Core Insights - The number of suburbs in Australia with a median house price exceeding AUD 1 million has significantly increased from 273 in 2015 to 1,073 by 2025, indicating a growing trend in property values across the country [1][3]. Price Trends - In 2015, the median house price in New South Wales was AUD 550,000, while other states had median prices around AUD 400,000. By 2025, the median price for independent houses has risen to AUD 1,040,000, reflecting a 161% increase [3][6]. - Specific suburbs have seen dramatic increases in median house prices, such as Tweed Heads West, which rose from AUD 398,500 in 2015 to AUD 1,040,000 in 2025, a 161% increase [4]. Regional Analysis - Coastal areas have become increasingly valuable, with many suburbs that were previously affordable now exceeding AUD 1 million. For instance, Jacobs Well's median price increased from AUD 410,000 to AUD 1,170,250, marking a 185% rise [5]. - In Queensland, suburbs like Sunrise Beach and Noosa Heads have experienced the highest growth rates, with prices soaring from AUD 580,000 and AUD 690,000 in 2015 to AUD 2,010,000 and AUD 2,225,000 respectively by 2025 [7]. Million Dollar Club Expansion - The "Million Dollar Club" has expanded significantly, with 73 suburbs in South Australia now exceeding AUD 1 million, up from just two in 2015. Tasmania has only one suburb, Sandy Bay, that has reached this threshold [16]. - The Australian Capital Territory has also seen growth, with the number of suburbs in the Million Dollar Club increasing from two to 32 since 2015 [16]. Market Dynamics - The increase in house prices is attributed to factors such as population growth and supply shortages, particularly in previously undervalued inland areas [15]. - The most expensive suburbs are now predominantly located in New South Wales, as Melbourne's property prices have declined since the pandemic [12].