220 Suburbs Record $1m-Plus For Every House Sold
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220 Suburbs Record $1m-Plus For Every House Sold

The tally is likely to rise over the next 12 months.

By Terry Christodoulou
Thu, Jan 20, 2022Grey Clock < 1 min

A total of 220 suburbs recorded every house sold or settled at or above $1 million last year, according to data from CoreLogic.

Sydney, unsurprisingly, accounted for nearly two-thirds of the overall tally with 135 suburbs transacting at $1 million or over for each house as the NSW capital experienced a 29.6% surge in house prices during the year.

While Sydney dominates the list, Brisbane and Adelaide were poised to see the biggest rise in the proportion of homes selling for at least seven figures, with both capitals enjoying strong growth momentum, according to CoreLogic research director Tim Lawless.

“We are expecting the Brisbane and Adelaide markets to show a stronger return relative to the larger cities this year,” Mr Lawless said.

“Similarly, the regional markets around the country, especially those within commuting distance of the largest capitals, seemed well-positioned to grow their share of premium-valued properties.”

Melbourne saw 27 suburbs where every house sold for $1 million or more with the majority located in Bayside, Port Phillip, Banyule or in the Mornington Peninsula areas.

Regional NSW recorded 37 suburbs where every house was sold for over a million with the Byron and Shoalhaven regions taking the lead. Regional Victoria by comparison had six suburbs, Queensland, four and WA, one.

Proportionally, the ACT has posted the most dramatic gain of million dollar-plus sales — up 21.1% to 39.1%.

In Brisbane, the share of million dollar-plus sales nearly doubled to 19.3% while Melbourne was up 10.2% to 41.5% of overall sales.

Sydney again saw the largest slice of million dollar-plus homes in its market with 63.1% of all transactions over the mark.

So too Sydney’s million dollar-plus unit sales, with the NSW capital accounting for 29.8% of all unit sales worth above a million dollars.

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By Robyn Willis
Fri, Aug 19, 2022 < 1 min

Treechangers seeking a home and income should take note of this west coast property in picturesque Pickering Brook in the Perth Hills, which comes with its own live-in residents.

Known as ‘the Margaret River of the Hills’ the area boasts stunning bushland while being just 30 minutes from all the amenity Perth has to offer.

With eight bedrooms and 10 bathrooms, this property is a home and business, operating as a thriving day spa, Hidden Valley Eco Lodges and Day Spa.

The private main residence is made of rammed earth for thermal comfort and has three bedrooms, luxurious bathroom and a large open plan living area. A private jacuzzi on the spacious entertaining deck is the perfect spot for enjoying beautiful bushland views at the end of a long day.

For day spa guests, there are four deluxe spa treatment rooms serviced by qualified staff, a reception area and lounge plus a commercial kitchen. Overnight guests can choose from five lodges with fully equipped kitchen and heated jacuzzi. As a going concern with a consistently high annual turnover, it’s a unique opportunity for the right buyer.

Set over 5.46ha, the property is also home to a very special group of residents: a small herd of alpacas, which are included in the sale.

Price guide: $6.5 million

Inspection: By expression of interest

Agent: Susanne Broido, The Agency 0499 770 237