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, 2022 3:08pmGrey 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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11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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A 600-Year-Old Medieval Villa Overlooking Florence Lists for €12 Million

The four-storey, lemon-hued villa boasts more than 16,000 square feet of living space and historic character and charm by the bucket load

By LIZ LUCKING
Wed, May 29, 2024 2 min

A 14th-century villa in the hills overlooking Florence, Italy, has hit the market for €12 million (US$13 million).

Surrounded by cypress trees, vineyards and olive groves, the quintessential Tuscan home was built for the Davanzati family—who were powerful bankers, merchants and patrons during the Italian Renaissance who have a museum named after them in the heart of the city. The villa was one of the family’s multiple country retreats, according to Lionard Luxury Real Estate, which brought the home to the market earlier this month.

Courtesy of Lionard

The four-storey, lemon-hued villa boasts more than 16,000 square feet of living space and historic character and charm by the bucket load.

The ballroom has a giant skylight.
Courtesy of Lionard

On the ground floor there are ​​a number of reception rooms and open-air living areas, with many of them boasting antique paintings, tapestries and stately fireplaces made of marble or carved stone.

The most “magnificent” room, according to Lionard, is the winter garden hall, a ballroom with stuccos, loggias and towering vaulted ceilings, illuminated by an Art Nouveau skylight.

Courtesy of Lionard

On the first floor are multiple double bedrooms and an antique library, and the second floor, while in need of renovation, offers the possibility of creating up to 12 en-suite bedrooms. The villa’s tower has a “delightful sitting room and a rooftop terrace offering a breathtaking view of the city of Florence,” the listing said.

The villa has ivy-covered loggias.
Courtesy of Lionard

The basement, meanwhile, has a cellar with brick vaults that are perfect for wine lovers. An elevator runs between the levels.

Outside, the grounds have well-kept gardens, rolling lawns, a fountain, ancient wells and ivy-covered loggias.

Mansion Global couldn’t determine who is selling the villa, or when they acquired it.

The property is “an oasis of peace,” the listing said, and “one of the most exclusive historical estates on the hills that surround the city of Florence.”

MOST POPULAR
11 ACRES ROAD, KELLYVILLE, NSW

This stylish family home combines a classic palette and finishes with a flexible floorplan

35 North Street Windsor

Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.

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