{"id":21125,"date":"2018-05-13T01:00:55","date_gmt":"2018-05-12T15:00:55","guid":{"rendered":"https:\/\/realestatetalk.com.au\/?p=21125"},"modified":"2018-05-13T01:00:55","modified_gmt":"2018-05-12T15:00:55","slug":"1m-property-markets-cameron-kusher","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/1m-property-markets-cameron-kusher\/","title":{"rendered":"$1M property markets \u2013 Cameron Kusher"},"content":{"rendered":"<p>This month Your Investment Property magazine takes a look at the $1M property markets around Australia.\u00a0 The stats were compiled by Core Logic and we catch up with <strong>Cameron Kusher<\/strong> from Core Logic to discuss the results.<br \/>\n<strong>Transcript:<\/strong><br \/>\n<strong>Kevin:<\/strong>\u00a0 An interesting look in the latest\u00a0<em>Your Investment Property<\/em>\u00a0magazine looking at million-dollar properties. My guest on this chat is Cameron Kusher from CoreLogic.<br \/>\nGood day, Cameron, how are you doing?<br \/>\n<strong>Cameron:<\/strong>\u00a0 I\u2019m well. Thanks, Kevin. How are you?<br \/>\n<strong>Kevin:<\/strong>\u00a0 Good, mate. I wanted to bring you into the conversation early because, well, you\u2019re much younger than me, but gee, when I was your age thinking about having to pay $1 million for a property was something that was just out there in the ether. But it\u2019s actually quite common now, isn\u2019t it?<br \/>\n<strong>Cameron:<\/strong>\u00a0 It certainly is, particularly in markets like Sydney and Melbourne, but even at a national level, we are seeing a pretty strong upwards trend in the number of sales over $1 million.<br \/>\n<strong>Kevin:<\/strong>\u00a0 How many areas are there around Australia where we\u2019re finding that?<br \/>\n<strong>Cameron:<\/strong>\u00a0 As I said, it\u2019s largely in Sydney and Melbourne, but even in markets that have been pretty weak over the last few years \u2013 like Brisbane, Perth \u2013 you\u2019re still seeing the number of million-dollar sales trend higher in those capital cities, as well.<br \/>\n<strong>Kevin:<\/strong>\u00a0 What\u2019s been the growth like in those particular areas, Cameron?<br \/>\n<strong>Cameron:<\/strong>\u00a0 Nationally, we\u2019ve seen over the 2017 calendar year, 16.1% of all houses and 9.5% of all units selling for at least $1 million, up from 14.8% of houses and 8.1% of units a year earlier. But if we look across the individual capital cities, 49.3% of all houses sold over the year in Sydney were over $1 million, up from 45.4% the previous year, and even looking at the unit market, we\u2019re looking at 18.8% of all units selling for over $1 million.<br \/>\nIf we go to somewhere like Melbourne, 28.3% of all houses and 8.3% of all units sold for at least $1 million, up from 23.7% of houses and 7.2% of units a year earlier. Then if we go to a market like Brisbane, we\u2019re seeing 8.3% of all houses sold for at least $1 million and 3.4% of units. That\u2019s up slightly over the previous year.<br \/>\nYou can see there\u2019s a real rising prevalence of $1 million sales, particularly in Sydney and Melbourne.<br \/>\n<strong>Kevin:<\/strong>\u00a0 Is $1 million the benchmark we should be measuring, or is that increasing? Is it $1.5 million or $2 million now?<br \/>\n<strong>Cameron:<\/strong>\u00a0 It\u2019s obviously dependent on the city you\u2019re in. In Sydney, you\u2019d say the benchmark is probably more like $2 million. In Melbourne, it\u2019s probably more like $1.5 million. $1 million is probably a bit more exclusive in capital cities like Brisbane, Adelaide, Perth, Hobart, Darwin, and Canberra. But certainly, in Sydney and Melbourne\u2026 Sydney\u2019s median house value is still above $1 million, so you\u2019re typically going to be paying at least $1 million anyway.<br \/>\n<strong>Kevin:<\/strong>\u00a0 What was it like five years ago?<br \/>\n<strong>Cameron:<\/strong>\u00a0 Five years ago in Sydney, you\u2019d be looking at around 20% of all houses sold were over $1 million. In Melbourne, it was about 8%. If we go back to somewhere like Brisbane, you\u2019re talking about 3%, so it has increased quite significantly over that period of time.<br \/>\n<strong>Kevin:<\/strong>\u00a0 There you go. If you have a cool $1 million in your back pocket, there are lots of places for you to spend it around Australia. Cameron Kusher from CoreLogic. Thanks for your time, Cameron.<br \/>\n<strong>Cameron:<\/strong>\u00a0Thanks, Kevin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This month Your Investment Property magazine takes a look at the $1M property markets around Australia.\u00a0 The stats were compiled by Core Logic and we catch up with Cameron Kusher from Core Logic to discuss the results. Transcript: Kevin:\u00a0 An interesting look in the latest\u00a0Your&#8230;<\/p>\n","protected":false},"author":176692471,"featured_media":21126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,34,10,11,13,22,25],"tags":[101],"class_list":["post-21125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-a-property-topic","category-finance-topic","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-research-topic","category-sponsored-channels","tag-podcast"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>$1M property markets \u2013 Cameron Kusher - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/1m-property-markets-cameron-kusher\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$1M property markets \u2013 Cameron Kusher - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"This month Your Investment Property magazine takes a look at the $1M property markets around Australia.\u00a0 The stats were compiled by Core Logic and we catch up with Cameron Kusher from Core Logic to discuss the results. Transcript: Kevin:\u00a0 An interesting look in the latest\u00a0Your...