. The ultra-wealthy are no longer tied to a single market. Instead, they are operating across multiple global hubs, maintaining footholds in cities like London, New York and Singapore, while using Australia as a stable base.
In this environment, real estate becomes less about shelter and more about positioning. Trophy assets remain desirable, but capital is increasingly being deployed across the full risk spectrum, from long-term holds to value-add opportunities. For Australia, the implications are clear. As wealth expands, so too does the expectation of product, and the locations that can attract it.
The billionaire effect
While property remains central to wealth preservation, the latest data shows that capital is increasingly spreading across luxury asset classes, albeit with a more disciplined approach.
Knight Frank’s Luxury Investment Index recorded a modest 0.4 per cent decline in 2025, signalling a stabilisation phase after several years of correction.
But beneath that headline number is a more telling shift. Collectors are moving away from speculative buying and toward assets defined by rarity, provenance and cultural significance.
Impressionist art led the market, rising 13.6 per cent, buoyed by landmark sales including a US$236 million Klimt painting. Watches also performed strongly, up 5.1 per cent, driven by continued demand for brands like Patek Philippe and Rolex.
At the same time, more volatile categories have corrected. Whisky values fell 10.9 per cent, while parts of the fine wine market have softened following pandemic-era highs.
Perhaps the most notable trend is behavioural. Younger investors are entering the market through fractional ownership platforms, gaining exposure to high-value assets that were once out of reach.
For property, the parallels are clear. The same focus on scarcity, narrative and long-term value is increasingly shaping buying decisions at the top end of the residential market.
Global wealth
The growth in billionaires is not just increasing demand, it is changing where that demand is directed.
In Australia, Brisbane has emerged as one of a handful of global cities experiencing rapid change in its luxury positioning. The city’s transformation is being driven by infrastructure investment and the 2032 Olympics, with top-end apartment prices rising from around US$6 million to more than US$10 million in just 12 months.
Luxury price growth has remained steady, with Brisbane rising 2.1 per cent in 2025, while the Gold Coast recorded 2.8 per cent.
At the same time, buying power is tightening. US$1 million now buys 5 per cent less in Brisbane than it did five years ago, reflecting the upward pressure on prime markets.
The trend is not confined to capital cities. Regional lifestyle markets are also capturing attention. Geelong’s waterfront has been identified as one of the world’s hottest luxury residential markets, driven by a combination of coastal amenity, infrastructure and relative value.
In these markets, pricing is no longer the sole driver. Lifestyle, accessibility and long-term growth are increasingly shaping buyer decisions, particularly among globally mobile wealth.
Alternative luxury assets
Beyond residential property, high-net-worth individuals are continuing to diversify into alternative assets that combine lifestyle and investment potential.
One of the most compelling examples is vineyard investment. Knight Frank’s Global Vineyard Index highlights the Barossa Valley as one of the best-value wine regions globally, where US$1 million can secure more than 18 hectares of land.
Despite a 10 per cent decline in land values over the past year, the broader outlook remains positive, particularly as the global wine industry shifts toward premiumisation.
This “trading up” trend is seeing consumers favour higher-quality, provenance-driven wines over mass-market products, reinforcing the long-term appeal of established regions like the Barossa and Eden Valleys.
For investors, the appeal lies in the intersection of lifestyle and capital preservation. Vineyard assets offer not only production potential, but also a narrative — something increasingly valued in a market where experience and authenticity carry weight.
