The entire profits from the sale of a Sydney house to be auctioned this Saturday will be donated to three charities through McGrath Ryde.

Knight Frank's Prime Global Cities Index Q3 2020 tracks the movement in prime residential prices in local currency across 45 cities worldwide using data from Knight Frank’s global research network. Five Australian cities were ranked in the top 26 cities around the world for luxury residential market performance over the past year.

Michael Kollosche, "The Gold Coast’s premium property market has performed strongly this year, even in the face of the coronavirus pandemic. We look at where the top end of our local market is at right now and what’s keeping property prices growing."

Sydney appeared to turn a corner in October, according to John McGrath, founder and executive director, McGrath Estate Agents.