Number of million dollar suburbs up 180% in 5 years

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By Leith van Onselen

Arguments claiming (here and here) that millennials cannot afford homes because they are “lazy” and unwilling to make “sacrifices” has received another stiff rebuke, with CoreLogic’s Cameron Kusher releasing data showing that the number of suburbs with $1 million median valued homes has surged by nearly 180% over the past five years, driven by the two major cities:

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According to Kusher:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.