Choose the coast, or go west? The suburbs that joined the million-dollar club

 Hundreds more suburbs across Australia have joined the million-dollar club over the past year.

House prices across 450 suburbs hit or surpassed a $1 million median over the year to May, CoreLogic figures show, and a further 37 suburbs also hit a seven-figure unit median.

It comes after a record number of homes sold for a seven-figure sum over the year to March. In that time 23.8 per cent of homes traded for more than $1 million.

CoreLogic research analyst Kaytlin Ezzy said the sheer volume of newcomers to the $1 million club, particularly across regional areas — which made up more than a third of new entries — reflected the property market’s strong growth.

Read More: https://www.smh.com.au/property/news/choose-the-coast-or-go-west-the-suburbs-that-joined-the-million-dollar-club-20220628-p5ax81.html



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