23 Feb 2016
Deep pockets? Join the million-dollar club

Deep pockets? Join the million-dollar club

Deep pockets? Join the million-dollar club
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Guid,Tips,Selling,Auction real estate agents

At the end of 2015, there was a 31 per cent increase in the number of suburbs with a median value in excess of $1 million, rising to 530 from 406 suburbs in 2014. 

No longer such an exclusive club, particularly with the recent rises in home values, the majority of  these sales took place in the uber-desirable areas of NSW, but WA still made a dent with 38 suburbs making the list in 2015.

Here’s how each state stacked up:

                            
 

 

 

 

 

 



Wondering where the priciest addresses in the country are?

The top 10 most expensive suburbs nationally, based on median house value as at December 2015 are as follows:

  1. Centennial Park, NSW, $6,295,973

  2. Point Piper, NSW, $5,898,542

  3. Darling Point, NSW, $5,820,051

  4. Vaucluse, NSW, $4,375,781

  5. Bellevue Hill, NSW, $4,346,180

  6. Tamarama, NSW, $3,762,594

  7. Dover Heights, NSW, $3,594,684

  8. Peppermint Grove, WA, $3,564,725

  9. Double Bay, NSW, $3,323,665

  10. Whale Beach, NSW, $3,307,451

Only time will tell how many more suburbs will make it into the magic million-dollar club by December 2016. One thing that’s for sure is Australia has some seriously expensive real estate!

To find your next property (which doesn’t have to cost $1 million!) contact Naked Real Estate.

Written by Naked Writers

Deep pockets? Join the million-dollar club
Naked Writers

Naked Real Estate Writers collaborating to bring the latest news and trends in real estate for buying, selling and working in the exciting world of real estate. Is it time for you to get Naked?

View all posts by : Naked Writers

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