A million dollar property in Australia used to be a big deal, and in some areas it still is, however if you’re looking to get onto the property ladder in the blue-chip suburbs of Sydney and Melbourne, the million-dollar price tag isn’t going to get you a great deal. The median price home in Sydney, according to CoreLogic at the end of 2019 was $973,664, while the median price in Melbourne was $778,649. As you see, a million dollars isn’t going to get you into a mansion in either city.
This week we take a lot further afield to explore exactly what the magical million dollars can buy you in other popular cities across the globe.
LoanSuite Pty Ltd is your lending partner for all of your home loan, investment property, business and commercial financing needs. With our wide range of lending solutions, expertise in financial planning and investment strategies, and extensive experience in working with both Australian residents and Australian expats, we are your partners for your lending needs.
Book an obligation-free, complimentary consultation here today.
LoanSuite Pty Ltd is an Authorised Credit Representative (Credit Representative Number – 494608) of My Local Broker (Australian Credit License – 481374). Important Disclaimer: Your complete financial situation will need to be assessed before acceptance of any proposal or product.