Coronavirus

The home in Burwood in Sydney's west sold for $300,000 above the price it was passed in at and also set a sales record for the suburb.

The home in Armadale was sold at one of many delayed auctions at the weekend, with vendors waiting until Melbourne's two-week COVID-19 lockdown restrictions ended.

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.

Victorian tenants who have been unable to work through the recent lockdown will struggle to afford to eat let alone pay the rent, after losing an average $817 in wages — that's on top of the debt from last year's lockdown.

The latest Domain Rent Report for the March quarter showed the NSW regions surrounding Canberra saw asking rents soar for houses in the past year, especially in Eurobodalla and Yass Valley.

Melburnians will be able to buy and sell homes face to face this weekend, after the Victorian government announced it would lift the restrictions that saw the entire market move online during lockdown.

Even the most optimistic forecast for house prices a few months ago is starting to look conservative. But can prices keep on rising at the same cracking pace?

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.

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.

Soaring house prices are heading to a point where the only way young people will be able to get into the market is with financial help from their family who are already in the market, experts say.