Australia’s Million-Dollar House Club Shrinking
- Dec 13, 2022
- 1 min read
Hello,
The property market is quite stable in Australia. The upper end of the housing market had been soaring for the past two years as a consequence of the lockdowns. Many millionaires were making a beeline for lavish homes in suburbs and regional areas that offered a beach life or resort-like setup. It worked for them because they were working from home at that time. However, things have changed now and all the activities are happening in the cities. Thus, the prestige homes in the regional areas are not getting the same attention and showing a decline in prices that were sky-high a few months ago. I am sharing an article to explain this.
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