{"id":9138,"date":"2016-08-25T15:00:47","date_gmt":"2016-08-25T05:00:47","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=9138"},"modified":"2016-08-25T15:00:47","modified_gmt":"2016-08-25T05:00:47","slug":"suburbs-with-million-dollar-medians","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/suburbs-with-million-dollar-medians\/","title":{"rendered":"Suburbs with million-dollar medians – John McGrath"},"content":{"rendered":"

 
\nIn his column in\u00a0Switzer<\/a>, John McGrath discusses which suburbs have\u00a0million-dollar medians.\u00a0<\/strong><\/p>\n

HERE\u2019S WHAT HE HAD TO SAY:<\/h4>\n

During my 30 years in real estate, I\u2019ve seen a lot of changes in the marketplace.\u00a0\"mcgrath\"<\/a>
\nAs a young agent in Sydney back in the 1980s, if I was dealing with a millionaire client, I was dealing with someone from the upper echelon of society.
\nSome type of high-profile businessperson, investor, or someone with family money.
\nToday, in most cases, one million dollars is the typical budget for a family home.
\nAnd according to new statistics, it\u2019s also the median price in 613 suburbs nationwide.<\/strong>
\nIndependent analysts, CoreLogic, have just released their latest stats on\u00a0suburbs with million-dollar medians<\/a>.
\nThey looked at the median sale price of every suburb across Australia and found that there were 613 suburbs with a median value of at least $1m \u2013 more than double the number of suburbs in 2013 and 29% more than last year.
\nAmong the 613 suburbs, 570 had a median house price above $1m and 43 had a median apartment price above $1m.
\n(By the way, to keep things accurate, CoreLogic only included suburbs that had recorded at least 100 sales.)<\/p>\n

WHAT HAPPENED?<\/h4>\n

Well, a boom happened.
\nA massive one.
\n\"house
\nIn fact, the latest numbers put the increase in property values over the past four years since this current growth cycle began at 61.3% for\u00a0Sydney property market<\/a>, and 42% for\u00a0Melbourne property market<\/a>.
\nTasmania remains the only state with not a single suburb median above $1m.<\/strong>
\nIn terms of the states with the highest number of $1m suburbs, of course New South Wales leads with 418, followed by 102 in Victoria, 44 in Western Australia, 19 in Queensland, 15 in South Australia, 12 in the Australian Capital Territory and three in the Northern Territory.
\nNo wonder they\u2019re getting more enquiries down there from Sydney and Melbourne downsizers who are keen to escape the expensive capital cities for gorgeous scenery and a cooler climate.
\nLet\u2019s take a look at the Top 25 suburbs with the highest median prices in Australia.<\/strong>
\nOnly two are outside Sydney \u2013 Toorak in Victoria and Peppermint Grove in Western Australia.<\/p>\n

Top 25 most expensive suburbs<\/strong><\/p>\n

\"JM\"<\/p>\n

TO ROUND OUT THE NATIONAL PICTURE:<\/h4>\n
    \n
  • The most expensive suburb in Queensland is Teneriffe (median $1.645m for houses)<\/li>\n
  • The most expensive suburb in South Australia is Springfield (median $1.737m for houses)<\/li>\n
  • \"locationThe most expensive suburb in the Northern Territory is Larrakeyah (median $1.197m for houses)<\/li>\n
  • The most expensive suburb in the Australian Capital Territory is Forrest (median $2.068m for houses)<\/li>\n<\/ul>\n

    CoreLogic also tells us that the number of homes selling for $2 million or more is on the rise.
    \nWhen the growth cycle started in mid-2012, there had been 4,103 sales of $2 m or more across 884 suburbs in the preceding 12 months.
    \nBy comparison, in the year to March 2016, there were 11,648 sales across 1,437 suburbs.<\/strong>
    \nSo what does all of this mean?
    \nOn the one side, there\u2019s the affordability issue \u2013 yes, it\u2019s getting worse in Sydney.
    \nOn the flipside, the rising number of million dollar suburbs means rising wealth for home owners. So in my mind, being a property owner certainly has its rewards.
    \n <\/p>\n","protected":false},"excerpt":{"rendered":"

