An additional 311 Australian suburbs now have median house prices of $1 million or more, with Sydney and regional NSW accounting for the largest number of new entrants.

CoreLogic data shows that between May and December 2021, 38% more suburbs recorded a median price of $1 million or more.

In all, 77 suburbs in the Sydney region joined the list, with the majority of the new entrants on the Central Coast. There are now 417 Sydney suburbs with million-dollar-plus medians.

Brisbane recorded 40 new entrants, taking its total to 91, while Regional Queensland added 36 suburbs to reach a total of 82. Brisbane suburbs included Sandgate, Shorncliffe, Nundah, Kedron, Sunnybank, Annerley and Enoggera.

An additional 37 suburbs were added to Melbourne lifting its total to 221, while Adelaide added 25 suburbs to 70 and the ACT recorded 18 new additions to reach a total of 45.

Perth added 10 new suburbs to bring its total to 52 and Hobart added two new entrants to hit seven.