Connect with us

Local News

Sydney on track to have nearly 60 suburbs where $3 million prices are the norm




A property in North Bondi sold for a staggering $6.1m on the weekend. Picture: Sam Ruttyn

The number of Sydney suburbs where you need $3 million just to get in the front door is booming with the list set to be nearly 60 by the end of the year.

Property sales data showed median house prices surpassed $3 million in another 10 suburbs last year, taking the total number of super-rich suburbs to 39.

And another 18 are on track to have a median price of $3 million this year if price growth trends continue, data showed.

MORE: 50 bidders send home $1.2m over reserve

The Block’s Adam and Fiona score auction win

To put the real estate price explosion in perspective, only three other suburbs in the rest of Australia have a…

Click here to view the original article.

Continue Reading


You might also like ...

Day to remember for Milligan family at Port | Port Macquarie News
Refuge offers home for pets when families flee domestic violence