Victoria’s exclusive “million-dollar club” is growing. So, which regional suburbs have joined it? property realestate
The number of suburbs in regional Victoria that have a house price median above $1 million has grown from seven to 11 this year.After two years of sea-changes, lifestyle locations are still highly sought after.Victoria’s exclusive “million-dollar club” is growing after two years of tree and sea-changers rushing to regional hot spots to escape COVID-19 lockdowns or buy a holiday home.but now include both the popular Surf Coast local government area near Geelong, with a $1.
Domain chief of research and economics Dr Nicola Powell said suburbs that offered a great lifestyle and an opportunity to travel to the office or work from home were still highly desirable. Other seaside towns are also well above seven figures, such as Anglesea , Point Lonsdale , Jan Juc and Torquay .Neighbourhoods such as Riddells Creek and Gisborne in the Macedon Ranges soared by 37.5 per cent and 19.3 per cent respectively, taking their median prices above the magic $1 million mark.
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