More homes selling in Australia for over $1 million

Fewer lower prices houses are being sold in Australia with the residential property market seeing more the number of $1 million plus home sales soaring. Over the 12 months to June 2016 some 14% of all house sales and 7.3% of all unit sales were at a price of at least $1 million, according to the data from real estate firm Corelogic. To put these figures into perspective, just five years ago 7.5% of all house sales and 4% of all unit sales were within this price range. Capital cities have predict...