Major banks turning up the heat on property buyers.

Bank squeeze on top-end suburbs

Major banks are turning up the heat on the nation's wealthiest property buyers who will find loans harder to come by as the risk or rate hikes increases.

Bondi Backpackers sells for $18m

Bondi Backpackers charges $38 a night for a bunk across the road from Sydney's most famous beach. The property was sold for $18 million on T...