Turns out a million dollars doesn't buy you exclusivity anymore. Data from real estate research firm CoreLogic shows the number of suburbs where homes command a median price of at least $1 million has surged in the wake of the four-year long housing boom.
There were 613 million-dollar suburbs across Australia by the end of June, 29 per cent more than a year earlier as declining interest rates and demand from property investors pushed up prices, according to a CoreLogic report that was published on Thursday.
NAB now sees two more RBA rate cuts and 'the possibility of unconventional monetary policy'
Pleasing news for all home owners is the new from NAB that :
National Australia Bank’s economics team have done an abrupt about-face on the outlook for Australian interest rates, calling for two further 25 basis point cuts from the Reserve Bank of Australia (RBA) next year, taking Australia’s cash rate to just 1%.
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Troy Gunasekera
National Manager
Property Club
For investors looking to maximise capital growth without the premium price tag, second-tier suburbs – those located just outside the most prestigious postcodes can offer an appealing alternative. These areas often benefit from the same lifestyle appeal and proximity to key amenities as their high-profile neighbours,...
For property investors, the allure of premium suburbs has always been clear, but the reasons these areas continue to outperform the broader market go far beyond just status and prestige. Despite higher entry costs, these blue-chip locations offer unique advantages that make them a valuable part of a well-rounded...
WA leads the charge The latest CommSec State of the States report for April 2025 is in, and it's clear some states are pulling ahead in the economic race. For investors, this isn’t just interesting reading — it’s a blueprint for where smart money is going. Western Australia has taken out the top spot for the third...
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