Real Estate & Property Market News

There's not much for sale and prices for anything you want to buy are rising. But what do you do when moving into a smaller home would cost more than you've been quoted for your own?

Hersz Friedman, affectionately known as zaida, was a fixture of the Bondi Beach area. His home hit the market for the first time in 60 years and quickly sold under the hammer.

That dream home might look out of reach as prices run away, but many first-home buyers are turning to this backup plan to get onto the property ladder.

For a bargain price, these houses are designed to cope with everything from a health crisis to grandma moving in, and they're set to be built by Christmas.

Every week, new benchmarks are set but the month of March was particularly busy with stellar sales in 12 suburbs.

A densely packed cluster of Point Piper homes that was once slated for redevelopment by murderer Ron Medich has traded hands, including the designer home of Sydney FC chairman Scott Barlow for $40 million.

The idea that young Australians should be able to dip into their super to help buy their first home keeps going round and round but this proposal could actually make housing less affordable.

Sydney's preliminary auction clearance rate hit 83 per cent as families farewelled their long-held homes in an emotional auction weekend.

It would have made the fiercest home-flipper flee but hundreds inspected the leaky, rickety Red Hill property, which was unfit to live in, during the campaign.

A developer snapped up the property on a weekend when Melbourne's preliminary auction clearance rate reached almost 74 per cent.