List of suburbs shows where house prices are set to SOAR in Sydney and Melbourne when Commonwealth Bank, Westpac prediction occurs
1 month, 2 weeks ago

List of suburbs shows where house prices are set to SOAR in Sydney and Melbourne when Commonwealth Bank, Westpac prediction occurs

Daily Mail  

House prices will surge by close to 20 per cent in inner-city Sydney and Melbourne if the Reserve Bank slashes interest rates four times this year, as the major banks are forecasting. A cluster of suburbs in Sydney's inner west, stretching from Leichhardt to Balmain are set to see the biggest increase of 19.1 per cent from the current $2.329million House prices in this gentrified pocket of the city have fallen by 6.9 per cent since peaking last year In Sydney's south, the Sutherland Shire is expected to see a 19 per cent bounce from $1.544million. Melbourne is tipped to The Whitehorse area in the city's east, covering Box Hill and Burwood East, is expected to see an 18.4 per cent increase from $1.431million. Essendon, in Melbourne's inner north, is tipped to see an 18 per cent increase from $1.449million, in an area where median house prices are now 14.8 per cent weaker than the 2022 peak. The Whitehorse area in Melbourne's east, covering Box Hill and Burwood East, is expected to see an 18.4 per cent increase from $1.431million Essendon, in Melbourne's inner north, is tipped to see an 18 per cent increase from $1.449million The Manningham area, in Melbourne's east covering Doncaster, could see prices go up by 17.4 per cent from $1.439million.

Prices Interest Rates House Cent Rate Rates Area Melbourne Sydney Increase House Prices Suburbs Commonwealth Bank Soar  melbourne  prediction  tipped  rates  soar  westpac  prices  suburbs  occurs  increase  house  set  rate  cent  sydneys  sydney  shows  area

History of this topic

House prices across Australia remain steady in January and Melbourne becomes 'buyers' market'
1 month, 3 weeks ago

House prices across Australia remain steady in January and Melbourne becomes 'buyers' market'

ABC  

Property prices remained broadly steady across the country in January, according to new data from CoreLogic, largely due to a fall in values in some capital cities. The value of dwellings in regional areas grew 0.4 per cent last month, but fell 0.2 per cent across the combined capital cities. "Underneath that headline figure, we're seeing a continued slowdown in …

Shock figures show where house prices are FALLING in Australia - and the reason for the decline
2 months, 4 weeks ago

Shock figures show where house prices are FALLING in Australia - and the reason for the decline

Daily Mail  

Property prices in Sydney and Melbourne have declined as the number of overseas visitors drops with an immigration slowdown expected to cut prices further. The drop or slowdown in house prices, in Australia's two biggest cities, occurred as immigration levels moderated from record-high levels Perth's median house prices last year climbed by 18.7 per cent to $847,518, and by 1.7 …

House prices rise just 0.1 per cent in weakest result since January 2023, CoreLogic data shows
3 months, 4 weeks ago

House prices rise just 0.1 per cent in weakest result since January 2023, CoreLogic data shows

ABC  

National home prices are losing momentum and anticipated interest rate cuts are unlikely to stop falls in house prices next year. New CoreLogic data shows house prices increased 0.1 per cent nationally in the last month of spring — the weakest Australia-wide result since January 2023. Brett D'Souza says he "made mistakes" when he tried to sell his home without …

Sydney and Melbourne house prices predicted to fall next year as Perth leads nation in value growth
4 months ago

Sydney and Melbourne house prices predicted to fall next year as Perth leads nation in value growth

ABC  

House prices in Sydney and Melbourne are set to decline further in 2025, while Perth is likely to experience the strongest growth among Australia's capital cities, according to SQM Research's latest Boom and Bust Report. City 2025 housing price forecast Perth +14% to +19% Brisbane +9% to +14% Darwin +5% to +8% Melbourne -5% to -1% Sydney -5% to -1% …

Aussie teen rages over Sydney property prices
4 months ago

Aussie teen rages over Sydney property prices

Daily Mail  

House prices rose by 1.3 per cent across capital cities in October A young Australian has slammed the country's housing crisis as 'genuinely ridiculous' after receiving a flyer from a real estate agency that showcased ordinary properties that all sold for more than $1million. Data revealed house prices recorded an increase of 1.4 per cent in Sydney, with homes selling …

