The number of suburbs having a median value of one million dollars in Australia decreased compared to the previous year, with only 649 suburbs recording a median value of home or superior units or $ 1 million at the end of last month, compared to 741 in the suburbs. logged in January 2018.
According to CoreLogic, the current figure is significantly higher than that of 123 suburbs ten years ago, but lower than that of 651 in 2017.
The decline in the number of suburbs by $ 1 million during the year occurred in all homes and units. Nationally, 602 suburbs have a median value of at least $ 1 million, compared to 669 in 2018, but only 47 of them have a median unit value of at least $ 1 million. , against 72 per year. there is
According to the report, 366 suburbs of New South Wales had a median value of at least $ 1 million for the home and 46 suburbs a median value of at least 1 million of dollars. It's much higher than it was 10 years ago, while only 78 suburbs had a median home value of $ 1 million and only two suburbs had a median of $ 1 million for their units. Year after year, the numbers were down. As of January 2019, 402 suburbs had median home prices of $ 1 million and 67, median home prices of $ 1 million.
Sydney accounted for 93.7% of the North American suburbs of a million dollars. All the suburbs of a million dollars were in the capital.
In Victoria, 129 suburbs in total had a median value of at least $ 1 million the previous month, and only one suburb had a median unit value of over $ 1 million over the same period. As of January 2009, 16 suburbs had a median value of at least $ 1 million, reflecting strong growth in housing values ​​over the last decade.
The number of suburbs in Victoria with an average of one million dollars has dropped significantly over the past year, from 170 to the suburbs of 12 months ago. It should be noted that 125 of the 129 suburbs with a median value of several million dollars are located in Melbourne.
Queensland has 38 million suburbs, up from 34 the year before. CoreLogic reported that the number of million dollar suburbs in Qld had increased every year since 2013
In Brisbane, there were 26 suburbs with a median of several million dollars, up from 22 the previous year.
For Tasmania, this year was the first time Hobart had a suburb with a median value greater than $ 1 million. The median house value at Battery Point is currently $ 1,067,186. Although the values ​​in Hobart have increased significantly in recent years, the supply of homes worth over $ 1 million remains very low compared to other capitals of the continent.
Meanwhile, the Northern Territory had no suburbs worth a median of $ 1 million over the last ten years.
The Australian Capital Territory recorded nine suburbs with a median home value of at least $ 1 million in January. However, no suburbs had a median unit value of at least $ 1 million
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