The result of Sydney’s property boom: A city of millionaires on the verge of a class divide

  • Sydney’s relentless property boom has pushed the city into uncharted territory, where every second house owner can now stake the claim of being a property millionaire.

Five years ago, just one in six of Sydney’s 600-odd suburbs boasted a median house price above $1 million. By mid-2016, 323 suburbs had six-figure price tags.

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Rose Bay

31 Dudley Road, Rose Bay.

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