From inner-city apartments to suburban cottages or a few acres in the rainforest, the answer depends on where youre buying
With talk of the Sydney and Melbourne housing markets racing away from prices in other cities and regions, we decided to ask: what can you buy in Australia for a cool million dollars?
From inner-city apartments to suburban cottages or a few acres in the rainforest, the answer depends on where youre buying.
Housing affordability is set to be a big issue in the coming budget and one of the Turnbull governments main arguments against making changes to negative gearing is that it doesnt want to slam the brakes on housing markets nationwide when only Sydney and Melbourne are overheating.
The Nationals leader, Barnaby Joyce, has even urged Australians to look further afield and consider buying in Tamworth to get more bang for their buck.
To find out just how great the divide is, lets start in the city with the biggest complaints about housing affordability Sydney.