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The New Daily

National

Sezen Bakan

Australian suburbs plunge out of million-dollar club as house prices fall

Tim Lawless Australia

Australian homes have seen tens of thousands wiped from their values. Photo: Getty

More than 100 Australian suburbs have dropped out of the million-dollar club, as the effects of interest rate hikes hit house prices.

Precisely 169 suburbs have seen median dwelling values fall below $1 million between April and October, Core Logic data reveals.

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