Number of $3 million suburbs doubles again in 2021

Advertisement

The number of suburbs with $3 million-plus median price tags has doubled again in 2021, according to new analysis by realestate.com.au, with Sydney dominating:

The number of suburbs with median house sale prices over $3 million doubled during 2020, with the luxury residential market experiencing particularly strong conditions as people saved more and total household wealth grew.

The $3 million-plus club has doubled again this year amid boom conditions in the overall housing market and the luxury sector.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.