Real Estate & Property Market News

An unrenovated house sold under the hammer for $2.325 million, making a $950,000 paper profit since it last traded in 2014 as on-site auctions returned across Melbourne.

The home with water views was on the market from the opening bid of $5.1 million, then soared to $6.11 million, with strong competition setting an auction record for the suburb.

The long weekend and the cold weather didn’t keep buyers away from Canberra auctions, including a three-bedroom residence in Kambah that sold under the hammer for $880,000.

Melbourne households are bracing for further energy bill shocks, as the latest lockdown to help slow the spread of COVID-19, coincided with the start of winter.

Australian rapper Iggy Azalea is gearing up for a reno after dropping $6.7 million on a sprawling five-bedroom house on the edge of Los Angeles, even if the neighbours don't approve.

What a difference a year makes: The proverb that fortune favours the brave is playing out in Sydney's high-end housing market where investors who bought into last year's real estate market are flipping luxury property for multimillion-dollar windfalls.

Steve Traurig and wife Elana trade up to Hunters Hill, Jetstar boss buys up in Palm Beach, data chief Tony Nicol smashes the Bayview record with $16 million buy, and racing identity Nick Vass sells in Bellevue Hill

This trophy home comes with bowling alley, six kitchens and a subterranean 'bat cave' entrance. And it's in the Shire. And all this could be yours for a particularly eye-watering price to the average buyer.

If there is a clear winner in Sydney's property boom, it is the high-end housing market and don't the well-heeled home owners of Potts Point know it.

Australian house-hunters might think we have it bad when it comes to soaring property prices, but spare a thought for buyers in Turkey who've watched prices jump by more than 30 per cent in a year.