What type of Property does a Million Dollars buy you in Australia?
The headlines are showing that the Median Sydney property prices are around $1,000,000 in 2015-2016.
What exactly do you get for $1,000,000 in Sydney, and how does that compare to other parts of the country?
Million Dollar Property in Queensland
5 Bedrooms, 6 bathrooms, 2,360 sq metres of land at Maleny
Million Dollar Property in New South Wales
Between $975,000 and $1,050,000
4 Bedrooms, 4 bathrooms on 635 sq metres of land at Banora Point
Million Dollar Property in Sydney, New South Wales
Sydney ? Where exactly in Sydney? Eastern Suburbs, Northern Suburbs, Western Suburbs or the Inner City itself.
Sydney covers an area of 12,368 km² with a population of over 4.3 million, over 38 different Local Government areas. Property prices in Sydney can vary depending on exact locations.
Million Dollar Property in Chatwood, Sydney
$1,060,000 – 2 Bedrooms, 2 bathrooms apartment. Chatswood
Million Dollar Property in Bondi Beach, Sydney
About $1,000,000 – 2 Bedrooms, 2 bathrooms apartment. Bondi Beach
Million Dollar Property in Forest Glen, Sydney
5 Bedrooms, 2 bathrooms on 1372 sq metres of land at Forest Glen
For those without a Million Dollars to spend, but want a nice house…
About $350,000 can get a 4 bedroom, 2 bathroom house on 10,000 sq metres of land (2.5 acres) in the Plainland area near Brisbane. The drawback? It is 75 kilometres (47 mi) west of Brisbane. Much too far for the average Australian to want to travel if working in the city.