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/1m-property-markets-cameron-kusher\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-12T15:00:55+00:00\" \/>\n<meta name=\"author\" content=\"rolanrush\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rolanrush\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/1m-property-markets-cameron-kusher\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/1m-property-markets-cameron-kusher\\\/\"},\"author\":{\"name\":\"rolanrush\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"headline\":\"$1M property markets \u2013 Cameron Kusher\",\"datePublished\":\"2018-05-12T15:00:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/1m-property-markets-cameron-kusher\\\/\"},\"wordCount\":582,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/1m-property-markets-cameron-kusher\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"podcast\"],\"articleSection\":[\"Buying a property\",\"Finance\",\"Kevin Turner\",\"Kevin's Update\",\"Latest Stories\",\"Research\",\"Sponsored Channels\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/1m-property-markets-cameron-kusher\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/1m-property-markets-cameron-kusher\\\/\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/1m-property-markets-cameron-kusher\\\/\",\"name\":\"$1M property markets \u2013 Cameron Kusher - Realty Talk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/1m-property-markets-cameron-kusher\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/1m-property-markets-cameron-kusher\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2018-05-12T15:00:55+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/1m-property-markets-cameron-kusher\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/1m-property-markets-cameron-kusher\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/1m-property-markets-cameron-kusher\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/1m-property-markets-cameron-kusher\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"$1M property markets \u2013 Cameron Kusher\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\",\"name\":\"Realty Talk\",\"description\":\"Your Trusted Voice For Property Investing. Anywhere, Anytime.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\",\"name\":\"rolanrush\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"caption\":\"rolanrush\"},\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/author\\\/rolanrush\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"$1M property markets \u2013 Cameron Kusher - Realty Talk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/channels.realty.com.au\/realtytalk\/1m-property-markets-cameron-kusher\/","og_locale":"en_US","og_type":"article","og_title":"$1M property markets \u2013 Cameron Kusher - Realty Talk","og_description":"This month Your Investment Property magazine takes a look at the $1M property markets around Australia.\u00a0 The stats were compiled by Core Logic and we catch up with Cameron Kusher from Core Logic to discuss the results. Transcript: Kevin:\u00a0 An interesting look in the latest\u00a0Your...","og_url":"https:\/\/channels.realty.com.au\/realtytalk\/1m-property-markets-cameron-kusher\/","og_site_name":"Realty Talk","article_published_time":"2018-05-12T15:00:55+00:00","author":"rolanrush","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rolanrush","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/channels.realty.com.au\/realtytalk\/1m-property-markets-cameron-kusher\/#article","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/1m-property-markets-cameron-kusher\/"},"author":{"name":"rolanrush","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"headline":"$1M property markets \u2013 Cameron Kusher","datePublished":"2018-05-12T15:00:55+00:00","mainEntityOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/1m-property-markets-cameron-kusher\/"},"wordCount":582,"commentCount":0,"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/1m-property-markets-cameron-kusher\/#primaryimage"},"thumbnailUrl":"","keywords":["podcast"],"articleSection":["Buying a property","Finance","Kevin Turner","Kevin's Update","Latest Stories","Research","Sponsored Channels"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/channels.realty.com.au\/realtytalk\/1m-property-markets-cameron-kusher\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/channels.realty.com.au\/realtytalk\/1m-property-markets-cameron-kusher\/","url":"https:\/\/channels.realty.com.au\/realtytalk\/1m-property-markets-cameron-kusher\/","name":"$1M property markets \u2013 Cameron Kusher - Realty Talk","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/1m-property-markets-cameron-kusher\/#primaryimage"},"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/1m-property-markets-cameron-kusher\/#primaryimage"},"thumbnailUrl":"","datePublished":"2018-05-12T15:00:55+00:00","author":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"breadcrumb":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/1m-property-markets-cameron-kusher\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/channels.realty.com.au\/realtytalk\/1m-property-markets-cameron-kusher\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/channels.realty.com.au\/realtytalk\/1m-property-markets-cameron-kusher\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/channels.realty.com.au\/realtytalk\/1m-property-markets-cameron-kusher\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/channels.realty.com.au\/realtytalk\/"},{"@type":"ListItem","position":2,"name":"$1M property markets \u2013 Cameron Kusher"}]},{"@type":"WebSite","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website","url":"https:\/\/channels.realty.com.au\/realtytalk\/","name":"Realty Talk","description":"Your Trusted Voice For Property Investing. Anywhere, Anytime.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/channels.realty.com.au\/realtytalk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d","name":"rolanrush","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","caption":"rolanrush"},"url":"https:\/\/channels.realty.com.au\/realtytalk\/author\/rolanrush\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/21125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/users\/176692471"}],"replies":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/comments?post=21125"}],"version-history":[{"count":0,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/21125\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/media?parent=21125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/categories?post=21125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/tags?post=21125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}