Luxury Rents Around the World Rose Faster Than Sales Prices 2023
By CASEY FARMER
Thu, Feb 8, 2024 8:50am
2 min
2 min
Luxury residential rents remained strong globally in 2023, outperforming capital values in 28 of the 30 cities tracked in the Savills World Cities Index, according to a report from the British real estate company on Wednesday.
On average, luxury rents increased by 5.1% last year, compared to the average home price growth of 2.2%.
“In the face of economic uncertainty, the prime residential rental market proved resilient in 2023,” said Kelcie Sellers, associate at Savills World Research. “Continuing a trend from the past year, prime rental value growth outpaced capital values, largely driven by a lack of stock in global prime markets and increased levels of demand from individuals and families who would look to purchase a property, but are holding off until the economic and interest rate situations stabilise.”
Lisbon was by far the leader in rental growth, with luxury rents increasing by an average of 39% over the year and by 22% in just the second half of 2023, according to the report.
“Lisbon has seen an influx of people moving to the city, attracted to its climate, the quality of life on offer and strong business environment. But some have been more reluctant to enter the purchase market in Lisbon due to rising house prices and increasing interest rates,” Sellers said. “While the supply of houses in the rental market has not kept pace with demand, leading to a rise in rental prices throughout Portugal, it remains comparatively priced compared to other rental markets in Europe and will likely continue to attract new renters and investors over the coming year.”
Singapore led the Asia-Pacific region, with its rental growth at 12.3%, though that was down from 32.3% in 2022. Hong Kong also saw luxury rents increase, jumping by 5.9%, as high deposit requirements, increased interest rates and an influx of buyers from Mainland China drove would-be buyers to the rental market, according to Savills.
As for the year ahead, a slight increase in luxury rents is expected across the 30 global cities, though the price growth may be less than usual.
“Looking at the year ahead, prime rental prices are forecast to record a slight increase for the 30 cities covered in the World Cities index, as would-be prime buyers continue to turn to rental markets, but this growth will likely remain below the historic average,” Sellers said.
Savills predicts that Amsterdam will lead this year’s rental growth index, with a forecasted increase of 6% to 7.9%, as the city has seen a spike in demand in tandem with limited supply and increased regulations on the private rented sector.
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Three completed developments bring a quieter, more thoughtful style of luxury living to Mosman, Neutral Bay and Crows Nest.
From the shacks of yesterday to the sculptural sanctuaries of today, Australia’s coastal architecture has matured into a global benchmark for design.
Three completed developments bring a quieter, more thoughtful style of luxury living to Mosman, Neutral Bay and Crows Nest.
By Sponsored Post
Tue, Dec 9, 2025 5 min
5 min
Luxury means different things to different people. On the Lower North Shore, it often means the everyday things are well considered and exceptionally executed.
House-like proportions. An abundance of natural light. Security and privacy. Materials crafted with care.
Homes built for the way people truly live, shaped by industry expert and Lower North Shore local resident at the helm, Justin Brown, whose attention to detail is constant and uncompromising.
This is the space Abadeen has occupied for more than 25 years.
The developer has delivered premium residential, commercial and mixed-use projects across Australia, but the Lower North Shore has become the clearest expression of its philosophy.
A recent example is Cremorne Point Estate, completed in 2020.
Its craftsmanship is so enduring that the penthouse is now reselling for almost twice its original price in only four years. Smaller buildings. Real liveability. Design that retains its elegance over time.
Abadeen’s current portfolio also includes The Villas, Mosman Residences, Park Residences, Northcote Collective and the newly announced Burran Residences in Balmoral. But three completed buildings now take centre stage: The Hampden in Mosman, ENSO in Neutral Bay and KOYO in Crows Nest.
All are complete, move-in ready, and only a limited number of residences remain. At The Hampden, only one whole-floor residence remains available.
The Hampden, 1/8 Warringah Road, Mosman: A Whole-Floor Masterpiece with Middle Harbour Views
Meticulously crafted by acclaimed Mathieson Architects and delivered by Abadeen, The Hampden offers a rare level of refinement within an exclusive collection of only three residences.
The final available home is a brand-new, whole-floor residence capturing sweeping Middle Harbour views over Chinamans and Clontarf Beaches from a prized northerly aspect. It delivers a house-like ambience with floor-to-ceiling glass that draws in natural light, paired with exquisite finishes in natural stone and warm timber.
Expansive open plan living and dining areas are anchored by a premium fireplace and flow out to a generous north-facing entertainers’ terrace overlooking boat-studded waters. The high-spec kitchen includes a full butler’s pantry, WOLF appliances, an integrated Sub-Zero fridge and freezer, a wine fridge and a Taj Mahal Quartzite island.
