Real Estate & Property Market News

Upsizing? A private island could be just the trick, but you'll need deep pockets to be able to afford this lavish spread. It comes with a wardrobe bigger than some apartments.

Three days before the auction for a house Tony had set his heart on, he received a startling phone call. It was not illegal, but was a bit like being forced to “throw a dart at a dartboard”.

The uninhabitable home in Kensington in Sydney's south-eastern suburbs, also had no water or power connected to it, but it didn't put buyers off.

After opening with a high bid, a family of five bought a weathered, two-bedroom Hawthorne cottage at auction on Saturday, planning to renovate the property into their dream home.

The home was one of several that sold for well over $1 million despite buyers not being able to attend on-street auctions at the weekend due to COVID-19 restrictions.

Why keep a big family home after adult children have moved out? Empty-nesters could easily sell, then buy a smaller place and pocket the difference. These families explain why.

Canberra’s auction market has had its biggest result in 22 years after its clearance rate nudged 90 per cent for the first time and its median auction price for houses hit a record high of $978,000 for the month of May.

His $240m Aussie property portfolio was already the stuff of legend last year, but now another slew of high-end purchases means he's got another $25m worth.

Bidding opened bang on the $1.5 million price guide and soared past the reserve of $1.69 million with a mix of first-home buyers, upgraders and investors keen on the renovated home.

A "nervous" vendor has reaped the benefits of going online after the two-bedroom fixer-upper he inherited from his father sold under the virtual hammer for $305,000 above the reserve.