      In his column in\u00a0Switzer, John McGrath discusses which suburbs have\u00a0million-dollar medians.\u00a0 HERE\u2019S WHAT HE HAD TO SAY: During my 30 years in real estate, I\u2019ve seen a lot of changes in the marketplace.\u00a0 As a young agent in Sydney back in the 1980s, if…<\/p>\n","protected":false},"author":176692471,"featured_media":9170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13,17,27],"tags":[],"class_list":["post-9138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-story","category-property-investment","category-trends-topic"],"yoast_head":"\nSuburbs with million-dollar medians - John McGrath - 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\/suburbs-with-million-dollar-medians\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suburbs with million-dollar medians - John McGrath - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"  In his column in\u00a0Switzer, John McGrath discusses which suburbs have\u00a0million-dollar medians.\u00a0 HERE\u2019S WHAT HE HAD TO SAY: During my 30 years in real estate, I\u2019ve seen a lot of changes in the marketplace.\u00a0 As a young agent in Sydney back in the 1980s, if...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/suburbs-with-million-dollar-medians\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-25T05:00:47+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\\\/suburbs-with-million-dollar-medians\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/suburbs-with-million-dollar-medians\\\/\"},\"author\":{\"name\":\"rolanrush\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"headline\":\"Suburbs with million-dollar medians – John McGrath\",\"datePublished\":\"2016-08-25T05:00:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/suburbs-with-million-dollar-medians\\\/\"},\"wordCount\":524,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/suburbs-with-million-dollar-medians\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Latest Stories\",\"Property Investment Topics\",\"Trends\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/suburbs-with-million-dollar-medians\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/suburbs-with-million-dollar-medians\\\/\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/suburbs-with-million-dollar-medians\\\/\",\"name\":\"Suburbs with million-dollar medians - John McGrath - Realty Talk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/suburbs-with-million-dollar-medians\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/suburbs-with-million-dollar-medians\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2016-08-25T05:00:47+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/suburbs-with-million-dollar-medians\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/suburbs-with-million-dollar-medians\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/suburbs-with-million-dollar-medians\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/suburbs-with-million-dollar-medians\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Suburbs with million-dollar medians – John McGrath\"}]},{\"@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":"Suburbs with million-dollar medians - John McGrath - 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\/suburbs-with-million-dollar-medians\/","og_locale":"en_US","og_type":"article","og_title":"Suburbs with million-dollar medians - John McGrath - Realty Talk","og_description":"  In his column in\u00a0Switzer, John McGrath discusses which suburbs have\u00a0million-dollar medians.\u00a0 HERE\u2019S WHAT HE HAD TO SAY: During my 30 years in real estate, I\u2019ve seen a lot of changes in the marketplace.\u00a0 As a young agent in Sydney back in the 1980s, if...","og_url":"https:\/\/channels.realty.com.au\/realtytalk\/suburbs-with-million-dollar-medians\/","og_site_name":"Realty Talk","article_published_time":"2016-08-25T05:00:47+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\/suburbs-with-million-dollar-medians\/#article","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/suburbs-with-million-dollar-medians\/"},"author":{"name":"rolanrush","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"headline":"Suburbs with million-dollar medians – John McGrath","datePublished":"2016-08-25T05:00:47+00:00","mainEntityOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/suburbs-with-million-dollar-medians\/"},"wordCount":524,"commentCount":0,"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/suburbs-with-million-dollar-medians\/#primaryimage"},"thumbnailUrl":"","articleSection":["Latest Stories","Property Investment Topics","Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/channels.realty.com.au\/realtytalk\/suburbs-with-million-dollar-medians\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/channels.realty.com.au\/realtytalk\/suburbs-with-million-dollar-medians\/","url":"https:\/\/channels.realty.com.au\/realtytalk\/suburbs-with-million-dollar-medians\/","name":"Suburbs with million-dollar medians - John McGrath - Realty Talk","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/suburbs-with-million-dollar-medians\/#primaryimage"},"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/suburbs-with-million-dollar-medians\/#primaryimage"},"thumbnailUrl":"","datePublished":"2016-08-25T05:00:47+00:00","author":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"breadcrumb":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/suburbs-with-million-dollar-medians\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/channels.realty.com.au\/realtytalk\/suburbs-with-million-dollar-medians\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/channels.realty.com.au\/realtytalk\/suburbs-with-million-dollar-medians\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/channels.realty.com.au\/realtytalk\/suburbs-with-million-dollar-medians\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/channels.realty.com.au\/realtytalk\/"},{"@type":"ListItem","position":2,"name":"Suburbs with million-dollar medians – John McGrath"}]},{"@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\/9138","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=9138"}],"version-history":[{"count":0,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/9138\/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=9138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/categories?post=9138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/tags?post=9138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}