Australia’s A$1 Million-Plus Homes Reach Record, Cotality Says

Australia’s A$1 Million-Plus Homes Reach Record, Cotality Says

More than a third of homes in Australia, one of the world’s most expensive property markets, are now valued at A$1 million ($643,850) or more, according to research by consultancy Cotality.

The insane growth of America’s millionaire class

The average net worth for an American household is now $1 million.

A third of Australia's homes now cost more than $1 million, up about 25 percentage points from a decade ago, while the size of homes bought for the same amount of money has shrunk significantly, new research shows.