Exclusive homes with tennis courts are tightly held, rarely transacting across Australia, but according to the latest research these sales spiked in 2020.
The Australian Residential Tennis Court Premium, which assesses sales of prime homes with tennis courts, found the volume of such sales in 2020 far outstripped 2019.
Homes described as “super-prime residential property” are considered the most desirable and most expensive property in a given location, generally defined as the top 1% of each market by value.
Across Sydney, Melbourne, Brisbane, Perth and the Gold Coast, the total value of transactions of super-prime sales with tennis courts was $683 million in 2020 across 38 transactions, up 230% on 2019 when there were just 14 deals.
Knight Frank’s head of residential research, Michelle Ciesielski says every city analysed overtook the 2019 sales volumes in 2020, with Sydney the strongest performing market.
“In 2020, Sydney saw $436 million of tennis court-featured super-prime sales across 22 transactions,” she says. “Melbourne was next with $134.6 million worth of sales across nine transactions.”
Based on sales since 2011, the top suburbs for super-prime properties with tennis courts are Toorak in Melbourne (39 sales), Bellevue Hill in Sydney (23 sales) and Vaucluse and Mosman (both 16 sales).