In 2021 we experienced a once-in-a-generation property boom that resulted in almost 400 suburbs joining the million-dollar club around Australia.
In other words, their median price was over $1 million
Based on CoreLogic data published in The Australian NSW had the biggest representation on the list, totaling 176 locations, with many centred around southwest Sydney and the state’s Central Coast.
While Sydney's median property value increased by 25.8% over the last year, as you'll see in the table below, property values in some top-performing suburbs increased by more than 40%, while many suburbs had more than 30% increase in value.
And interestingly many of these suburbs were traditionally more affordable working-class areas.
- Also read:The latest Corelogic Rental Market Report
- Also read:The Boom and Bust of our Property Cycles: A Journey Through the Investor’s Mind
- Also read:Perth housing market update | April 2024
- Also read:Latest property price forecasts for 2024 revealed. What’s ahead in our housing markets in the next year or two?
- Also read:Sydney housing market update | April 2024
Here are the Greater Sydney suburbs that joined the million-dollar club.
| SA4 |
Suburb |
Median value (current) |
Median value (12m ago) |
Annual change |
Month values reached $1m |
|---|---|---|---|---|---|
| Central Coast | Chittaway Point | $1,068,890 | $761,539 | 40.4% | |
| Sydney - Baulkham Hills and Hawkesbury | Box Hill | $1,292,340 | $923,784 | 39.9% | |
| Sydney - Sutherland | Loftus | $1,384,638 | $994,710 | 39.2% | Feb-21 |
| Central Coast | Umina Beach | $1,095,576 | $787,246 | 39.2% | Sep-21 |
| Central Coast | Davistown | $1,166,821 | $841,563 | 38.6% | May-21 |
| Sydney - Sutherland | Engadine | $1,322,475 | $968,783 | 36.5% | Mar-21 |
| Central Coast | the Entrance North | $1,051,192 | $771,508 | 36.3% | |
| Sydney - Sutherland | Heathcote | $1,296,148 | $952,533 | 36.1% | |
| Sydney - Northern Beaches | Manly Vale | $1,260,830 | $927,859 | 35.9% | |
| Central Coast | Blackwall | $1,078,953 | $794,626 | 35.8% | Sep-21 |
| Central Coast | Kincumber | $1,074,625 | $792,001 | 35.7% | Sep-21 |
| Central Coast | Magenta | $1,325,211 | $976,786 | 35.7% | |
| Sydney - Northern Beaches | Brookvale | $1,153,419 | $854,761 | 34.9% | May-21 |
| Central Coast | Long Jetty | $1,060,786 | $786,428 | 34.9% | |
| Central Coast | Bateau Bay | $1,014,142 | $752,377 | 34.8% | Nov-21 |
| Central Coast | Shelly Beach | $1,241,073 | $921,820 | 34.6% | May-21 |
| Central Coast | Blue Bay | $1,069,928 | $795,897 | 34.4% | Oct-21 |
| Central Coast | Lisarow | $1,122,567 | $835,934 | 34.3% | Aug-21 |
| Central Coast | Tascott | $1,009,390 | $753,885 | 33.9% | Nov-21 |
| Central Coast | Booker Bay | $1,154,137 | $862,902 | 33.8% | |
| Central Coast | Green Point | $1,207,560 | $906,205 | 33.3% | May-21 |
| Central Coast | Saratoga | $1,224,033 | $918,824 | 33.2% | Apr-21 |
| Central Coast | Empire Bay | $1,265,255 | $951,195 | 33.0% | |
| Central Coast | Ettalong Beach | $1,015,124 | $765,418 | 32.6% | Nov-21 |
