Million-plus market shrinks: RP Data
Sales over $1 million accounted for only 5.4% of all sales across Australia, according to RP Data researcher Cameron Kusher.
In the capital city markets, home sales at prices in excess of $1 million accounted for 7.4%.
Click to enlarge
Sydney snared the largest amount of high-end property sales, with 11.1% of houses and apartments selling above $1 million.
Hobart accounted for the lowest number of sales in the $1 million-plus premium bracket, with just 1.2%, followed by Darwin's 2.3%.
Perth sits in the middle, with 6.5% of sales in the $1 million plus range.
Throughout Australia, 48.3% of all homes sold were at prices below $400,000.
Within capital cities, its 37.2% of all sales priced below $400,000.
The data covered the year to August 2012.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
