Rapidly rising property prices have pushed more than 160 suburbs and towns nationwide into the million-dollar club over the past year.
Queensland recorded the highest number of locations with median house prices that crossed over the seven-figure threshold, with 51 across metropolitan and regional areas, latest PropTrack data reveals.
NSW was hot on its heel with 41, followed by WA with 39, SA with 31 and Victoria with three.
There are now more than 1500 suburbs and towns across the country with a median house price of $1m or more.
MORE: Mapped: Aus suburbs that doubled the fastest
More than 160 suburbs and towns across the country have joined the million-dollar club in the past year. Picture: Jake Nowakowski.
MORE: All suburbs ranked in Aus’ best, worst areas
Industry leaders say several key factors were driving price growth – and they would continue to do so into the new year.
REA Group senior economist Anne Flaherty said while prices had dropped across some areas, they’d increased in more, with overall prices up in every capital city.
She said the inductees into the exclusive million-dollar group were broad.
“I think what’s really interesting to see is that there’s a really wide variety of suburbs,” she said.
“Overall we’re anticipating property prices are going to continue to rise in 2026 but we’re not predicting the same level of growth.”
Ms Flaherty said interest rates and government incentives, including the government’s 5 per cent deposit scheme for first-home buyers, played a large part in prices rising.
MORE: Named: Aus’ $60k homes, cheapest suburbs
REA Group senior economist Anne Flaherty.
“Interest rates look like they’re going to hold steady for longer now too,” she said.
The uptake in the 5 per cent deposit scheme was also bringing up prices in cheaper areas, she said, which raised major questions around affordability and what that looked like for the future.
“Less than one in five homes is considered affordable in a middle income family now,” Ms Flaherty said.
Ray White Group chief economist Nerida Conisbee said many first-home buyers were being forced to offer the highest amount they could before reaching their state’s cap to secure a home in areas considered cheap, which was ultimately making them unaffordable.
“We have seen some incredibly strong growth at that end of the market and a lot of it is being driven by the extended first-home buyer scheme,” she said.
“I know why people love that 5 per cent deposit scheme … but it is making it worse.
“It’s really expensive to build homes now too, which is pushing people into the established market.”
Ms Conisbee said more growth was expected in 2026, with the cheaper end of the market likely to continue outperforming other areas.
Ray White chief economist Nerida Conisbee.
New million-dollar suburbs in 2025
(Suburb, state, current median sale price, first month over $1m median)
Bardia, NSW – $1.002m, Jan 2025
Blair Athol, NSW – $1.075m, Nov 2024
