Real Estate & Property Market News

With Sydney property prices rising so rapidly, and stock on the market so tight, a number of opportunistic sellers are trying to cash in on buyers' desperation, setting ridiculous prices – but are they getting them?

Economists say prices will continue to stay strong even as those who moved to the regions start to move back to inner city Melbourne.

Dubbed ‘Magnolia’ and perched on a rare 1012-square-metre parcel ensconced in greenery, the magnificent five-bedroom homestead was slowly transformed from an ageing cottage into a luxurious family abode.

Despite the weather and some agents reporting a decline in interest, several properties sold strongly above reserve and the clearance rate just below 80 per cent.

Over the years this town has garnered a reputation as a holiday haunt popular with some of Australia's most wealthy, attracting names such as billionaire trucking magnate Lindsay Fox. Here's why.

In one of the river city's most-affluent suburbs, this was the most expensive property sold at auction around Australia this weekend. It sold for a whopping $6.9m.

The Darling Point reserve far exceeded its $5m reserve - another strong result as Sydney's property market continues to run hot.

Will it exist in a virtual reality so no one can see it but its residents? Will it be all funky Jetsons’ space-age gimmicks? Or will homes be stacked into the sky as far as the eye can see?

This is no ordinary rental house. Not only would the new tenant need to come up with more than $500,000 a month for the landlord, they'd need to pay a deposit of $1.5 million before moving in.

A Bondi Beach house on the market for the first time in three decades sold for more than $1 million above reserve at auction on Saturday.