Overview
- Cotality reports national dwelling values have climbed 46.8% in recent years, swelling the share of seven‑figure suburbs.
- Over the past year, 63 regional markets joined the million‑dollar club, with Queensland adding 37 new entrants across Greater Brisbane and inland centres.
- Perth now counts 129 of its 350 suburbs with medians above $1 million after 20 more joined, and regional WA doubled its million‑dollar markets to 12.
- Sydney remains the most expensive capital with a $1.24 million median, while Canberra's median sits around $1.02 million.
- Cotality warns affordability is deteriorating, estimating an average‑income household would allocate over 50% of pre‑tax earnings to service a $1 million mortgage with a 20% deposit.