Australia’s Million-Dollar House Club Shrinking

 Hi Everyone,

Luxury real estate in Australia has always been stable. However, there have been some changes which are affecting prices lately. The pandemic was the time when the whole thing began. Most wealthy people started looking for premium homes to spend the lockdowns in a house that fulfilled all needs of entertainment. Since the prices were high in cities, they looked at suburbs and regional areas to find such homes. It led to a boom and sent them into the million-dollar club. However, the current situation has brought the spotlight back on the cities and the regional areas are no longer tempting for wealthy buyers. Here is an article that will tell you how these suburbs got ousted from the club.    

https://www.milliondollarmansions.com.au/blogs/australias-million-dollar-house-club-shrinking/