Perth's million dollar property club explodes
Perth's million dollar property club has expanded in spectacular fashion, with a record number of suburbs moving into this rarefied zone and surging investor loans in Western Australia highlighting the rush for that state's houses.
Coogee was one of the Perth suburbs to leap into the million dollar median house price club. (Image source: Shutterstock.com)
Perth’s meteoric price rises have made asset millionaires of thousands of Perth property owners, with an unprecedented 30 suburbs joining the city’s million dollar club in the past year.
Highlighting the relatively sudden upwards jolt the market has experienced in the Western Australian capital, only two new suburbs joined the list in 2022-2023.
There are more than 350 suburbs in Perth, and 87 of them can now lay claim to a median house sale pr…
