Outback Queensland, NSW break their states’ heat records; Man steals caravan with three children inside; Inquest into ‘cluster’ of patient suicides at Prince Charles hospital
Million-dollar homes are becoming increasingly common in Australia, with new research showing roughly one in three suburbs has an average seven-figure price tag.
195 suburbs have joined the exclusive club following strong housing market gains over the last 12 months, according to a new report from Cotality.
Real estate in Brisbane is on the rise.Credit: Nick Walker
In news that will make first-home buyers cry over cereal, 30 percent of all sales last year were $1 million or more.
Brisbane has suffered the most suburban collapse by reference figure, joining the $38 million price tag club.
There are also 141 individuals in the Queensland region with an average value of over $1 million.
The majority are on the Gold and Sunshine Coasts, but now include four Toowomba suburbs, Castle Hill in Townsville and Cannon Valley inland Airlie Beach.
Australia’s new seven-figure suburbs:
Queensland: Capalaba, Boondall, Keperra, Oxley, Springwood, Murrumba Downs, Nerang, Pelican Waters, East Toowoomba.
NSW: Rooty Hill, Plumpton, Kingswood, Kembla Grange, Diamond Beach.
: Clayton South, Keilor Lodge, Taylors Lakes.
WA: Bouvard, Bayswater, Maylands, Jindalee, Margaret River, Chittering.
SA: Northgate, Morphettville, Plympton Park, Richmond, Warradale.
TO BEHAVE: Fraser, Strathnairn, Kaleen, Casey, Monash.
AAP
