The Riverina is experiencing a significant rise in property values, with several suburbs climbing up to be with the million-dollar median price mark. According to recent CoreLogic data, the number of Australian suburbs with a median price of $1 million or more has reached a record high, reflecting a growing demand in our region.
In the past year alone, 218 suburbs across the country surpassed the $1 million median for houses and apartments, bringing the total to 1,257. While major cities like Sydney and Brisbane have the highest number of new million-dollar suburbs, the Riverina is emerging as an attractive option for buyers seeking lifestyle and value.
In particular, Wagga Wagga is rapidly approaching the million-dollar mark. Wagga Wagga’s strong local economy and vibrant community make it a desirable location, while Leeton’s charm and accessibility are drawing interest from families and investors alike.
As remote work continues to influence living choices, the Riverina is becoming a prime destination for those looking for quality of life without the price tag of larger cities.
With ongoing growth trends, it’s an exciting time to watch the property market in the Riverina as more suburbs could soon join the million-dollar club!
CoreLogic reports that nearly 30% of Australian suburbs now have a median house or apartment price at or above $1 million, a significant increase since before the pandemic.
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