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Melbourne house prices

Yesterday

The pace of house price growth eased dramatically in Sydney as the number of new listings grew.

Home prices climb to record high

The February interest rate cut has revived confidence and boosted demand, despite only a small improvement in affordability.

March

The housing affordability crisis has led to immigration restrictions, whacking IDP Education.

Housing market recovery gathers steam

With a helpful kick from the Reserve Bank’s first interest rate cut, Sydney and Melbourne house prices are climbing once again after modest recent declines.

Sydney’s affluent eastern suburbs are now among the most favourable housing markets for deep-pocketed buyers after prices fell as much as 13 per cent in the past year.

Wealthy suburbs turn to buyers’ markets as house prices slump

Deep-pocketed home buyers could land discounted houses in the country’s most expensive markets where prices have fallen over the past 12 months.

The four-bedroom home on 1811 square metres at 8 Robertson Avenue in Melbourne’s Toorak sold for $19 million. 

Gentle pressure secures $19m Toorak sale

The first disclosed deal over $15 million in the city’s most expensive suburb this year suggests properties have started moving.

Nearly half of all apartments sold in central Melbourne during the December quarter were unprofitable due to poor capital gains, according to CoreLogic.

Last quarter’s least and most profitable housing markets revealed

Home sellers racked up record profits in the December quarter, but apartments delivered losses for many owners in Melbourne and Sydney.

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Melbourne home buyers are becoming more bullish as the market starts to recover.

Melbourne’s home buyers turn bullish after rate cut

The city’s housing market recovery is forecast to gather steam as buyers embrace a better borrowing environment.

House prices in affluent suburbs such as Cremorne in Sydney’s lower north shore posted the sharpest turnaround in the past three months, according to CoreLogic.

The prestige suburbs leading Sydney and Melbourne rebound

Affluent Sydney and Melbourne suburbs are posting solid rebounds in price after previously suffering the largest declines from their peaks.

Richard Laettemaegi in Melbourne.

Melbourne’s housing values snap 10-month decline

Melbourne and Hobart lead the abrupt recovery, while Perth, Adelaide and Brisbane slowed sharply.

Sydney two-bedroom house beats reserve by $725k as demand rises

Preliminary clearance rates held above the 70 per cent mark across Sydney and Melbourne amid signs demand is steadily returning after the rate cut.

February

The proposed tower at 153-157 Walker St, North Sydney, which could provide 520 homes.

Office tower to apartment block: Inside the new push to fix housing

Planning reforms in Australia’s two biggest states have sparked political backlash, but will buyers and developers fill in the missing middle?

The owners say they can’t knock down the dilapidated building at 1 Rathdowne Street without a demolition permit.

Melbourne’s ‘biggest eyesore’ could be targeted in housing blitz

Victorian Planning Minister Sonya Kilkenny says a disused former Cancer Council building in the heart of Melbourne could be cleared for development into new homes.

There are many tax incentives for residential property investment, but not so much for investment in innovative enterprises.

Which suburbs have become affordable after the rate cut?

A number of desirable suburbs that were previously unaffordable are now within reach for high-income and median-income earners, according to CoreLogic.

Planning Minister Sonya Kilkenny and Premier Jacinta Allan have warned councils they will seize planning powers if they fail to create more housing supply.

Victoria must give up ‘ideological attachment’ to apartments: Metricon

Victoria will continue to miss housing targets until it realises Millennials and migrants want detached homes, not inner-city apartments, Metricon chief executive Brad Duggan says.

PropHero co-founders Pablo Gil Brusola and Michael Roger have raised $25 million and secured investment from ex-All Black’s captain David Kirk

Bailador backs $100m property AI app challenging buyers agents

PropHero matches investors with properties in Australia, Indonesia, Ireland and Spain and claims to have outperformed the market on every investment.

Paul Edward Gradie.

Rate cut to boost buyer sentiment, but not house prices

The RBA’s decision to cut the interest rate is poised to stabilise home values in Sydney and Melbourne, but unlikely to spur a surge in prices.

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Melbourne property investor Khaysan Kimberlin and her dog Willow in Richmond.

Is the worst over for Melbourne’s housing market?

Pockets in the city are starting to bounce back as first home buyers and investors take the plunge, buyers’ agents say.

The number of scheduled auctions fell sharply in the first two weeks of February as sellers lose confidence, experts say.

Home sellers ditch auctions as confidence falls

Fewer vendors are selling their properties under the hammer as weak selling conditions persist, experts say.

Jess Fitzgerald at her home in Burleigh Heads, which she is confident of getting a high price for at auction.

Slowing Perth, Brisbane housing markets boost affordability hopes

An improvement in housing affordability could drive demand back into the market, but is unlikely to spark a sharp rebound in prices, experts say.

January

A February rate cut will boost sentiment and help shorten the duration of the housing downturn, experts say.

Sydney’s housing downturn could end before election

The downturn in Sydney could end within months as interest rates drop, while Melbourne’s housing market is on track to recover earlier than expected.

Sydney, Melbourne to lead house price gains next year: KPMG

By December next year, Sydney is tipped to reclaim its top spot, with house prices expected to jump 7.8 per cent, followed by Melbourne’s 6 per cent gain.

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