Real Estate & Property Market News

It could be in Palm Springs, but instead this drab-to-fab family home is in Melbourne's hip inner-north and even the street name hints at the magic inside.

House prices rose by about $445 per day over the three months to June, as lockdown-weary Melburnians armed with cheap mortgage rates rushed to upsize into spacious abodes with home offices.

'Oh my God,' said the economist. 'Good grief,' said the academic. That’s the frank reaction to house prices rising as much as 29 per cent in a health and economic crisis. So, is there any hope in sight?

Brisbane's median house price has soared 13 per cent – the greatest rise in 13 years. Over the past 12 months, the median house price has gone up by almost $78,000, which is around the average Queensland annual salary. 

In this market, getting in under $650,000 is no mean feat. Here are six must-see homes that not only beat that budget, they start at just $335,000.

Exasperating for potential buyers, exhilarating for existing owners: the median price for a house in all capital cities has gone up for yet another quarter.

Over the past year, median house prices have shot up by a staggering 24 per cent – or $272,887 – the fastest annual growth since Domain records began in 1993.

Prices have gone up yet again, but the rate of growth is slowing. And that means the WA capital now has a new record, with prices elsewhere soaring.

Canberra’s median house price has cracked the $1 million mark as heightened buyer demand pushes house prices to new heights, raising concerns over housing affordability.

With its leafy streets, period homes and prestigious schools, this suburb has long been regarded as the epitome of all that defines Melbourne’s inner east.