220 Suburbs Record $1m-Plus For Every House Sold
The tally is likely to rise over the next 12 months.
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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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Blending brutalist strength with warm, refined interiors, Rumah is a bold architectural statement in Brighton’s coastal enclave — a designer family home where luxury meets liveability.
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Rumah means “home” in Indonesian and Malay, and it’s clear this designer property in Melbourne’s coveted beachside enclave of Brighton is a dream house in any language.
The uber-contemporary residence is a collaboration between builders Belot Property, Seidler Group architects, and the interiors team at Golden.
The result is a modern marvel that combines a brutalist concrete exterior ready to weather its coastal setting with inviting interiors using a mix of textures, from French oak to metal and brick finishes.
Just listed with Kay & Burton Bayside agents, Rae Mano, Matthew Pillios and Jamie Mi, the prestige property is on the market via a private treaty campaign with price expectations of between $10.5 million and $11.5 million.
Created to be a great entertainer while maintaining a level of discreet privacy, Rumah is, at its heart, a warm, family-friendly home that ticks all the boxes for detail-oriented design connoisseurs.
A palette of contradictions, Rumah blends angular and rounded forms, features hard steel and glass, and effortlessly incorporates the earthy finishes of brick and timber for a holistic sensory experience.
Beyond the oversized pivot door sits a large structural column wrapped in gold leaf, setting the tone for the rest of the residence. The three-storey layout offers a choice of multigenerational spaces, from the ground-floor everyday living level to the accommodation wing on the top floor and the large basement “clubhouse.”
At the heart of the home, a gourmet kitchen features a dramatic island bench, high-end appliances, and a full butler’s pantry. Multiple spaces feed off the kitchen, including a vast dining area and a large living room, which both spill out through full-height glazed doors to either a side barbecue terrace or the poolside deck to the rear.
Even the downstairs entertainer’s room – also known as the club – is effectively poolside thanks to an innovative glass viewing window framing swimmers and cleverly connecting the subterranean level to the rest of the home. This games room also houses a sophisticated bar, a wine cellar, integrated night club style lounge seating and a full bathroom.
Additionally, the lower floor features a hidden laundry room, two store rooms, direct access to a huge five-car garage with a convenient turning circle, and an extra bedroom or home office.
Via the private elevator, the top floor is dedicated to after-hours living. It has four spacious bedrooms, each with its own ensuite and walk-in wardrobes. In the luxurious primary suite, there is a hotel-inspired ensuite with a unique kidney-shaped freestanding bath and a dressing room.
Rumah’s added extras include warming indoor and outdoor fireplaces, automatic blinds, feature lighting, marble accents, bespoke wallpaper, built-in bedheads, an external spa and low-maintenance landscaped gardens.
Positioned on the corner of William and Halifax Sts, the 21st-century beach house is opposite William St Reserve, close to Brighton Primary School.
Rumah at 91 William St, Brighton is on the market via private sale with Kay & Burton Bayside and has a sales guide of $10.5 million and $11.5 million.
It’s being sold by a Chinese billionaire who’s accumulated a handsome portfolio of lavish real estate in the U.S.
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