Bonnyrigg, NSW – $1.17m, Nov 2024
Calderwood, NSW – $1,004,500, Oct 2025
Camden South, NSW – $1.02m July 2025
Carramar, NSW – $1.075m, April 2025
Colo Vale, NSW – $1.165m, July 2025
Crangan Bay, NSW – $1,175m, Feb 2025
Doonside, NSW – $1.01m, May 2025
Faulconbridge, NSW – $1.035m, June 2025
Gregory Hills, NSW – $1.05m, March 2025
Gulmarrad, NSW – $1.02m, Aug 2025
Hassall Grove, NSW – $1m, Sep 2025
Ingleburn, NSW – $1.035m, Aug 2025
Jewells, NSW – $1.05m, Sep 2025
Jordan Springs, NSW – $1.025m, July 2025
Kariong, NSW – $1.08m, May 2025
Kingswood, NSW – $1m, Oct 2025
Kotara South, NSW – $1.015m, Nov 2024
Lalor Park, NSW – $1.07m, Feb 2025
Lurnea, NSW – $1.05m, May 2025
Mayfield East, NSW – $1,068,500, July 2025
Narara, NSW – $1.05m, Sep 2025
Narellan, NSW – $1.02m, May 2025
Narellan Vale, NSW – $1.065m, April 2025
North Arm Cove, NSW – $1m, Feb 2025
North Narooma, NSW – $1.06m, May 2025
Rooty Hill, NSW – $1.026m, March 2025
South Penrith, NSW – $1.051m, May 2025
Spring Farm, NSW – $1.07m, Jan 2025
St Clair, NSW – $1.12m, Nov 2024
St Marys, NSW – $1.031m, July 2025
Tweed Heads South, NSW – $1.1m, May 2025
Uki, NSW – $1.13m, May 2025
Warners Bay, NSW – $1.08m, May 2025
Werrington, NSW – $1,002,500, Sep 2025
Werrington County, NSW – $1,002,500, Oct 2025
Werrington Downs, NSW – $1.055m, Aug 2025
Winmalee, NSW – $1,035,500, Sep 2025
Woodcroft, NSW – $1.07m, March 2025
Wyee, NSW – $1.015m, Aug 2025
Arana Hills, QLD – $1.075m, Jan 2025
Bannockburn, QLD – $1.13m, Feb 2025
Banyo, QLD – $1,087,500, April 2025
Barellan Point, QLD – $1m, May 2025
Battery Hill, QLD – $1.08m, March 2025
Beecher, QLD – $1,017,500, Oct 2025
Birtinya, QLD – $1.167m, Nov 2024
Bli Bli, QLD – $1.1m, April 2025
Blue Mountain Heights, QLD – $1m, Jan 2025
Brighton, QLD – $1.14m, Jan 2025
Canungra, QLD – $1.05m, July 2025
Cedar Vale, QLD – $1.035m, Sep 2025
Conondale, QLD – $1,072,500, Nov 2024
Coopers Plains, QLD – $1.07m, Feb 2025
Currimundi, QLD – $1,002,875, Sep 2025
Daisy Hill, QLD – $1,037,500, Feb 2025
Dayboro, QLD – $1.16m, Dec 2024
Everton Hills, QLD – $1.1m, Jan 2025
Ferny Hills, QLD – $1.04m, June 2025
Forest Glen, QLD – $1,087,500, Jan 2025
Gheerulla, QLD – $1.005m, Oct 2025
Glass House Mountains, QLD – $1,079,020, July 2025
Heathwood, QLD – $1,052,500, Dec 2024
Hemmant, QLD – $1,042,500, April 2025
Hodgson Vale, QLD – $1.18m, July 2025
Jimboomba, QLD – $1.091m, April 2025
Kensington Grove, QLD – $1.029m, Sep 2025
Keperra, QLD – $1,042,500, July 2025
Kuluin, QLD – $1.01m, Oct 2025
Marburg, QLD – $1.05m, July 2025
Middle Ridge, QLD – $1m, July 2025
Mount Cotton, QLD – $1.085, May 2025
Murrumba Downs, QLD – $1,042,500, June 2025
North Maclean, QLD – $1.225m, Nov 2024
North Ward, QLD – $1,187,500, Dec 2024
Oxenford, QLD – $1.115m, Feb 2025
Pacific Pines, QLD – $1.111m, Jan 2025
Palmwoods, QLD – $1.05m, Dec 2024
Pomona, QLD – $1.16m, Nov 2024
Redland Bay, QLD – $1.025m, Aug 2025
Rockyview, QLD – $1.04m, Oct 2025
Runcorn, QLD – $1.01m, Oct 2025
