More suburbs with A$1m houses on Australia's map
Hong Kong
THE number of Australian suburbs where homes command a median A$1 million (S$1.02 million) price has surged in the wake of a four-year-long housing boom driven by declining interest rates and demand from investors.
Suburbs nationwide where the median value is at least A$1 million jumped 29 per cent to 613 in the year ended June, and more than doubled over the past three years, according to a report from real estate research firm CoreLogic Inc on Thursday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Hong Kong property deals hit three-year high in April
More homes planned in Media Circle to support housing demand
Qatari Sheikh sells London mansion to fellow royal for £39 million
Toronto home sales fall for third month in April; prices rise
Far East Shopping Centre owners in private talks after close of S$928 million en bloc tender
US mortgage rates up for fifth week at 7.22%