Why house prices are starting to fall
4 months, 3 weeks ago

Why house prices are starting to fall

ABC  

Sam Hawley: All focus this week will of course be on the US election and we'll be bringing you plenty of coverage. I mean, you know, what we've seen on a longer term perspective back, you know, I don't know, ever since I've been looking at it, you know, since the 60s or 70s, there's always been an ever increasing …

House prices are still rising, but CoreLogic data shows the property market is cooling off
4 months, 4 weeks ago

House prices are still rising, but CoreLogic data shows the property market is cooling off

ABC  

Australia's property market is showing further signs of a slowdown, with national house prices rising slightly in October as more home-owners and investors look to capitalise on the spring selling season. "For the past couple of years, they've had really strong population growth, strong jobs growth, and subsequently strong housing demand that has kept prices rising, even through interest rate …

South Australian home prices up thanks to Victorian investors looking avoid land tax increases
5 months, 4 weeks ago

South Australian home prices up thanks to Victorian investors looking avoid land tax increases

ABC  

Investment property owners are selling up in Victoria to avoid increased taxes and buying in South Australia instead, according to real estate agents. Changes hit Victorian landlords Real Estate Institute of Victoria chief executive Kelly Ryan said the taxes came on top of higher minimum standards for properties introduced by the Victorian government, plus rent freezes during the COVID-19 pandemic, …

Data shows vast majority of Sydney's affordable homes are in city's west
5 months, 4 weeks ago

Data shows vast majority of Sydney's affordable homes are in city's west

ABC  

It is widely accepted that Sydney's housing market has become increasingly unaffordable, but there are still some pockets of the city that are within reach for average income earners. Most affordable homes in Sydney's west A total of 357 properties sold for less than $556,000 in Sydney in the past month, according to the REA Group. The local government area …

New data reveals a record number of Australian homes surpassed $1 million property value mark
6 months ago

New data reveals a record number of Australian homes surpassed $1 million property value mark

ABC  

A record number of Australian suburbs now have a median house or unit value above $1 million, according to a new report. New data from CoreLogic shows 29.3 per cent — or 1,057 — of the nearly 4,800 suburbs surveyed across the country now have a million-dollar median. Apollo Bay was one of two regional Victoria suburbs that saw median …

CoreLogic house price data shows home values still rising but growth is slowing
6 months, 4 weeks ago

CoreLogic house price data shows home values still rising but growth is slowing

ABC  

In what will be disappointing news for first home buyers, Australian house prices have continued to rise over the past month, according to new data. Average dwelling values climbed by 0.5 per cent in August, the 19th consecutive monthly increase in house prices tracked by CoreLogic's Home Value Index. Australia's capital cities were evenly split on house price rises and …

As property prices grow, a new study forecasts Greater Sydney's market remaining unaffordable into next decade
8 months, 1 week ago

As property prices grow, a new study forecasts Greater Sydney's market remaining unaffordable into next decade

ABC  

It's no secret that property prices in Sydney are eye-wateringly high. But according to a new study, property prices across Greater Sydney will be unaffordable for anyone on a single median income until at least the next decade. According to the results, quarterly repayments — including houses, apartments and townhouses — in 2031 for those on a median full-time income …

Young woman with almost $100,000 in savings slams Aussie 'lie'
9 months, 1 week ago

Young woman with almost $100,000 in savings slams Aussie 'lie'

Daily Mail  

A woman has revealed her frustrations about being unable to get her hands on a 'decent' property even with almost $100,000 in savings. 'I think that you are sold the lie that you work hard, you save a lot of money and you'll be able to get into the property market because that's exactly what I've done,' the woman said …

Extraordinary rise in value of Aussie homes - here are the states with the largest jumps
9 months, 2 weeks ago

Extraordinary rise in value of Aussie homes - here are the states with the largest jumps

Daily Mail  

The combined value of Australian residential dwellings soared to a record $10.7trillion in the March quarter, according to new Australian Bureau of Statistics data. On Tuesday, the ABS reported that the total value of homes in Australia rose by $209.4billion in the first quarter of 2024, bringing the average home value to $959,300, up $14,300 in just three months. Across …

CoreLogic house price data show Brisbane overtaking Melbourne and Canberra as Australia's second priciest city
9 months, 3 weeks ago