| Central Coast | Erina | $1,240,332 | $938,729 | 32.1% | |
| Sydney - South West | Leppington | $1,058,623 | $801,533 | 32.1% | |
| Sydney - Parramatta | Old Toongabbie | $1,191,187 | $902,318 | 32.0% | May-21 |
| Sydney - Northern Beaches | Dee Why | $1,161,568 | $883,271 | 31.5% | Jun-21 |
| Sydney - Outer South West | Harrington Park | $1,270,909 | $967,261 | 31.4% | Apr-21 |
| Sydney - Outer West and Blue Mountains | Glenbrook | $1,120,271 | $857,713 | 30.6% | Jun-21 |
| Sydney - Ryde | Gladesville | $1,285,020 | $987,690 | 30.1% | |
| Sydney - Outer South West | the Oaks | $1,063,857 | $823,723 | 29.2% | |
| Sydney - Parramatta | Constitution Hill | $1,211,113 | $938,202 | 29.1% | |
| Central Coast | Koolewong | $1,048,694 | $812,638 | 29.0% | |
| Sydney - Blacktown | Marsden Park | $1,045,389 | $814,565 | 28.3% | |
| Sydney - Inner South West | Milperra | $1,169,895 | $912,210 | 28.2% | Apr-21 |
| Sydney - Outer South West | Glen Alpine | $1,026,005 | $801,095 | 28.1% | Oct-21 |
| Sydney - Eastern Suburbs | Centennial Park | $1,109,763 | $871,032 | 27.4% | |
| Sydney - Outer South West | Wilton | $1,119,390 | $879,217 | 27.3% | |
| Sydney - Sutherland | Miranda | $1,147,876 | $902,948 | 27.1% | Feb-21 |
| Sydney - Outer South West | Picton | $1,042,888 | $821,198 | 27.0% | |
| Sydney - North Sydney and Hornsby | Lane Cove | $1,144,537 | $901,707 | 26.9% | Mar-21 |
| Sydney - Outer South West | Oakdale | $1,010,840 | $797,056 | 26.8% | Nov-21 |
| Sydney - Outer South West | Appin | $1,020,872 | $805,595 | 26.7% | Nov-21 |
| Sydney - Blacktown | Acacia Gardens | $1,194,519 | $943,539 | 26.6% | May-21 |
| Sydney - Ryde | Marsfield | $1,129,175 | $892,949 | 26.5% | May-21 |
| Sydney - Outer South West | Elderslie | $1,019,358 | $806,682 | 26.4% | Nov-21 |
| Sydney - Blacktown | Kings Park | $1,011,546 | $800,986 | 26.3% | Oct-21 |
| Sydney - Parramatta | Telopea | $1,086,084 | $862,162 | 26.0% | |
| Sydney - Outer South West | Denham Court | $1,060,140 | $842,657 | 25.8% | Sep-21 |
| Sydney - Outer West and Blue Mountains | Silverdale | $1,027,782 | $817,373 | 25.7% | Nov-21 |
| Sydney - Blacktown | Schofields | $1,152,512 | $919,727 | 25.3% | May-21 |
| Sydney - Blacktown | Colebee | $1,156,872 | $925,142 | 25.0% | Apr-21 |
| Sydney - Inner South West | Birrong | $1,033,600 | $826,830 | 25.0% | |
| Sydney - Inner South West | Ramsgate | $1,139,931 | $913,166 | 24.8% | |
| Sydney - North Sydney and Hornsby | Artarmon | $1,128,693 | $905,100 | 24.7% | Apr-21 |
| Sydney - South West | Gregory Hills | $1,045,045 | $840,797 | 24.3% | Oct-21 |
| Sydney - Inner South West | Bass Hill | $1,077,955 | $867,743 | 24.2% | Jul-21 |
| Sydney - Inner West | Hurlstone Park | $1,038,380 | $838,104 | 23.9% | |
| Sydney - Sutherland | Cronulla | $1,237,815 | $999,340 | 23.9% | Mar-21 |
| Sydney - Inner South West | Georges Hall | $1,108,148 | $895,385 | 23.8% | Jun-21 |
| Sydney - Inner South West | Condell Park | $1,121,280 | $906,141 | 23.7% | May-21 |
| Sydney - City and Inner South | Eastgardens | $1,073,671 | $868,418 | 23.6% | |
