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Australia

Perth suburbs join ‘million-dollar club’ as prices hit record high

“Most of these suburbs, including villas and units, will still have affordable options. Finding them can only take time and patience.”

Brown said that if potential buyers are looking at millions of dollars of suburbs, but they are struggling to find something in the price range under this media, they will sometimes advise you to expand the search to neighboring areas called “bridesmaid suburbs ..

“They will be close to the same desired opportunities as a million -dollar suburbs, but more affordable,” he said.

Some other Perth suburbs are crawling into a $ 1 million sign, and Brown said, probably before the end of the calendar year.

The price increase in the state’s capital, several suburban, Trigg, Senton Park, Waterman Bay, Mosman Park, Claremont, Floreat, Churchlands and East Fremenle, including a median house sales price of over $ 2 million.

City Beach’s median home sales price exceeded $ 3 million for the first time, but the Peppermint Grove preserved the most expensive suburb of Perth with $ 4.225,000 at the end of the financial year.

The median price was the only suburban with more than $ 4 million.

At the opposite end of the list, it was the only suburban in the club of 2023-24 million dollars who had not previously deducted 2024-25.

“Prices are fluctuating from year to year, depending on what was sold in that time, and it is not rare to see the suburbs with a median house sales price around a million dollar brand and go from the list,” Brown said.

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