CoreLogic house price data show Brisbane overtaking Melbourne and Canberra as Australia's second priciest city

ABC  

In short: CoreLogic data shows property prices grew by 0.8 per cent during May, making it the largest monthly increase since October last year. CoreLogic data shows property prices grew by 0.8 per cent during May, making it the largest monthly increase since October last year. However, Brisbane has now become the second-most expensive city for housing in the country, …

Brisbane sheds its sleepy image with surging house values — now only second to Sydney
9 months, 3 weeks ago

Brisbane sheds its sleepy image with surging house values — now only second to Sydney

ABC  

So, you still think of Brisbane as the sprawling, steamy, sleepy backwater in Australia's deep north? There's such a shortage of houses and units that anyone with the means to buy – locals, along with the 116,260 new arrivals from overseas and interstate last year – is camping out in crappy rentals across the city, doom scrolling on real estate …

Property prices increased again in May. Here's what the housing market looks like where you live
9 months, 3 weeks ago

Property prices increased again in May. Here's what the housing market looks like where you live

ABC  

Property prices across Australia have increased for the 16th straight month, with CoreLogic data showing an 0.8 per cent increase in May. Here's how much property prices changed around the country last month: Sydney: Increase of 0.6 per cent Increase of 0.6 per cent Melbourne : Increase of 0.1 per cent Increase of 0.1 per cent Brisbane : Increase of …

The video that will make every millennial jealous: Boomers reveal how little they paid for their first home
10 months ago

The video that will make every millennial jealous: Boomers reveal how little they paid for their first home

Daily Mail  

Baby boomers have revealed how much they paid for their first home and warned young Aussies to give up their 'lavish lifestyles' to save for a deposit. First-home buyers continue to struggle to purchase properties in both capital cities and regional areas across Australia Australian big city house prices are tipped to surge by more than a third during the …

Australia's median rent surges to record heights with regions and outer suburbs feeling the heat
10 months, 3 weeks ago

Australia's median rent surges to record heights with regions and outer suburbs feeling the heat

ABC  

In short: Rents have reached a record high, with the median weekly rent in Australia now at $627. Perth Median rent $669 Year-on-year increase 13.6 per cent The rental market in Perth saw the highest annual rent increase of all capital cities in the last year, as well as the highest uplifting of rent values since the onset of the …

House prices have risen for the 15th month in a row. Here's what property values look like across the country
10 months, 4 weeks ago

House prices have risen for the 15th month in a row. Here's what property values look like across the country

ABC  

Australia's property market is showing no signs of slowing down, with data from CoreLogic showing property prices increased by 0.6 per cent in April. Here's how much property prices changed in each city in April: Sydney: Increase of 0.4 per cent Increase of 0.4 per cent Melbourne: Decrease of 0.1 per cent Decrease of 0.1 per cent Brisbane: Increase of …

The Aussie city where it now costs more than $1,000 a week to rent a house
11 months, 2 weeks ago

The Aussie city where it now costs more than $1,000 a week to rent a house

Daily Mail  

A high-income professional earning $180,000 a year would now be in housing stress renting the typical house in Australia's most expensive capital city, new data shows. Sydney's median weekly rent surged by 10.2 per cent in the year to April to $1,053.56, new SQM Research data released on Tuesday revealed. Mount Colah, 38km north of Sydney, has a median weekly …

Rental prices in Australia have soared to a new record high but one capital city is now CHEAPER - so would you move there?
11 months, 2 weeks ago

Rental prices in Australia have soared to a new record high but one capital city is now CHEAPER - so would you move there?

Daily Mail  

With record rental prices across the nation, Canberra has bucked the trend and is actually cheaper. Median rent in the national capital fell 0.7 per cent compared to this time last year, to $685-a-week, according to Domain's latest rent report for March 2024. Domain's chief of economics and research Dr Nicola Powell said the rental drop was caused by an …

Where in Australia house prices are surging the most... and the so-called 'affordable' market where prices climbed by just $140,000
11 months, 4 weeks ago

Where in Australia house prices are surging the most... and the so-called 'affordable' market where prices climbed by just $140,000

Daily Mail  

House prices in Australia's capital cities have surged by up to 20 per cent in the past year as immigration hit an all-time high. In Perth, the median house price has surged by 20 per cent during the past year to $735,276 to still be Australia's most affordable mainland state capital city market, new CoreLogic data showed CoreLogic research director …

