Real Estate & Property Market News

There’s extra help to save a home deposit or to get into the market with a low deposit, but a big spending recovery Budget offered a chance to do more.

The take-up of HomeBuilder grants was four times more than what the government expected, but budget papers lay bare the challenge that lies ahead.

A run-down Kew home with ripped-up linoleum floors, missing bathroom tiles and water stains on the ceiling has sold at auction for more than $1.7 million above its reserve.

Terry Tzaneros and his wife, Anne, have emerged as buyers of one of this year’s most expensive houses, paying close to $40 million for the Point Piper waterfront trophy home of London-based expat lawyer Sarah Cooke.

Desperate home buyers are ditching their 'cool' addresses for these less affluent 'burbs where they can afford a bigger place, realising there are cafes and wine bars on the other side of town, too.

Rapidly rising property prices have reduced the number of homes eligible for the First Home Loan Deposit Scheme, which is set to be expanded in this year's federal budget.

At that level it is the highest house result outside Point Piper, where there have been three sales in recent weeks for more than $37 million.

The sunshine state is known for its golden beaches and far-north rainforests. Beautiful as they are, these well-worn tourist attractions often overshadow the quieter achievers.

No. 57 Vaughan Drive last sold in 2015 for $3.6 million, which also held the previous suburb record, Allhomes understands.

Although some parts of the Sydney market – including waterside – are still running hot, results in others are showing signs of cooling, agents say.