Here's the latest in a long line of mind-blowing statistics about Australian property prices [The Business Insider]
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Source: The Business Insider
Here's the latest in a long line of mind-blowing statistics about Australian property prices The number of million-dollar homes in Australia's major cities continues to increase, the latest research from CoreLogic shows. CoreLogic analyst Cameron Kusher has run some numbers on Australian property sales for the 12 months to June 30, with a focus on the magical seven-figure mark. "Over the 12 months to June 2017, 23.2% of all houses and 10.8% of all units sold in capital cities were sold for at least $1 million," Kusher. Not surprisingly, Sydney easily topped the standings for million-dollar home sales among Australia's major capitals. According to Kusher, 47.8% of houses in Sydney sold for at least $1 million. 21% of unit sales also cleared the seven-figure mark. To put last financial year's sales in perspective, Kusher included a table showing comparative million-dollar sales from 10 and 20 years ago. Back in 1997, million dollar property sales were a rare occurrence -- just 0.6% of h
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