| Sydney - Outer South West | Macquarie Links | $1,140,541 | $925,804 | 23.2% | Jun-21 |
| Sydney - Blacktown | Toongabbie | $1,039,267 | $844,416 | 23.1% | Sep-21 |
| Sydney - Ryde | Epping | $1,098,015 | $897,164 | 22.4% | |
| Sydney - South West | Wattle Grove | $1,059,003 | $866,844 | 22.2% | Sep-21 |
| Sydney - Baulkham Hills and Hawkesbury | Wilberforce | $1,096,964 | $898,898 | 22.0% | Sep-21 |
| Sydney - South West | Oran Park | $1,069,727 | $876,713 | 22.0% | |
| Sydney - South West | Casula | $1,018,475 | $834,741 | 22.0% | Nov-21 |
| Sydney - South West | Chipping Norton | $1,197,827 | $981,822 | 22.0% | Mar-21 |
| Sydney - South West | West Hoxton | $1,116,517 | $915,395 | 22.0% | |
| Sydney - Inner South West | South Hurstville | $1,093,953 | $897,522 | 21.9% | Jul-21 |
| Sydney - Eastern Suburbs | Kensington | $1,165,369 | $956,150 | 21.9% | May-21 |
| Sydney - Parramatta | Regents Park | $1,050,547 | $862,826 | 21.8% | |
| Sydney - Baulkham Hills and Hawkesbury | Kurrajong Heights | $1,025,739 | $842,569 | 21.7% | Nov-21 |
| Sydney - City and Inner South | Botany | $1,059,134 | $870,014 | 21.7% | May-21 |
| Sydney - South West | Cobbitty | $1,043,834 | $858,110 | 21.6% | Oct-21 |
| Sydney - Inner South West | Villawood | $1,009,996 | $830,676 | 21.6% | Aug-21 |
| Sydney - South West | Moorebank | $1,136,930 | $935,097 | 21.6% | Jun-21 |
| Sydney - Inner South West | Greenacre | $1,189,346 | $978,305 | 21.6% | Mar-21 |
| Sydney - Inner South West | Monterey | $1,002,003 | $827,045 | 21.2% | Nov-21 |
| Sydney - City and Inner South | Camperdown | $1,116,880 | $922,767 | 21.0% | Jun-21 |
| Sydney - Inner West | Liberty Grove | $1,079,053 | $891,847 | 21.0% | |
| Sydney - South West | Elizabeth Hills | $1,106,956 | $915,005 | 21.0% | Oct-21 |
| Sydney - Inner South West | Yagoona | $1,058,521 | $875,291 | 20.9% | Jul-21 |
| Sydney - Blacktown | Kings Langley | $1,178,389 | $975,117 | 20.8% | May-21 |
| Sydney - South West | Gledswood Hills | $1,101,682 | $912,901 | 20.7% | Sep-21 |
| Sydney - South West | Hammondville | $1,017,814 | $844,758 | 20.5% | Nov-21 |
| Sydney - South West | Edmondson Park | $1,027,869 | $854,222 | 20.3% | Oct-21 |
| Sydney - Parramatta | Northmead | $1,157,174 | $962,203 | 20.3% | Apr-21 |
| Sydney - South West | Holsworthy | $1,029,531 | $856,269 | 20.2% | Oct-21 |
| Sydney - Parramatta | Girraween | $1,005,349 | $840,669 | 19.6% | |
| Sydney - Outer West and Blue Mountains | Leonay | $1,098,465 | $919,605 | 19.4% | Jun-21 |
| Sydney - City and Inner South | Erskineville | $1,165,015 | $978,195 | 19.1% | Feb-21 |
| Sydney - Ryde | West Ryde | $1,013,989 | $851,547 | 19.1% | Oct-21 |
| Sydney - City and Inner South | Surry Hills | $1,119,605 | $940,775 | 19.0% | May-21 |
| Sydney - City and Inner South | Elizabeth Bay | $1,158,533 | $980,886 | 18.1% | Mar-21 |
| Sydney - City and Inner South | Alexandria | $1,069,469 | $910,355 | 17.5% | Jun-21 |
| Sydney - South West | Carnes Hill | $1,041,111 | $887,767 | 17.3% | Oct-21 |
| Sydney - City and Inner South | Banksmeadow | $1,023,013 | $873,433 | 17.1% | Aug-21 |
