What $1 Million Can Buy You In Real Estate Around The World
— 8 May 2024

What $1 Million Can Buy You In Real Estate Around The World

— 8 May 2024
Garry Lu
WORDS BY
Garry Lu

Let’s face it: $1 million just isn’t what it used to be. But what can $1 million actually buy you in terms of real estate here in Australia and more importantly all across the globe?

We scoured a lot of current listings, for realtors domestic and international, to collate the following rundown. Think of it as highly-clickable perspective; perhaps even direct inspiration for those of you who are currently in the market.

Editor’s Note: For the sake of a unifying standard, we’ve scoped out the landscape with $1 million in Australian currency with a +10%/-10% discrepancy (meaning approximately US$675,000, €615,000, or equivalent). Additionally, this budget accounts for each property’s listed price only — stamp duty, taxes, and so forth not included.

RELATED: What It Takes To Be A Top 1% Earner Around The World



$1 Million Real Estate (Australia)

Sydney

Residence Type: Apartment
Address: 403/15 Bayswater Road, Potts Point NSW 2011
Bedroom(s): 1
Bathroom(s): 1
Garage: Yes (1)
Other Notable Features: New-York-style building, lift access to secure stacker car space, modern bathroom, Potts Point dining & shopping at your front door, walking distance from CBD/Botanic Gardens/harbour foreshores

Residence Type: Apartment
Address: 6/86 Alison Road, Randwick NSW 2031
Bedroom(s): 2
Bathroom(s): 1
Garage: Yes (1)
Other Notable Features: Balcony in main bedroom, sunny open plan lounge & dining area, well-appointed Caesarstone kitchen with stainless steel appliances, walking distance from Royal Randwick Racecourse & UNSW, moments away from Centennial Park plus Eastern Suburbs beaches

Residence Type: Apartment
Address: 11/137-141 Regent Street, Redfern NSW 2016
Bedroom(s): 2
Bathroom(s): 2
Garage: Yes (1)
Other Notable Features: Rear-facing treetop setting with balconies, shared rooftop space, modern gas kitchen w/ stainless steel & dishwasher, walking distance from Redfern Station & CBD


Melbourne

What $1 Million Buys You Around The World Right Now (Real Estate)

Residence Type: Apartment
Address: UG01/369 Gore Street, Fitzroy VIC 3065
Bedroom(s): 2
Bathroom(s): 1
Garage: Yes (1)
Other Notable Features: Brand new (off the plan), private landscaped terrace accessible through living room & main bedroom, premium V-ZUG appliances, induction cooktop, “clever” storage, plenty of communal spaces (rooftop, WFH hub, casual dining areas, private dining room)

Residence Type: Apartment
Address: 7/16 Springfield Avenue, Toorak VIC 3142
Bedroom(s): 2
Bathroom(s): 1
Garage: Yes (1)
Other Notable Features: Oak floors, brushed brass tapware, white plantation shutters, marble-look kitchen w/ Bosch appliances, “magazine-calibre” bathroom with separate toilet, private stairwell entrance to sun-splashed entertaining terrace


Brisbane

What $1 Million Buys You Around The World Right Now (Real Estate)

Residence Type: Apartment
Address: 2608/443 Queen Street, Brisbane City QLD 4000
Bedroom(s): 1
Bathroom(s): 1
Garage: No
Other Notable Features: Generous open-plan layout, stunning panoramic views extending beyond the Brisbane River & city skyline, private balcony, high-quality Miele appliances, designer tapware, premium timber floors, communal recreational deck, communal infinity pool, exclusive dining room, fully equipped gym & yoga deck

What $1 Million Buys You Around The World Right Now (Real Estate)

Residence Type: House
Address: 19 Marwood Street, Belmont QLD 4153
Bedroom(s): 4
Bathroom(s): 2
Garage: Yes (2)
Other Notable Features: Wonderful private retreat in the suburbs, plenty of alfresco space, elevated balcony, potential for a fifth bedroom, in-ground pool


Hobart

What $1 Million Buys You Around The World Right Now (Real Estate)

Residence Type: House
Address: 6 Buchanan Avenue, Sandy Bay TAS 7005
Bedroom(s): 3
Bathroom(s): 1
Garage: Yes (1)
Other Notable Features: Tastefully renovated circa 1958 residence, sunny position with picturesque views right down to River Derwent, open fireplace, well-equipped kitchen w/quality SMEG appliances, free-standing tub, outdoor timber deck

