These Stunning Coastal Towns Just Joined the Million Dollar Club - Find Out Which Ones!

Australia's coastal towns have long been a haven for those looking to escape the hustle and bustle of city life, and now they're also a hotspot for million-dollar properties. In recent years, there has been a surge in demand for sea-change homes, driving up prices in some of the country's most sought-after towns.

According to recent data, a small but growing number of these coastal towns have now joined the million-dollar club, with median house prices exceeding the $1 million mark. While this may seem like a pleasant surprise for those who have invested in these areas, for others, it may come as a shock.

But what's driving this demand for million-dollar coastal homes? Experts point to a range of factors, from changes in lifestyle preferences to the increasing affordability of remote work. With more and more Australians looking to trade in the stress of city life for a more relaxed pace, it's no wonder that coastal towns are becoming increasingly popular.

However, not all of these towns are what you would expect. Some are hidden gems, tucked away in quiet corners of the country, while others are well-known tourist destinations. What's more surprising is that some of these towns have seen prices jump by as much as 50% over the past four years, leaving some to wonder what other opportunities may have been missed.

The numbers, however, tell a different story. According to real estate experts, Australian housing is now valued at a staggering $11 trillion, making it one of the country's most significant assets. And while there have been huge windfalls in every state except one, some experts are warning of an 'productivity sink', where the focus on housing is taking away from other areas of the economy.

Despite these concerns, there's no denying that the trend towards sea-change homes is here to stay. And for those who can afford it, the opportunity to invest in a million-dollar coastal property is certainly a tempting one. Whether you're looking for a relaxing getaway or a savvy investment, these stunning coastal towns are certainly worth considering.

But which towns have made it onto the list? From sleepy coastal villages to bustling tourist hotspots, we take a look at some of the newest members of the million-dollar club.

There's also talk about Australia's house price league table and which suburbs have the highest prices, with the latest data showing that some of the country's most affluent areas are leading the charge.