Are you in the million-dollar club?

Padstow, Panania and Revesby are among more than a dozen new suburbs that have joined the ranks of Sydney’s million-dollar club. In the six months to September 2017, 14 new suburbs now have a median house price above $1million.

 

While entry to the million dollar club has been the norm across inner and middle-ring suburbs for some time, it’s only now that suburbs further out from the CBD are gaining entry.

 

The increase of suburbs to the once-exclusive million dollar club shows there is still a lot of energy in the mid-price ranged market. While we know just how great our local area is, it seems only now buyers are discovering the many perks and the value to be found further out from the CBD.

 

In total five suburbs from our region debuted into this club:

Padstow: $1,006, 250

Panania: $1,028,875

Revesby: $1,045,000

East Hills: $1,156,000

Roselands: $1,144,000

 

Want to get into this exciting market or capitalise on what you already have? The team at Professionals Padstow are available to answer all questions and offer you any advice you need. If you want to discuss with them or anyone in a similar position to you, please share your feedback over at I Love Padstow to Picnic Point Facebook page.

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