Scarborough, QLD – $1.15m, Dec 2024
Sunshine Acres, QLD – $1.1m, Nov 2024
Thornlands, QLD – $1.11m, Feb 2025
Underwood, QLD – $1.103m, Nov 2024
Victoria Point, QLD – $1,038,250, June 2025
Warner, QLD – $1.025m, Sep 2025
Woombye, QLD – $1m, June 2025
Woorim, QLD – $1,050,250, Feb 2025
Wynnum West, QLD – $1.121m, March 2025
Adelaide, SA – $1.01m, Oct 2025
Allenby Gardens, SA – $1,077,500, Nov 2024
Bellevue Heights, SA – $1.035m, June 2025
Blackwood, SA – $1.055m, May 2025
Broadview, SA – $1.04m, March 2025
Clapham, SA – $1.289m, Nov 2024
Eden Hills, SA – $1.09m, Sep 2025
Flinders Park, SA – $1.08m, Feb 2025
Gawler Belt, SA – $1.1m, June 2025
Gulfview Heights, SA – $1.015m, Sep 2025
Hampstead Gardens, SA – $1,012,500, May 2025
Hawthorndene, SA – $1,121,500, July 2025
Hectorville, SA – $1.08m, March 2025
Kidman Park, SA – $1.19m, Nov 2024
Littlehampton, SA – $1m, Sep 2025
Marden, SA – $1.36m, Dec 2024
Melrose Park, SA – $1.049m, Feb 2025
Mile End, SA – $1,05m, Feb 2025
North Plympton, SA – $1.02m, Sep 2025
Ovingham, SA – $1.005m, May 2025
Panorama, SA – $1,192,500, Dec 2024
Plympton ParkSA$1,050,000Aug-2025
Rostrevor, SA – $1,072,500 Jan 2025
South Plympton, SA – $1.005m, Oct 2025
Torrensville, SA – $1.055m, Nov 2024
Underdale, SA – $1.09m, April 2025
Upper Sturt, SA – $1.15m, Jan 2025
Walkley Heights, SA – $1.01m, Sep 2025
Warradale, SA – $1.147m, April 2025
Welland, SA – $1,032,500, Jan 2025
Woodville, SA – $1.2m, April 2025
Bittern, VIC – $1.11, Jan 2025
Carrum, VIC – $1.025m, May 2025
Gembrook, VIC – $1,012,300, March 2025
Abbey, WA – $1.55m, Nov 2024
Barragup, WA – $1,222,500, Nov 2024
Bayswater, WA – $1.08m, May 2025
Bedford, WA – $1,025m April 2025
Bouvard, WA – $1.095m, Dec 2024
Brentwood, WA – $1,187,500, May 2025
Bushmead, WA – $1.05m, Aug 2025
Carmel, WA – $1.55m, Nov 2024
Cowaramup, WA – $1.065, Jan 2025
Darch, WA – $1m, June 2025
Dardanup West, WA – $1.01m, Aug 2025
Dianella, WA – $1.02m, July 2025
East Victoria Park, WA – $1,065,500, April 2025
Gelorup, WA – $1m, Sep 2025
Hilton, WA – $1,021,600, Sep 2025
Jarrahdale, WA – $1.05m, April 2025
Joondanna, WA – $1,042,500, March 2025
Kalamunda, WA – $1,077,500, June 2025
Kardinya, WA – $1.1m, March 2025
Kingsley, WA – $1.046m, April 2025
Lake Clifton, WA – $1.25m, Jan 2025
Lake Coogee, WA – $1.045m, March 2025
Lathlain, WA – $1.2m, Jan 2025
Lesmurdie, WA – $1.12m, May 2025
Lower Chittering, WA – $1.16m, Jan 2025
Madeley, WA – $1m, July 2025
Maylands, WA – $1,153,500, March 2025
Mundaring, WA – $1.05m, Nov 2024
North Lake, WA – $1.005m, Dec 2024
North Yunderup, WA – $1.035, Aug 2025
Padbury, WA – $1.01m, Oct 2025
Parkerville, WA – $1.1m, Jan 2025
Roleystone, WA – $1m, Oct 2025
Samson, WA – $1.02m, July 2025
Serpentine, WA – $1.2m, April 2025
The Vines, WA – $1.065m, Dec 2024
Woodbridge, WA – $1.06m, July 2025
Woodvale, WA – $1,152,500, Jan 2025
Yokine, WA – $1.02m, March 2025
Source: PropTrack (Data is to October 2025)
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