The average Australian now can't afford to buy a house in any city in the country - but a real estate veteran who was kicked out of school at 16 has some very practical tips
1 year ago

The average Australian now can't afford to buy a house in any city in the country - but a real estate veteran who was kicked out of school at 16 has some very practical tips

Daily Mail  

A tattooed, multi-millionaire real estate agent has given his expert tips for young people hoping to buy a home, as the average Australian is locked out of buying a house in any major city without being in mortgage stress. A tattooed real estate agent has given tips to young people hoping to buy a home with the average Australian worker …

Tradie who once lived in rented granny flats but now enjoys a $6million waterfront home, Lamborghini and 50ft yacht reveals the biggest financial mistake young Aussies are making
1 year ago

Tradie who once lived in rented granny flats but now enjoys a $6million waterfront home, Lamborghini and 50ft yacht reveals the biggest financial mistake young Aussies are making

Daily Mail  

A property investor who once lived in rented granny flats but now enjoys a $6million waterfront home has shared his top advice for young Australians trying to enter the tough housing market. But instead of saving up for a mortgage deposit to buy the ultimate property, Mr Walsh started his investment journey in 2011 by buying a four-bedroom house at …

What Aussies need to make in a year to be an above-average earner - and what it means for buying a house they can afford
1 year, 1 month ago

What Aussies need to make in a year to be an above-average earner - and what it means for buying a house they can afford

Daily Mail  

Australians earning more than $98,218 a year are now considered above-average earners if they work full-time. Australians earning more than $98,218 a year are now considered an above-average earner if they work full-time RateCity research director Sally Tindall said the Reserve Bank of Australia's 13 interest rate rises in 18 months - taking the cash rate to a 12-year high …

Price gap between houses and apartments widens to new record as land values surge in capital cities
1 year, 1 month ago

Price gap between houses and apartments widens to new record as land values surge in capital cities

ABC  

In short: CoreLogic data shows the price gap between apartments and standalone houses has widened by 45 per cent since March 2020 and January 2024. "It's not like this is just Sydney or Melbourne pushing the numbers around, it's happening across every capital city to some extent," Mr Lawless said. Mr Lawless said the widening gap between house and unit …

Property values have risen for 12 straight months. Here's how much prices have lifted or fallen in each capital city
1 year, 1 month ago

Property values have risen for 12 straight months. Here's how much prices have lifted or fallen in each capital city

ABC  

Three capital cities continue to power the national property market, with prices rising by 0.4 per cent in January to start off the new year. Brisbane Monthly change: 1 per cent increase 1 per cent increase Brisbane median house value: $888,628 $888,628 Median unit value: $568,595 It was the pockets on the outer fringe of Brisbane that recorded the biggest …

Rental prices rose in most Australian capital cities last year, but Canberra rents stayed flat
1 year, 2 months ago

Rental prices rose in most Australian capital cities last year, but Canberra rents stayed flat

ABC  

The start of a new year in Canberra usually marks the peak of a frenzied rental market, with crowds flooding open homes and would-be tenants offering agents more cash to secure a property. Key points: Real estate agents say it is an unusually quiet January in the ACT, with open homes for rentals failing to draw crowds Rent prices in …

Property values bounced back across Australia in 2023, but there are signs of slowing
1 year, 2 months ago

Property values bounced back across Australia in 2023, but there are signs of slowing

ABC  

Australian house and apartment values bounced back in 2023, increasing by 8.1 per cent nationally over 2023, according to new data. Key points: New data shows dwelling values rose nationally last year in comparison to 2022 Sydney remains the most expensive city to buy a property across the country Homes in capital cities increased significantly more than in regional areas …

The one mistake Aussies are making when buying a house - and the things you should be looking for
1 year, 3 months ago

The one mistake Aussies are making when buying a house - and the things you should be looking for

Daily Mail  

Prospective property buyers are being told to avoid purchasing something because it is cheap with a wealth expert warning it could cost you in the long run. Pictured are houses in the West Australian town of Coolgardie where houses typically sell for less than $160,000 Property investment expert Brett Warren, the director of buyer's agent Metropole in Brisbane, said buyers …

What the typical Aussie can really afford - and why you might have to move to buy that dream home
1 year, 3 months ago