| Sydney - Parramatta | Greystanes | $1,065,629 | $911,087 | 17.0% | Jun-21 |
| Sydney - Parramatta | Berala | $1,056,613 | $906,757 | 16.5% | Jul-21 |
| Sydney - North Sydney and Hornsby | St Leonards | $1,132,267 | $973,343 | 16.3% | Jan-21 |
| Sydney - City and Inner South | Potts Point | $1,097,835 | $947,272 | 15.9% | May-21 |
| Sydney - City and Inner South | Rushcutters Bay | $1,068,680 | $925,650 | 15.5% | Jun-21 |
| Sydney - Parramatta | Sefton | $1,021,350 | $893,312 | 14.3% | Sep-21 |
| Sydney - Parramatta | South Wentworthville | $1,096,982 | $960,352 | 14.2% | |
| Sydney - South West | Horningsea Park | $1,023,785 | $897,021 | 14.1% | Oct-21 |
| Sydney - City and Inner South | Waterloo | $1,024,829 | $910,350 | 12.6% | |
| Sydney - City and Inner South | Zetland | $1,014,113 | $914,158 | 10.9% | Aug-21 |
Source: CoreLogic
Suburbs in regional NSW where median dwelling values have risen above $1million this year
| SA4 |
Suburb |
Median value (current) |
Median value (12m ago) |
Annual change |
Month values reached $1m |
|---|---|---|---|---|---|
| Capital Region | East Jindabyne | $1,088,502 | $806,709 | 34.9% | Oct-21 |
| Capital Region | Jerrabomberra | $1,067,659 | $877,117 | 21.7% | Aug-21 |
| Capital Region | Murrumbateman | $1,072,877 | $958,546 | 11.9% | Oct-21 |
| Coffs Harbour - Grafton | Korora | $1,003,987 | $738,002 | 36.0% | Nov-21 |
| Coffs Harbour - Grafton | Sapphire Beach | $1,009,059 | $746,758 | 35.1% | |
| Coffs Harbour - Grafton | Moonee Beach | $1,020,140 | $771,368 | 32.3% | |
| Hunter Valley exc Newcastle | Fingal Bay | $1,010,370 | $754,546 | 33.9% | Nov-21 |
| Hunter Valley exc Newcastle | Soldiers Point | $1,011,439 | $796,478 | 27.0% | Nov-21 |
| Illawarra | Wongawilli | $1,030,544 | $752,909 | 36.9% | Nov-21 |
| Illawarra | Kiama Downs | $1,328,679 | $989,753 | 34.2% | Feb-21 |
| Illawarra | Woonona | $1,291,697 | $971,330 | 33.0% | Mar-21 |
| Illawarra | Mangerton | $1,014,029 | $762,615 | 33.0% | Nov-21 |
| Illawarra | Figtree | $1,000,647 | $760,178 | 31.6% | Nov-21 |
| Illawarra | Cordeaux Heights | $1,008,888 | $768,958 | 31.2% | Nov-21 |
| Illawarra | Bellambi | $1,079,483 | $822,774 | 31.2% | Sep-21 |
| Illawarra | Towradgi | $1,145,111 | $878,338 | 30.4% | Jun-21 |
| Illawarra | Helensburgh | $1,192,718 | $917,615 | 30.0% | Jun-21 |
| Illawarra | Fernhill | $1,088,009 | $837,442 | 29.9% | Aug-21 |
| Illawarra | Flinders | $1,108,324 | $861,046 | 28.7% | Jul-21 |
| Illawarra | Shellharbour | $1,028,424 | $800,048 | 28.5% | Oct-21 |
| Illawarra | Blackbutt | $1,011,279 | $787,266 | 28.5% | Nov-21 |
| Illawarra | Corrimal | $1,037,894 | $813,780 | 27.5% | |
| Illawarra | Balgownie | $1,063,723 | $834,181 | 27.5% | Oct-21 |
| Illawarra | Fairy Meadow | $1,070,785 | $840,928 | 27.3% | Oct-21 |
| Illawarra | Mount Keira | $1,064,051 | $845,624 | 25.8% | |
| Illawarra | Gwynneville | $1,063,424 | $848,334 | 25.4% | Aug-21 |
| Illawarra | Keiraville | $1,071,562 | $859,697 | 24.6% | Aug-21 |
| Illawarra | Tarrawanna | $1,068,284 | $877,116 | 21.8% | Aug-21 |
