Real Estate & Property Market News

Listed a week ago for $14 million, sold days later for $16 million: welcome to the eastern suburbs property market.

The rapid rate of property price rises slowed in April, after values saw their biggest jump in more than 32 years the previous month.

The property, in one of Sydney's most exclusive harbourside suburbs, had so much interest from buyers that it was on the market for only 17 days.

The underbidder was almost driven to tears by the result, which was the highest sum paid for a property under the hammer Brisbane at the weekend.

On a Super Saturday for auctions, vendors who had stayed put for decades were in tears as keys changed hands.

As more and more Aussies switched to remote work, many swapped the concrete jungle for less traffic and more sand – new figures reveal the compelling pull of lifestyle precincts.

Often we see it as burdensome rather than beneficial, but it's an essential form of infrastructure – and a push by governments around the country to add more is being stymied, experts warn.

The median house price across more than 130 Sydney suburbs is up $100,000-plus from a year ago, while buyers in some sought-after pockets need to find an extra $800,000.

There's one particular pocket of Melbourne where property prices just keep rising — and by staggering amounts: in one suburb, by $316,000. If you're a home owner there, congratulations.

Median house prices in the Woden Valley region have shot up to seven figures to claim a spot in Canberra’s million-dollar club.