{"id":37199,"date":"2022-03-03T13:14:47","date_gmt":"2022-03-03T00:14:47","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=37199"},"modified":"2022-03-03T13:14:47","modified_gmt":"2022-03-03T00:14:47","slug":"australias-5-million-club-revealed","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/australias-5-million-club-revealed\/","title":{"rendered":"Australia\u2019s $5 million club revealed"},"content":{"rendered":"

PHOTO: The $5 million club<\/strong><\/p>\n

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After a bumper year in Australian property, real estate down under has reached a new bar. There are now 17 suburbs with a median house price in excess of $5 million with plenty more highly sought after neighbourhoods nipping at their heels.<\/p>\n

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REA Group\u2019s data arm PropTrack crunched the numbers and found there are also 15 suburbs with a $4 million to $5 million median, and an extraordinary 82 locations where the median is between $3 million and $4 million.<\/p>\n

Overall, a whopping 114 million suburbs recorded medians in excess of the $3 million mark in the year to January 31.<\/p>\n

Unsurprisingly, the $5 million \u201cclub\u201d were overwhelmingly located in Sydney\u2019s exclusive Eastern Suburbs, Northern Beaches and Upper North Shore.<\/p>\n

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Sydney\u2019s Northern Beaches are among the few suburbs in the $5m club. Picture: John Appleyard<\/strong><\/em><\/div>\n

Only two were located outside of the Harbour City, including Toorak in Melbourne with a median of $5.425 million, where 150 houses transacted in a year, and Newrybar in the Byron Bay hinterland where the median was $5 million after 15 sales.<\/p>\n

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Top 10 suburbs with medians in excess of $5 million<\/b><\/p>\n

Suburb \/ 12-month median<\/i><\/p>\n

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Point Piper, NSW $10.15 m<\/p>\n

Tamarama, NSW $9.6 m<\/p>\n

Whale Beach, NSW $8.4 m<\/p>\n

Centennial Park, NSW $7.46 m<\/p>\n

Vaucluse, NSW $7.45 m<\/p>\n

Bellevue Hill, NSW $7.285 m<\/p>\n

Duffys Forest, NSW $6.5625 m<\/p>\n

Double Bay, NSW $6.082 m<\/p>\n

Cremorne Point, NSW $5.862 m<\/p>\n

Dover Heights, NSW $5.804 m<\/p>\n

READ MORE VIA NEWS.COM.AU<\/a><\/p>\n

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