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There are 156 suburbs in Sydney and 15 in Melbourne where every house sold this year has changed hands for more than $1 million.
PRICES
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Sydney property prices rose by 3% in May, or more than $30,000, according to the latest CoreLogic data.
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The reserve bank has continued to hold interest rates at a record low of 0.1% as house prices across Australia keep rising.
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Australia’s housing boom continued apace in May as buyers buoyed by the economic recovery rushed to take advantage of record-low interest rates.
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Essential workers are being pushed to the edge of the city fringes due to a lack of affordable housing, a new report has found.
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The Real Estate Institute of WA has forecast 15 per cent growth for Perth property this year but some local suburbs are on track to exceed that.
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As prices boom at a double-digit pace across Australia's regions, a property buyer has warned first-time investors.
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Residential property markets in major economies will soar this year on huge fiscal support and amid a recovery from the pandemic, according to Reuters polls.
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When residential properties are selling for up to $100,000 more than their listing price, in what is typically a steady property market, you know something is u…
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Stronger wage growth coupled with lower interest rates has given Western Australia the economic capacity to achieve substantial rises in property values.
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As Melbourne’s median house price is expected to reach $1 million by June, economists say a $2 million property is not considered as top end as it once was.
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Property valuers predict more price hikes (https://www.9news.com.au/national/australia-property-prices-home-ownership-dream-dying-as-valuers-predict-further-spike/dbdb6160-ea91-48d1-b3da-bf40ea607503)
Young Australians are increasingly giving up on the dream of home ownership as soaring house prices and stagnant wage increases scuttle their dreams.
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