What the typical Aussie can really afford - and why you might have to move to buy that dream home

Daily Mail  

An Australian worker on a middle income can now only afford to buy an apartment in a big city unless they moved to a regional area. An Australian worker on a middle-income can now only afford to buy an apartment in a big city unless they moved to a regional area - but it can be cheaper than renting Perth …

Housing Boom and Bust Report tips property price to fall in 2024 as interest rates weigh
1 year, 4 months ago

Housing Boom and Bust Report tips property price to fall in 2024 as interest rates weigh

ABC  

Australian real estate is set for a double-dip downturn, according to a leading analyst, as interest rates finally weigh on property prices and for-sale listings surge. Key points: SQM Research is forecasting flat to falling home prices for most cities except Perth and Brisbane in 2024 High interest rates, rising unemployment and an increase in distressed sales are expected PropTrack …

Property values are tipped to reach a new high. Here's how much prices have risen in each capital city
1 year, 5 months ago

Property values are tipped to reach a new high. Here's how much prices have risen in each capital city

ABC  

With Australia's median property value set to hit a new peak by the end of 2023, what does that mean for where you live? Adelaide Monthly change: 1.7 per cent increase Adelaide median house value: $742,909 Median unit value: $464,414 The September quarter saw Adelaide recording the highest capital gain at 4.3 per cent, pipping out Brisbane and Perth. Brisbane …

Capital city housing values are still rising but at a slower pace. Here's how things are looking where you are
1 year, 8 months ago

Capital city housing values are still rising but at a slower pace. Here's how things are looking where you are

ABC  

Australia's housing values increased in June, but the pace of growth has slowed. “Through June, the flow of new capital city listings was nearly -10 per cent below the previous five-year average and total inventory levels are more than a quarter below average." "Simultaneously, our June quarter estimate of capital city sales has increased to be 2.1 per cent above …

Peter Costello issues a wake-up call to young Australians complaining about house prices
1 year, 9 months ago

Peter Costello issues a wake-up call to young Australians complaining about house prices

Daily Mail  

Nine chairman and former treasurer Peter Costello has claimed young Australians are prioritising overseas holidays over saving for a house deposit. Peter Costello, who was treasurer under Liberal PM John Howard, claimed young people would rather spend money on travelling than saving for a house How long it takes to save for a mortgage deposit SYDNEY: 14.3 years in a …

Two-thirds of young Aussies have given up on ever owning a home, shock statistics reveal
1 year, 11 months ago

Two-thirds of young Aussies have given up on ever owning a home, shock statistics reveal

Daily Mail  

A worrying number of young Australians have given up on ever owning their home, a new survey has found. A Resolve Political Monitor poll published on Monday showed 54 per cent of respondents on middle incomes and 63 per cent in the low income bracket think they will never be able to afford their own home. Sydney's median house prices …

Sunrise host David Koch busts a common 'baby boomer' housing myth
2 years ago

Sunrise host David Koch busts a common 'baby boomer' housing myth

Daily Mail  

Sunrise host David Koch has explained why younger Australians have it tougher than older generations when it comes to buying a home. Sydney's median house price of is $1,217,308 and a borrower needs a 20 per cent deposit of $243,461. In 2023, Sydney's median house price of is $1,217,308 and a borrower needs a 20 per cent deposit of $243,461. …

House price falls ease in February with Sydney posting a rise as real estate listings dry up
2 years ago

House price falls ease in February with Sydney posting a rise as real estate listings dry up

ABC  

A lack of properties for sale and the first rise in Sydney home prices in more than a year have stabilised real estate values across the nation. Key points: The CoreLogic home price index fell 0.1 per cent nationally in February, the smallest fall since May 2022 Sydney home values rose for the first month since January 2022 Westpac is …

Sydney housing crisis: Newtown home sells in just three minutes - $360,000 above asking price
2 years, 1 month ago

Sydney housing crisis: Newtown home sells in just three minutes - $360,000 above asking price

Daily Mail  

It sold for $360,000 above the reserve price at the auction One family forked out $3.11million for the Newtown house An auction for a Sydney home wrapped in three minutes An auction for an 'unusual' city home has ended in mere minutes and gone $360,000 above the reserve price - showing at least some places appear to be immune to …

Property prices, investor decline tipped for regional Victoria as interest rates rise
2 years, 1 month ago

