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One in five Australian homes sold for $1 million or more
A record number of Australians spent $1 million or more to secure a home in the past year, CoreLogic’s annual Million Dollar Markets report reveals. Over the year to March 2022, CoreLogic collected 596,733 sales nationally, up 19.8% from the 497,923 sales recorded the previous year. Of these 23.8% sold for $1 million or more. Report author, CoreLogic Research Analyst Kaytlin Ezzy, said Australia’s bullish economic and property performance during latter part of 2021 had led to a record result for both the volume of transactions and the proportion of million-dollar sales. In the year to May, an additional 487 ... (full story)
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