Australian Banks Top Global List & Number Of Million-Dollar Suburbs Soars In Wake Of Housing Boom

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%.

Property Club members have continued to benefit from our extensive Research and more, with 5,000+ members in our Millionaires Club!

Property Club members are having a lot of success with Club research assisting them to acquire a residential property portfolio, that will give them more choices in retirement!

Make sure you contact your Property Mentor to assist you to catch the wave as well!

Have a great weekend and catch you next week!

Warm Regards,

Troy Gunasekera

National Manager

Property Club