Property prices, investor decline tipped for regional Victoria as interest rates rise

ABC  

When Emily and Jimmy Black bought their first home in September 2020, their mortgage repayments were tough but manageable. Key points: The Reserve Bank has hiked interest rates for the ninth time in a row today One Bendigo family has already seen their repayments double to $2,000 per month in two years Regional property experts say prices are starting to …

Family 'priced out' of south-west Sydney rental market, as finding affordable homes 'near-impossible'
2 years, 2 months ago

Family 'priced out' of south-west Sydney rental market, as finding affordable homes 'near-impossible'

ABC  

A Sydney mother says she had no option but to move her family into a "stinking-hot" caravan after being forced to leave the rental home she had lived in for 16 years. "We're now sitting in a stinking-hot caravan out the front of my older daughter's house," Ms Thompson said. Ms Thompson said she and her partner have made dozens …

What Australia's housing market has been doing over the past year
2 years, 3 months ago

What Australia's housing market has been doing over the past year

ABC  

Few sectors of the economy are as sensitive to interest rates as the property market. The fall in national values was largely driven by capital city dwelling values dropping 5.2 per cent, while regional dwelling values rose 3.3 per cent over the same period, CoreLogic figures show. Economist Maree Kilroy expects further rate hikes in early 2023, with the cash …

Sydney, Melbourne real estate: Why house prices could rise in 2023 even with interest rates rising
2 years, 3 months ago

Sydney, Melbourne real estate: Why house prices could rise in 2023 even with interest rates rising

Daily Mail  

House prices could rise again in 2023 even if interest rates keep going up because rental vacancy rates are tight and immigrants are moving to Australia. House prices could rise again in 2023 even if interest rates keep going up because rental vacancy rates are tight and immigrants are moving to Australia House prices expected to rise again in 2023 …

Real estate: Where you can still buy a home in a big city near the BEACH for less than $200,000
2 years, 3 months ago

Real estate: Where you can still buy a home in a big city near the BEACH for less than $200,000

Daily Mail  

Australians can still buy a home for $200,000 in a major capital city right near a beach if they opt for an apartment instead of a house. Orelia in Perth's outer south is the most affordable metropolitan suburb with a median unit price of just $183,522, and it's only one suburb from Kwinana Beach, near Rockingham. Australians can still buy …

Why Australian house prices could begin to recover again in 2023 and 2024
2 years, 3 months ago

Why Australian house prices could begin to recover again in 2023 and 2024

Daily Mail  

Houses prices could recover a lot sooner than the experts are predicting despite fears of more interest rate rises. A Canstar survey of 2,157 Australians showed 60 per cent of respondents were in fact expecting house prices in their state to remain stable, grow or possibly even skyrocket before the end of 2024. Houses prices could recover a lot sooner …

The suburbs by the beach and near the city where house prices plunged the most in 2022
2 years, 3 months ago

The suburbs by the beach and near the city where house prices plunged the most in 2022

Daily Mail  

Some of Australia's nicest beachside and inner-city suburbs suffered the sharpest house price falls in 2022. Narrabeen on Sydney's northern beaches was Australia's worst-hit property market with its median home price, covering houses and apartments, diving by 26.8 per cent in a year Narrabeen on Sydney's northern beaches was Australia's worst-hit property market with its median home price, covering houses …

The Australian suburbs where house and unit values have risen the most since COVID-19 hit
2 years, 3 months ago

The Australian suburbs where house and unit values have risen the most since COVID-19 hit

ABC  

Australia's property prices surged as the COVID-19 pandemic set in. One capital city led the charge, CoreLogic data reveals, with eye-watering gains and some of its suburbs posting nearly as much as 80 per cent capital growth since March 2020, the onset of COVID-19. Overall, Adelaide dwelling values have posted 43.4 per cent growth since the onset of COVID-19, this …

Bateau Bay, Mornington, Tugun, Runaway Bay real estate: Property prices drop below $1million
2 years, 3 months ago

Bateau Bay, Mornington, Tugun, Runaway Bay real estate: Property prices drop below $1million

Daily Mail  

Prices of properties near the beach and only an hour's drive from major city centres have fallen back below the $1million mark as new data shows their affordability will only continue to improve. Property prices near the beach only an hour's drive from a major city centre have fallen back below the $1million mark and are expected to become more …

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