Residence Type: House
Address: 23 Bonnington Road, West Hobart TAS 7000
Bedroom(s): 3
Bathroom(s): 1
Garage: Yes (1)
Other Notable Features: Federation residence steeped in the charm of a “bygone era,” country-style Tasmanian oak timber kitchen, sunroom overlooking River Derwent & Hobart CBD


Adelaide

Residence Type: Apartment
Address: 38/237 Wakefield Street, Adelaide SA 5000
Bedroom(s): 3
Bathroom(s): 2
Garage: Yes (1)
Other Notable Features: New York-style loft, spectacular rooftop deck, ensuite w/ spa bath

Residence Type: Townhouse
Address: 2/29 Bartels Street, Adelaide SA 5000
Bedroom(s): 4
Bathroom(s): 2
Garage: Yes (1)
Other Notable Features: Modern & stylish townhouse located in the heart of Adelaide CBD, well-fitted open-plan kitchen, 5.4 KW of solar system on the roof with 6.5KW inverter


Perth

Residence Type: House
Address: 178 Claisebrook Road, Perth WA 6000
Bedroom(s): 3
Bathroom(s): 1
Garage: Yes (2)
Other Notable Features: Grassed backyard perfect for entertaining, modern kitchen, walkable distance from East Perth & Optus Stadium

Residence Type: Apartment
Address: Available Upon Request
Bedroom(s): 3
Bathroom(s): 2
Garage: Yes (2)
Other Notable Features: Luxurious ensuites w/ balcony, communal in-ground swimming pool, communal outdoor spa, communal gym, communal outdoor entertainment area


Darwin

Residence Type: Apartment
Address: 221/130 Esplanade, Darwin City NT 0800
Bedroom(s): 3
Bathroom(s): 2
Garage: Yes (2)
Other Notable Features: Breathtaking views of Bicentennial Park and the Harbour beyond from 11th-floor “sky home,” entertainer’s balcony, hostess kitchen w/ stone benches & Miele appliances, communal pool, communal tennis court, communal gym

Residence Type: House
Address: 46 Damabila Drive, Lyons NT 0810
Bedroom(s): 4
Bathroom(s): 4
Garage: Yes (2)
Other Notable Features: Open-plan living extends seamlessly to alfresco, designer kitchen, saltwater pool, 28-panel 5kW solar set-up to power entire residence (incl. pool)


$1 Million Real Estate (International)

New York City

What $1 Million Buys You Around The World Right Now (Real Estate)

Residence Type: Apartment (Co-Op)
Address: 345 W 21st Street (Apartment 3-B), New York, NY 10011
Bedroom(s): 1
Bathroom(s): 1
Garage: No
Other Notable Features: Nestled in the vibrant Chelsea neighbourhood, gourmet kitchen equipped with top-of-the-line Miele appliances (18-inch integrated dishwasher, 24-inch electric cooktop, 24-inch speed oven/microwave combo)


Los Angeles

Residence Type: Apartment (Condo)
Address: 17711 Margate St APT 116, Encino, CA 91316
Bedroom(s): 2
Bathroom(s): 2
Garage: Yes (2)
Other Notable Features: Expansive bar seating area in kitchen that flows to the dining room, comfortable balcony, soothing soak tub, communal pool, communal indoor spa, communal game room/clubhouse


Austin

What $1 Million Buys You Around The World Right Now (Real Estate)

Residence Type: House
Address: 8314 Cahill Dr, Austin, TX 78729
Bedroom(s): 4
Bathroom(s): 4
Garage: Yes (2)
Other Notable Features: High ceilings, multiple living areas, modern kitchen described as a “chef’s delight,” luxurious owner’s suite with private bath


London

Residence Type: House (Development)
Address: Springfield Village, London, SW17 7DJ
Bedroom(s): 1
Bathroom(s): 1
Garage: Yes (1)
Other Notable Features: Stylish kitchens, enviable bathrooms/ensuites, private outdoor spaces, landscaped gardens


Paris

What $1 Million Buys You Around The World Right Now (Real Estate)

Residence Type: Apartment
Address: Available Upon Request
Bedroom(s): 1
Bathroom(s): 1
Garage: No
Other Notable Features: Available Upon Request


Stockholm

What $1 Million Buys You Around The World Right Now (Real Estate)

