$2 million-plus property sales doubled in 2021

2021 saw a doubling of Australian property sales above the $2 million price mark, according to realestate.com.au.

While all price points above $250,000 saw increased sales volumes in 2021, the biggest increases were for properties priced above $2 million, with $3 million-plus sales experiencing the strongest growth:

Nevertheless, the highest share of sales nationally remained at price points below $750,000; although their share of total sales reduced over 2021:

Overall, there were 40.1% more property sales in 2021 compared with 2020, with Melbourne posting the strongest growth (70.5%) in sales out of the capital cities:

In a similar vein, Melbourne led the nation’s sales in 2021:

Full report here.

Unconventional Economist

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