| Mid North Coast | Failford | $1,074,394 | $856,977 | 25.4% | |
| Mid North Coast | King Creek | $1,075,089 | $858,444 | 25.2% | Sep-21 |
| Newcastle and Lake Macquarie | Redhead | $1,431,937 | $964,531 | 48.5% | Mar-21 |
| Newcastle and Lake Macquarie | Eleebana | $1,217,844 | $869,383 | 40.1% | Jul-21 |
| Newcastle and Lake Macquarie | Stockton | $1,057,206 | $781,570 | 35.3% | Sep-21 |
| Newcastle and Lake Macquarie | Valentine | $1,180,254 | $873,892 | 35.1% | Jun-21 |
| Newcastle and Lake Macquarie | Catherine Hill Bay | $1,080,550 | $820,620 | 31.7% | |
| Newcastle and Lake Macquarie | Adamstown Heights | $1,016,938 | $778,403 | 30.6% | Nov-21 |
| Newcastle and Lake Macquarie | Murrays Beach | $1,149,527 | $882,747 | 30.2% | Jul-21 |
| Newcastle and Lake Macquarie | Lakelands | $1,169,675 | $898,911 | 30.1% | Jul-21 |
| Newcastle and Lake Macquarie | Caves Beach | $1,000,885 | $780,297 | 28.3% | Nov-21 |
| Newcastle and Lake Macquarie | Broadmeadow | $1,003,335 | $782,888 | 28.2% | Nov-21 |
| Newcastle and Lake Macquarie | Hamilton | $1,005,227 | $785,979 | 27.9% | Nov-21 |
| Newcastle and Lake Macquarie | Carrington | $1,027,106 | $810,922 | 26.7% | |
| Richmond - Tweed | Mullumbimby | $1,283,832 | $908,565 | 41.3% | Mar-21 |
| Richmond - Tweed | Uki | $1,027,073 | $727,601 | 41.2% | |
| Richmond - Tweed | Clunes | $1,073,047 | $773,067 | 38.8% | Jun-21 |
| Richmond - Tweed | Burringbar | $1,243,306 | $895,789 | 38.8% | Jul-21 |
| Richmond - Tweed | Cumbalum | $1,253,509 | $921,877 | 36.0% | Mar-21 |
| Richmond - Tweed | Terranora | $1,168,234 | $874,666 | 33.6% | |
| Richmond - Tweed | Pottsville | $1,223,566 | $922,542 | 32.6% | May-21 |
| Richmond - Tweed | East Ballina | $1,063,166 | $810,153 | 31.2% | |
| Richmond - Tweed | Bogangar | $1,083,969 | $853,184 | 27.0% | |
| Southern Highlands and Shoalhaven | Shoalhaven Heads | $1,110,034 | $739,074 | 50.2% | Oct-21 |
| Southern Highlands and Shoalhaven | Callala Beach | $1,051,648 | $702,836 | 49.6% | |
| Southern Highlands and Shoalhaven | Callala Bay | $1,199,975 | $825,144 | 45.4% | Aug-21 |
| Southern Highlands and Shoalhaven | Currarong | $1,138,413 | $786,198 | 44.8% | Sep-21 |
| Southern Highlands and Shoalhaven | Vincentia | $1,305,995 | $902,686 | 44.7% | Jun-21 |
| Southern Highlands and Shoalhaven | Huskisson | $1,174,011 | $816,534 | 43.8% | Jul-21 |
| Southern Highlands and Shoalhaven | Narrawallee | $1,054,940 | $753,005 | 40.1% | Oct-21 |
| Southern Highlands and Shoalhaven | Renwick | $1,241,613 | $892,583 | 39.1% | May-21 |
| Southern Highlands and Shoalhaven | Milton | $1,072,244 | $779,162 | 37.6% | |
| Southern Highlands and Shoalhaven | Robertson | $1,280,514 | $948,129 | 35.1% | May-21 |
| Southern Highlands and Shoalhaven | Bundanoon | $1,094,205 | $815,167 | 34.2% | |
| Southern Highlands and Shoalhaven | Tomerong | $1,126,752 | $852,817 | 32.1% | Aug-21 |
| Southern Highlands and Shoalhaven | Braemar | $1,074,753 | $819,220 | 31.2% | Aug-21 |
| Southern Highlands and Shoalhaven | Exeter | $1,084,007 | $852,643 | 27.1% |
