Photographer: Brendon Thorne/Bloomberg

Million-Dollar Suburbs Soar in Wake of Australian Housing Boom

  • Sydney has the most suburbs with a A$1 million median price
  • Suburbs with homes at least A$1 million up 125% over 3 years

The number of Australian suburbs where homes command a median A$1 million ($762,000) price has surged in the wake of a four-year long housing boom driven by declining interest rates and demand from investors.

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