"Appetite for risk" is the phrase of the day, cropping up today in both Knight Frank and CBRE research reports.

Under pressure to cool a soaring housing market, the Australian government's proposed clampdown on foreign property buyers has raised a few eyebrows around the world.

What's the price of luxury? Well it depends where you're buying, says Christie's International Real Estate, which has worked out what the entry prices are in ten prime destinations around the world.