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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:
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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.
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