A jump in house prices in Sydney and Melbourne over the past month has pushed the average value of homes in Australia's capital cities to a record high.
Sydney has been named a world class city for residential real estate in a new index from Savills.
The official capital city house price index has climbed 3.1 per cent in the June quarter, with prices up 18.4 per cent on the year.
After doing the hard yards in Singapore, the Pogonowski family knew there was only one place they'd like to call home when they returned to Australia. A 16km dr…