Median house price reaches $1m in 417 suburbs

By AAP

Peppermint Grove and Dalkeith in Perth and Toorak in Melbourne were the other three suburbs on the exclusive list. "Today's results show that higher values, particularly in Sydney, is becoming more prevalent," Mr Kusher said. "With mortgage rates low and tipped to remain low we would expect that in 12 months time we will have even more suburbs with a median value of $1 million or more.

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