Property prices rising at an annualised rate of 20 per cent in Sydney and Melbourne have spurred developers to start bidding for housing project sites again but also have raised serious concerns about housing affordability.
Property prices in St Kilda and the rest of Melbourne are again surging.
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Ingrid Fuary-Wagner is the AFR's explainer editor, based in Sydney. She previously wrote about property and before that was news editor at Domain. Connect with Ingrid on Twitter. Email Ingrid at ingrid.fuary-wagner@afr.com
Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