Residences include:
- Three bedrooms positioned away from the living areas and designed as peaceful retreats. Each has built-in wardrobes, while the master suite features a dressing room, a walk-in wardrobe and a deluxe ensuite with stone finishes and a rainwater shower. There is a second stone bathroom, a powder room and a large laundry adjoining the butler’s pantry.
- Ducted air-conditioning, engineered oak floors, premium wool carpet, extensive storage and lift-to-foyer access from secure basement double parking.
- Perfectly positioned, The Hampden is a short walk to the water’s edge at Rosherville Reserve, Balmoral and Chinamans Beach, and close to Mosman Village.
- Best suited for buyers seeking a high-end, low-maintenance luxury with elevated craftsmanship and effortless indoor-outdoor living.
ENSO, 34 Grosvenor Street, Neutral Bay: Nine Bespoke Homes Shaped for Daily Rituals
With only nine residences, ENSO is a boutique collection where Koichi Takada’s architecture focuses on calm, contemporary living.
Natural stone, timber and soft curves create a sense of warmth, while generous glazing and landscaped outlooks bring light and greenery into the heart of each home. Rooms are designed for real daily use, with integrated joinery, considered storage and floor plans that prioritise ease and comfort. The result is a series of homes that feel composed, tactile and effortless to live in every day.
Residences include:
- Three-bedroom residences and a spectacular, whole-floor, four-bedroom penthouse are yet to be released to the market.
- Ground floor garden residences that extend living outdoors with private landscaped courtyards or balconies, while elevated homes enjoy quiet village outlooks.
- Gourmet stone kitchens with premium V-Zug, Fisher & Paykel and Liebherr integrated appliances and abundant storage.
- Restful bedrooms appointed with refined finishes and thoughtful proportions.
- Three-bedroom layouts with generous open-plan living.
- Contemporary homes with secure parking, storage and lift access.
KOYO, 5 Rodborough Avenue, Crows Nest: Treetop Homes Defined by Sculptural Calm
Designed by Koichi Takada, KOYO is a boutique collection of 27 residences shaped by natural textures, soft curves and a refined sense of luxury.
Its low-rise form sits within a leafy cul-de-sac, offering privacy only moments from Crows Nest village and the new Victoria Cross Metro station.
Inside, every space is crafted for daily ease. Timber, stone and sculptural details create a warm, tactile palette, while full-height glazing draws light into the heart of each home.
Integrated joinery, intuitive circulation and thoughtful storage keep rooms open, calm and effortless to live in.
KOYO reflects Abadeen’s approach to modern living: refined, confident and beautifully functional. KOYO is modern, confident and created for daily life without unnecessary embellishment.
Residences include:
- A three-bedroom whole-floor penthouse with dual terraces, panoramic views, private lift access and sculptural interior detailing
- Three-bedroom apartments with generous indoor-outdoor layouts and private balconies or landscaped courtyards
- A garden residence with secure direct entry and a house-like feel
- An upper-level home with district views and sun-filled living spaces
- Designer kitchens with V Zug appliances, premium stone and integrated Liebherr refrigeration
- Sculptural interiors with timber accents, curved joinery, study spaces and in-built bars
- Refined bedrooms including master suites with walk-through wardrobes and well-appointed en-suites
- Elegant bathrooms with stone vanities, brushed platinum tapware and ambient lighting
- Fireplaces in selected residences for warm, inviting living spaces
- Lift access, secure parking, storage cages, ducted air conditioning and video intercom
- A landscaped rooftop terrace with garden seating and a BBQ area
Abadeen’s Philosophy
Abadeen’s philosophy is shaped by Executive Chairman & Founder Justin Brown, whose three decades in the industry have defined a distinct approach to residential development on the Lower North Shore and beyond.
Justin believes luxury should feel effortless. A home should work beautifully every day, with planning that makes sense, materials that age gracefully and detailing that supports calm, comfortable living long after the first inspection.
This philosophy is embedded early in the design process. Acoustic comfort, natural shading, solar orientation and circulation are resolved from the outset.
Landscapes are designed to welcome residents rather than simply frame buildings. Interiors prioritise clarity and ease, with joinery, storage and spatial proportions refined to deliver homes that feel composed, tactile and intuitive to live in.
Justin’s values-led approach unifies Abadeen’s Lower North Shore projects. Each reflects the same commitment to certainty, longevity and quiet architectural excellence. These are homes built to be lived in, not performed, shaped around the daily rituals, warmth and comfort that define enduring residential design.
The Lower North Shore Advantage
This part of Sydney reflects Abadeen’s values. Established neighbourhoods. Walkable villages. Tree-lined streets. Natural light and natural rhythm. It is a quieter style of luxury that holds its value and relevance over time.
Abadeen is a leading Australian property developer with premium residential and mixed-use projects across NSW, VIC, QLD and WA. Limited residences remain at The Hampden in Mosman, ENSO in Neutral Bay and KOYO in Crows Nest. Private appointments and viewings are now available. Call Jay Carter on 0417 248 117.
