More Australian suburbs join the million dollar median club as housing affordability slips further
One capital city has experienced exponential price growth since the start of the pandemic — and it’s not where you think
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Almost one third of all Australian suburbs now have a median house or unit value at or above $1 million, new data has shown.
The latest CoreLogic Million-Dollar Markets report released today revealed 29.3 percent of the 4,772 suburbs analysed were members of the million-dollar club. The previous record was 26.9 percent in April 2022. CoreLogic economist Kaytlin Ezzy said the results are in stark contrast to median values in early 2020.
“At the onset of COVID, just 14.3 percent of house and unit markets had a median value at or above the $1 million mark,” she said. “With almost 30 percent of suburbs now posting a seven-figure median, the increase is a natural consequence of rising values and worsening affordability.”
Unsurprisingly, Sydney topped the table as Australia’s most expensive capital with a median of $1,180,463 and adding 46 net suburbs to the list. Sydney now has 448 house and 107 unit markets with a current median value of $1 million or greater.
However, growth in the smaller capitals has also been significant. CoreLogic data showed dwelling values in Brisbane have risen by 15 percent over the past year with a net increase of 46 million-dollar markets, tying with Sydney.
“The positive flow of interstate migration, coupled with a continued undersupply of advertised listings as well as newly built housing stock, has seen Brisbane values rise 65.1 percent since the onset of COVID,” Ms Ezzy said.
“Such a significant increase in home values has eroded much of the city’s previous affordability advantage, with Brisbane now having the second highest median dwelling value ($875,040) among the capitals.”
The results shine a light on housing affordability concerns, with the report noting that homeowners with a $800,000 mortgage and repayments based on current interest rates would need to be earning close to $200,000 in order to keep repayments under 30 percent of their income. Ms Ezzy said prior to the first interest rate hike, the minimum salary required for homeowners to avoid mortgage stress was about $125,000.
“Despite the increase in the number of million-dollar markets, borrowers are dedicating more of their income towards servicing their mortgage,” she said.
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The influencer and fitness entrepreneur is offloading the four-bedroom Main River residence she has called home since 2020 following her split from ex-husband Matt Zukowski.
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Fitness entrepreneur and social media personality Tammy Hembrow has put her Broadbeach Waters mansion on the market, ending a six-year stint in the riverfront home she has regularly featured in content shared with her millions of followers.
Hembrow bought the property in June 2020 for $2.88 million.
Sitting on an oversized 979sqm allotment with north-east orientation and more than 30 metres of river frontage, the double-storey residence is set behind security gates at the end of a quiet cul-de-sac.
The home has been a fixture of Hembrow’s online presence for years, serving as the backdrop to family life and business updates for the mother-of-three, who also lived there with her former husband, Love Island Australia star Matt Zukowski, before the pair separated in mid-2025 following a brief marriage.
Inside, the residence centres on an open-plan kitchen, lounge and dining area that opens onto the pool and alfresco entertaining space, designed to make the most of the Gold Coast’s indoor-outdoor lifestyle.
Upstairs, the master suite includes a walk-through robe, dedicated dressing room and ensuite, alongside two further bedrooms, while a fourth bedroom downstairs offers separate access for guests or extended family. A multi-purpose room adds flexibility for use as a media room, home office or children’s retreat.
Outdoor features include a tiled pool, built-in barbecue and bar area, firepit and private boat ramp — amenities suited to the waterfront entertaining lifestyle the Broadbeach Waters pocket is known for.
The property is being marketed by Jay Helprin of Ray White through an expressions of interest campaign, with private inspections only and no scheduled public opens.
Hembrow, who built her public profile from 2014, documenting her fitness journey through three pregnancies, went on to launch fitness app TammyFit, which has since been downloaded more than a million times.
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