Australia’s Million-Dollar Moment

According to CoreLogic’s latest report, more than 34.1% of Australian suburbs now sit above the million-dollar mark. That’s 154 new suburbs joining the club this year alone — a 143% jump over the past five years. While Sydney and Canberra continue to dominate, Brisbane has seen the biggest climb. The most interesting detail? The million-dollar market is no longer exclusive to blue-chip postcodes. Suburbs like Penrith, Taylors Lakes, and Oxley have made the list — proving that value is expanding beyond prestige. The message is clear: opportunity is growing in unexpected places.

What It Means for Homeowners

As more suburbs cross that seven-figure line, everyday households are feeling the pinch. A typical family earning $106,000 a year now spends over 50% of pre-tax income on mortgage repayments — or more than 60% with a 5% deposit. That’s not sustainable. So homeowners are getting smarter. They’re no longer just buying homes — they’re building value into the ones they already own.

Strategic Renovation: The Smarter Play

This is where EDM Building’s clients are ahead of the curve. A strategic renovation — not just a cosmetic one — can mean the difference between a property that drifts with the market and one that leads it. We’re seeing more homeowners across Kiama, Shellharbour, and the wider Illawarra choose to reinvest in their current homes instead of stretching for a new mortgage. Here’s how we help them do it:

• Design-to-Delivery Packages — from concept to completion, fully managed.

• Budget Alignment Tools — spend strategically, not emotionally.

• Expert Guidance — maximise return through smarter layouts, energy efficiency, and contemporary design.

• Quality Assurance Systems — ensuring every detail adds long-term value.

  
  

Because in a million-dollar suburb, quality matters more than ever. A poorly planned renovation can cost you hundreds of thousands — while a well-executed one can add it.

Local Insight: Illawarra on the Rise

Closer to home, Illawarra’s property market is heating up. Suburbs like Kiama Heights, Minnamurra, and Shell Cove are edging toward the million-dollar median as buyers prioritise lifestyle, liveability, and coastal design. For many locals, this means your property could already be sitting in — or on the edge of — that seven-figure range. The question is: how do you protect and grow that value? That’s where EDM Building steps in.

Building Wealth the EDM Way

Whether it’s adding a second storey, modernising a coastal cottage, or unlocking unused space, our team helps homeowners treat renovation like investment. Every project should move you closer to financial freedom — not further from it. We call it “Building Wealth the EDM Way” — where lifestyle, design, and long-term value come together.

The Importance of Strategic Planning

In today's market, strategic planning is crucial. Homeowners must consider their long-term goals when renovating. This means understanding not just the immediate benefits but also the future potential of their property. A well-planned renovation can significantly increase your home's value, making it a smart investment.

Understanding Market Trends

Staying informed about market trends is essential for homeowners. Knowing which suburbs are rising in value can help you make informed decisions. This knowledge allows you to act quickly when opportunities arise. At EDM Building, we provide insights into market dynamics, helping our clients stay ahead.

Embracing Sustainability

Sustainability is becoming increasingly important in property renovations. Homeowners are looking for ways to make their homes more energy-efficient. This not only reduces costs but also adds value to the property. We offer solutions that incorporate sustainable practices, ensuring your renovation is both eco-friendly and financially beneficial.

The Role of Design in Value Creation

Design plays a pivotal role in property value. A well-designed space can enhance functionality and appeal. Homeowners should focus on creating layouts that maximise space and flow. Our team at EDM Building works closely with clients to develop designs that meet their needs while also appealing to future buyers.

Conclusion: Your Path to Property Success

If you’re curious about how to make your property work smarter for you, we’ll show you how to align your design, budget, and timeline to build long-term value. With the right strategy, your home can be more than just a place to live; it can be a valuable asset that contributes to your financial future.

Ready to find out what your home could be worth? Let’s explore the possibilities together.