Unreal estate prices as million dollar homes 'sell like hotcakes' but won't last

• Million dollar homes still sell well
• But market 'not sustainable'

MILLION-dollar homes are selling at a rate of one every two hours, analysis of sales figures reveal.

The staggering spending habits of some home buyers has seen the equivalent of 12 $1 million-plus homes selling a day at auctions for the past three weekends, said Mal James from Melbourne's James Buyers Advocates.

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