These newly minted million-dollar suburbs are breaking records
Nila SweeneyReporter
The portion of suburbs where most houses are now worth at least $1 million blew out to a record high of 36.7 per cent nationwide despite higher interest rates, worsening affordability and poor sentiment, data from CoreLogic shows.
Median house values in more than half of all suburbs passed the million-dollar mark by the end of August across the combined capital cities, also the largest level ever recorded.
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Nila Sweeney writes on property from our Sydney newsroom. Email Nila at nila.sweeney@afr.com.au
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