Top 10 suburbs with a million dollar price tag: Suburb Trends
Out of the top 10, NSW boasts six suburbs, with regional areas dominating the list.
The Suburb Trends report scores suburbs based on evaluating six current market statistics:
Total building approvals - measuring pipeline supply looks high compared to the count of properties in the area.
Current inventory levels - total average listings and average sales.
Days on market - total cumulative days it takes to sell a property.
Vacancy rates - total rental listings that are advertised for 21 days or more vs. total properties rented by real-estate agents.
Yield - The advertised rental median for houses compared with median sale price for houses. It also gives an indication of the rental market strength across the broader area.
Rental price trend - The 12m change (%) in advertised rental medians for houses.
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Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.
| Lender | Home Loan | Interest Rate | Comparison Rate* | Monthly Repayment | Repayment type | Rate Type | Offset | Redraw | Ongoing Fees | Upfront Fees | Max LVR | Lump Sum Repayment | Extra Repayments | Split Loan Option | Tags | Features | Link | Compare | Promoted Product | Disclosure |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5.94% p.a. | 5.98% p.a. | $2,978 | Principal & Interest | Variable | $0 | $530 | 90% |
| Promoted | Disclosure | ||||||||||
5.89% p.a. | 5.80% p.a. | $2,962 | Principal & Interest | Variable | $0 | $0 | 80% |
| Promoted | Disclosure | ||||||||||
5.99% p.a. | 6.02% p.a. | $2,995 | Principal & Interest | Fixed | $0 | $0 | 60% |
| Promoted | Disclosure | ||||||||||
5.93% p.a. | 5.93% p.a. | $2,975 | Principal & Interest | Variable | $0 | $395 | 70% | Disclosure |
Top 10 suburbs with median price of $1m:
1. Terranora, NSW
House median asking price: $1,016,200
House median asking price (12m ago): $795,000
"The current housing market for Terranora would be considered a sellers market with conditions relatively stronger compared to 3-months ago," the report said.
"The time taken to sell a house (days-on-market) currently is 44. This has decreased from 83 days 12-months ago.
"The median house asking price for Terranora is $1,016,200. Using the Tweed Valley Sa3 regional data, we estimate a 32% change in median sale prices in the last 12-months."
2. New Lambton, NSW
House median asking price: $1,020,320
House median asking price (12m ago): $790,000
"The time taken to sell a house (days-on-market) currently is 23. This has decreased from 38 days 12-months ago," the report said.
"The median house asking price for New Lambton is $1,020,320. Using the Newcastle Sa3 regional data, we estimate a 26% change in median sale prices in the last 12-months."
3. Lisarow, NSW
House median asking price: $1,100,000
House median asking price (12m ago): $806,000
"The median house asking price for Lisarow is $1,100,000," the report said.
"Using the Gosford Sa3 regional data, we estimate a 32% change in median sale prices in the last 12-months.
"The median house rent price for Lisarow is $650. Using the Gosford Sa3 regional data, we estimate a 18% change in median rent prices in the last 12-months."
4. Sapphire Beach, NSW
House median asking price: $1,130,000
House median asking price (12m ago): $862,881
"Using the Coffs Harbour Sa3 regional data, we estimate a 29% change in median sale prices in the last 12-months," the report said.
"The median house rent price for Sapphire Beach is $650. Using the Coffs Harbour Sa3 regional data, we estimate a 17% change in median rent prices in the last 12-months."
5. Leura, NSW
House median asking price: $1,137,120
House median asking price (12m ago): $880,000
The report said the median house price has risen 22% in the last year.
"The time taken to sell a house (days-on-market) currently is 30. This has decreased from 66 days 12-months ago."
6. Bonogin, QLD
House median asking price: $1,150,000
House median asking price (12m ago): $895,000
The report said the time taken to sell a house (days-on-market) currently is 29, down from 52 days 12-months ago.
"The median house asking price for Bonogin is $1,150,000. Using the Mudgeeraba - Tallebudgera Sa3 regional data, we estimate a 25% change in median sale prices in the last 12-months."
7. Tallai, QLD
House median asking price: $1,200,000
House median asking price (12m ago): $940,000
The report said Tallai is currently a strong sellers market.
"The time taken to sell a house (days-on-market) currently is 35. This has decreased from 58 days 12-months ago.
"We estimate a 26% change in median sale prices in the last 12-months."
8. Balnarring, VIC
House median asking price: $1,200,000
House median asking price (12m ago): $940,000
The report said the current housing market for Balnarring would be considered a strong sellers market with conditions relatively stable compared to 3-months ago.
"The time taken to sell a house (days-on-market) currently is 18. This has decreased from 34 days 12-months ago.
"We estimate a 23% change in median sale prices in the last 12-months."
9. Terrigal, NSW
House median asking price: $1,368,550
House median asking price (12m ago): $969,000
The report said Terrigal has a solid average monthly sale volume with 22 average house(s) sold per month.
"Using the Gosford Sa3 regional data, we estimate a 32% change in median sale prices in the last 12-months."
10. Currumbin, QLD
House median asking price: $1,450,000
House median asking price (12m ago): $1,095,000
"The median house asking price for Currumbin is $1,450,000," the report said.
"Using the Coolangatta Sa3 regional data, we estimate a 35% change in median sale prices in the last 12-months."