A record number of Australians spent $1 million or more to secure a home in the past year, CoreLogic’s annual Million Dollar Markets report reveals.

Across the combined capitals, auction activity fell week on week, due largely to a fall in auction volumes across Melbourne. With 2,358 auctions held across the capitals, the volume of auctions was down -6.7% compared to last week (2,528), and down -20.3% compared to the 2,960 auctions held this time last year.

Nationally recognised agents, Reece Thompson and Ryan Clarke have joined forces and launched their own business & brand, Thompson & Clarke powered by UrbanX.

50 Kambala Road Bellevue Hill for sale by David Malouf of Highland Property Double Bay Malouf enjoys city skyline and Sydney Harbour Bridge views. "Sydney's top end remains strong amid fierce demand for prestige property."