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AAP
AAP
Alex Mitchell

Million-dollar madness: record suburbs in seven figures

Sydney, Brisbane and Perth have recorded massive increases in seven-figure neighbourhoods. (Mick Tsikas/AAP PHOTOS)

Almost one in three Australian suburbs have seven-figure median housing price tags - another blow to people looking to break into the market.

A CoreLogic report found a record portion of the almost 4800 suburbs it studied have a median house or unit price of more than $1 million.

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