The scarcity of luxury properties is one of the key factors contributing to their attractiveness. High-end properties are often situated in unique or sought-after geographic locations, adding to their exclusivity. This makes these properties more appealing, and prices may rise as a result of changes in supply and demand dynamics.

It is anticipated that the luxury real estate market in 2024 will continue to face issues of scarcity in high-end properties, leading to sustained price growth. Additionally, Australia's ongoing economic growth provides support for purchasing high-end real estate. When the economy is strong, people's purchasing power increases, making them more likely to invest in luxury properties.

In addition to traditional buyer demographics, non-traditional investors are also entering the luxury real estate market. The mainstream adoption of digital assets like Bitcoin is expected to attract more high-net-worth individuals to invest in luxury real estate. These investors seek to diversify their portfolios and allocate a portion of their funds to stable and valuable luxury property investments.

Furthermore, overseas investors have shown a keen interest in Australia's high-end property market. Australia is considered a safe haven for international investors due to relatively low stamp duties and higher security. Chinese investors, in particular, find Australia attractive as it not only offers good investment returns but also meets their requirements for asset security and long-term investment.

Government policies are also driving the development of the luxury real estate market. The Australian government is attracting both domestic and international investors through tax policies and other measures, providing certain incentives for purchasing luxury properties.