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    Property prices

    Yesterday

    The housing market looks just right to REA Group boss Owen Wilson.

    Why this $27b giant sees a Goldilocks housing market

    Demand remains strong, as are listings. That’s just about perfect for the housing market’s most important middleman.

    • James Thomson

    This Month

    Glenn and Susie Molloy outside their home of 16 years in Camp Hill, in Brisbane’s inner east. They are set to move out of the family home later this month.

    How this Brisbane couple added a sea change to their downsizing

    Susie and Glenn Molloy wanted to live close to the water after one of their parents passed away, so they moved to a duplex near Port Stephens in NSW.

    • Campbell Kwan
    More than three out of 10 suburbs are now fetching more than a million dollar median house price, with 34 suburbs joining the club in the past 12 months according to CoreLogic.

    Share of $1m suburbs blows out in Perth, Adelaide, Brisbane

    The share of suburbs across Australia with a median house price of more than $1million is poised to surge in the next six months.

    • Nila Sweeney
    The neighbouring buildings come with a permit for redevelopment into luxury apartments.

    Surf Dive ‘n’ Ski founder lists neighbouring period buildings for $30m

    Fadil Sadikay is selling the South Yarra apartments with a permit to turn them into a luxury development.

    • Larry Schlesinger
    The Victorian home dates back to the 1890s.

    Developer Guy Nelson puts Melbourne period mansion on the market

    The grand Victorian home on Sorrett Avenue in Malvern is being sold by the former Macquarie Group real estate boss and founder of developer Alpha Partners.

    • Larry Schlesinger
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    The two-bedroom, semidetached home on 158 square metres at 12 Redmond Street in inner-western Sydney’s Leichhardt sold by private treaty for $1.43 million.

    Vendor goes for ‘bird in hand’ to sell terrace for $1.43m

    In a market with two camps of buyers, those on the rebound are acting faster than those thinking the market might slow more.

    • Michael Bleby

    Rate reprieve fails to ignite auction markets

    Preliminary auction clearance rates slumped across Sydney as home buyers remained cautious and terrified to commit, amid still high mortgage and holding costs, experts say.

    • Nila Sweeney
    Growth in unit values was greater than for houses in more than half of all Sydney suburbs, CoreLogic data shows.

    Unit prices rising faster than houses in 60pc of all suburbs

    Units are predicted to continue to outperform houses in the foreseeable future, even as the gap in values widens.

    • Nila Sweeney
    The ongoing slump in the housing market is making life tough for consumers and retailers alike.

    Two surprising cities to pass Melbourne home values within a month

    The shift in the ranks comes as prices continue to increase sharply across Adelaide, Perth and Brisbane, while Victoria’s capital and Sydney weaken.

    • Nila Sweeney

    July

    High-end property boom sweeps southern Europe

    As the Continent faces a housing-supply crunch, Americans have become a key prospective buyer base in many cities.

    • Charlotte Hughes-Morgan
    Brisbane’s rapid pace of growth has likely peaked.

    Brisbane’s property price hot streak may be about to end

    Brisbane’s rapid pace of growth has likely peaked but Perth prices are still “shooting the lights out”, experts say.

    • Nila Sweeney
    A two-level penthouse in Benson’s Society development in Armadale sold for $17m.

    Melbourne penthouse prices tipped to double as demand surges

    Project marketers and valuers have tipped the average price of a Melbourne penthouse to double to $60,000 per square metre in the next few years.

    • Updated
    • Larry Schlesinger
    Sydney-based investor Rich Harvey said the proposed eviction rule “goes a bit too far against landlords like me.”

    NSW’s eviction rules will trigger landlord ‘exodus’

    The NSW government’s proposed ban on evicting tenants without reasonable grounds will spark landlords’ exodus and deprive the state of billions of dollars in investments in the rental sector, property investors warn.

    • Nila Sweeney
    The Lansell Road home was one of the first in Melbourne to be built in the California Bungalow style.

    Trend-setting Toorak mansion for sale for the first time in 70 years

    Ballara was one of the first Toorak homes to be built in the simpler California bungalow style that soon spread across suburban Melbourne.

    • Larry Schlesinger

    The millions being made in flipping luxury homes

    Four out of the top 10 most expensive houses sold last year were held for less than five years.

    • Nila Sweeney
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    Sydney house prices at a record high but growth slows

    Brisbane, Perth and Melbourne are poised to hit new milestones in the next six to 12 months but prices in Sydney and Adelaide are likely to moderate.

    • Nila Sweeney

    Canada rate cut fires up housing market

    Falling interest rates can trigger a rush of activity, pushing up house prices. Policymakers must deal with the ripple effects when the market takes off.

    • Aimee Look
    Home values in some inner Melbourne suburbs such as Brunswick West rose by 2.5 per cent in the past three months, reversing sharp declines in the previous quarter according to CoreLogic.

    Why Melbourne could beat other cities in the next housing upturn

    Melbourne’s prolonged downturn is priming the city for a strong rebound when interest rates fall, experts say.

    • Nila Sweeney

    Turramurra home sold for $4.6m despite weaker winter market

    The national auction market is losing steam ahead of the spring selling season, with buyer demand waning as expectations of a rate cut this year fizzle.

    • Nick Lenaghan

    The suburbs turning into buyers’ markets as listings pile up

    The sharp increase in inventory levels is creating favourable conditions for buyers, experts say.

    • Nila Sweeney