Canterbury-Bankstown kicks off with two suburbs in Sydney's $1 million house median club

Canterbury-Bankstown kicks off with two suburbs in Sydney's $1 million house median club
Canterbury-Bankstown kicks off with two suburbs in Sydney's $1 million house median club

Another 31 suburbs have joined, perhaps temporarily, Sydney's million-dollar median house club, new figures from Australian Property Monitors show.

Sydney's northern beaches have eight suburbs with fresh seven-figure medians.

They include Warriewood, with a median house price of $1,077,000; North Narrabeen's median house price at $1,002,500, and Davidson with a $1,138,000 median.

One of the last inner city suburbs to break the barrier was Darlington at $1,026,000.

Dr Andrew Wilson, the senior economist at the Domain Group, noted the Canterbury-Bankstown region featured on the list for the first time.

Ashbury and Hurlstone Park have medians above $1 million.

APM noted in the first half of the year the median house price for the Canterbury-Bankstown region increased by 8.3% to a record $720,000 high.

There 123 suburbs in the club in 2013.

Then 170 suburbs with a $1 million median house price, according to Australian Property Monitors, from sales data over the six months to March this year.

Back in 1993 there were just five harbourfront suburbs.

A decade later there were 69 suburbs in million dollar territory. 

It is now more than one in five suburbs.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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