Residence Type: Apartment
Address: Engelbrektsgatan 14 Stockholm, Stockholm 11432
Bedroom(s): 1
Bathroom(s): 1
Garage: No
Other Notable Features: Elegant design, modern interiors, well-appointed kitchen, faces a courtyard (South-West) w/ balcony, continuous floor plan in quiet & beautiful farmhouse


Barcelona

Residence Type: Apartment
Address: Available Upon Request
Bedroom(s): 4
Bathroom(s): 2
Garage: No
Other Notable Features: Classic building, East-facing pleasant terrace overlooking Gracia, kitchen-laundry combo, gas heating via radiators, split air conditioning, electric shutters


Amsterdam

What $1 Million Buys You Around The World Right Now (Real Estate)

Residence Type: Villa
Address: Langestraat 76, Amsterdam
Bedroom(s): 2
Bathroom(s): 1
Garage: No
Other Notable Features: Charming 18th-century four-storey residence located in a car-free street of the city centre, exceedingly tasteful interiors


Berlin

Residence Type: Apartment
Address: Friedrichshain, 10243 Berlin
Bedroom(s): 1
Bathroom(s): 1
Garage: Yes (1)
Other Notable Features: Oak parquet w/ underfloor heating, floor-to-ceiling multi-glazed windows, private green courtyard, walking distance from Mercedes-Benz Arena & Spree river banks


Rome

Residence Type: Villa
Address: Available Upon Request
Bedroom(s): 3
Bathroom(s): 2
Garage: Yes (“Various Parking Spaces”)
Other Notable Features: Terrace, patio, 600-square-metre garden w/ swimming pool, whirlpool spa, BBQ & oven area, automatic gate, irrigation system


Dubai

Residence Type: Apartment (Penthouse)
Address: Available Upon Request
Bedroom(s): 2
Bathroom(s): 1
Garage: Yes (1)
Other Notable Features: Terrace overlooking marina, conveniently located by all Dubai’s major attractions, several high-end restaurants & boutiques nearby, quality on-premise amenities (gym, playgrounds, etc)


Istanbul

Residence Type: Villa
Address: Available Upon Request
Bedroom(s): 4
Bathroom(s): 3
Garage: Yes (2)
Other Notable Features: Ensuites, open-plan kitchen, fireplace, private garden, private pool, security


Hong Kong

Residence Type: Apartment
Address: 2/3 Seymour Terrace, Mid-Levels West, Hong Kong
Bedroom(s): 1
Bathroom(s): 1
Garage: No
Other Notable Features: N/A


Tokyo

Residence Type: Apartment
Address: Kitashinagawa 5-chome, Shinagawa-ku Tokyo
Bedroom(s): 3
Bathroom(s): 1
Garage: Available (Additional Cost)
Other Notable Features: N/A


Bali

What $1 Million Buys You Around The World Right Now (Real Estate)

Residence Type: Villa
Address: Available Upon Request
Bedroom(s): 3
Bathroom(s): 4
Garage: Yes (2)
Other Notable Features: Fully furnished, modern design, total privacy, “top-notch” entertainment setup, private pool, balcony, walking distance from Canggu beach


Bangkok

Residence Type: House
Address: 99 Chaloem Phrakiat Rama 9 Soi 28 Yaek 14-2, Khwaeng Dok Mai, Khet Prawet, Krung Thep Maha Nakhon 10250
Bedroom(s): 4
Bathroom(s): 4
Garage: Yes (1)
Other Notable Features: Three-storey detached residence within The Sonne Srinakarin (Bangna Project), private patio, communal gym, communal pool, communal outdoor entertaining area, garden, on-premise security


Auckland

What $1 Million Buys You Around The World Right Now (Real Estate)

Residence Type: House
Address: 6 Tipene Place, Meadowbank 1072
Bedroom(s): 3
Bathroom(s): 1
Garage: Yes (2)
Other Notable Features: Tastefully renovated 60s duplex with lofty hallway & striking feature walls, freestanding Kent log fireplace, well-considered placement of windows, large deck w/ pool


Keen to keep reading? Then check out some of our other recommended real estate stories here:

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Garry Lu
WORDS by
After stretching his legs with companies such as The Motley Fool and the odd marketing agency, Garry joined Boss Hunting in 2019 as a fully-fledged Content Specialist. In 2021, he was promoted to News Editor. Garry proudly retains a blue belt in Brazilian Jiu-Jitsu, black bruises from Muay Thai, as well as a black belt in all things pop culture. Drop him a line at [email protected]

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