Million dollar property sales continue to be on the rise

first_img901/21 Pixley St, Kangaroo Point is listed for offers of more than $4 million. Picture: realestate.com.auSELLING for more than $1 million has become more common with the proportion of sales for more that level now at record highs.While southern capitals have enjoyed a substantial lift in $1m plus sales, Brisbane’s market has also experienced a significant lift.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:47Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:47 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenMonthly Core Index – July00:47In the year to June 2017 nationally 23.2 per cent of house sales in capital cities and 10.8 per cent of unit sales were for more than $1 million.More from newsMould, age, not enough to stop 17 bidders fighting for this home1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor1 hour agoIn Brisbane 7.9 per cent of houses which sold in the year to June went for more than $1 million compared to ten years ago when only 2.4 per cent of house sales breached the barrier.Big ticket unit sales have not increased as substantially in the same period, with 2.8 per cent of unit sales in the year to June for more than $1 million compared to 2.4 per cent ten years ago. 22 Dover St, Hawthorne is listed for offers of more than $1 million. Picture: realestate.com.auCoreLogic analyst Cameron Kusher said with dwelling values continuing to climb he anticipated in another twelve months an even higher proportion of sales would be more for than $1 million.“The flip-side of this is that the ongoing increase in the proportion of residential properties selling in excess of $1 million highlights the ongoing deterioration in the availability of housing affordability,’’ he said.There were more than 1000 houses within the greater Brisbane area listed on realestate.com.au with an asking price of $1 million or more and 198 units.These range from an apartment at Kangaroo Point, seeking interest of more than $4 million to a four-bedroom home at Hawthorne seeking offers of more than $1 million.last_img

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