Number of $3 million suburbs doubles again in 2021

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.

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