What You Could Buy With $1M Across Australia’s Top Suburbs And How Much You’d Need To Earn

As interest rates continue to rise, property prices have fallen across most of Australia’s capital cities — the first time they have done so since 2018.

Given this national ‘dip’, I wanted to compare what $1,000,000 would buy you across some of Australia’s most coveted postcodes.

But before we get into it, here’s a brief rundown on what your finances might look like if you were to take on a $1,000,000 property.

So, let’s see just what you could purchase across Australia’s capital cities with a cool million up your sleeve:

1.

Bondi, Sydney, NSW: Auction guide $950,000

2.

Alexandria, Sydney, NSW: For sale $1,040,000

3.

South Melbourne, VIC: For sale $1M–1,100,000

4.

Brunswick, Melbourne, VIC: For sale $949,000

5.

South Brisbane, QLD: For sale $950,000

6.

Annerley, Brisbane, QLD: For sale $849,000

7.

Cottesloe, Perth, WA: Guide $1,000,000

8.

Wembley, Perth, WA: Guide $1,000,000

9.

Muirhead, Darwin, NT: Guide $900,000

10.

Glebe, Hobart, TAS: Guide $1,000,000

11.

Griffith, Canberra, ACT: For sale $939,000

12.

And finally, Adelaide, SA: For sale $940K–$975,000

Now, you tell me, fellow Aussies — where do you think the best value for money is? And for anyone already on the property market, what tips do you have for first-time buyers in Australia? Let us know your thoughts in the comments below!