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Melbourne house prices

Today

First home buyers can afford only 12 per cent of homes in Australia compared to 30 per cent five years ago.

First home buyers can afford only 12pc of properties

The number of suburbs affordable to first home buyers has diminished considerably, but Australians aren’t giving up on the home ownership dream.

This Month

The Bellevue Hill house sold by flower businessman Leo Lynch $61.5 million to freight industry boss Arthur Tzaneros.

Paved with gold: Australia’s most expensive streets revealed

New data shows Bellevue Hill in Sydney’s inner east is home to some of the most expensive streets in the country. Melbourne has just one in the top 10.

November

… has bought the Sims six-bedroom Brighton mansion for about $25 million.

Goldman Sachs kingpin snags a premium buyer for Brighton mansion

Built by a Rich Lister, sold by an investment banker and bought by a luxury developer, the bayside home has changed hands at a premium to its price guide.

Perth is expected to drive house price growth next year along with Brisbane, Adelaide and Darwin.

Perth house prices tipped to jump 16pc as buyers race to smaller capitals

Dwelling prices in the smaller capital cities are expected to accelerate faster than in Sydney and Melbourne, according to SQM Research. Not everyone agrees.

A four-bedroom house on a large block at Carindale in Brisbane sold for $1.69 million, with the final bid being separated by just $100.

Brisbane ‘good value’, as $1.7m from auction goes to animal charity

The spring homes selling season is having a weaker end than expected as buyers confidence drops slightly due to interest rate cuts looking less likely.

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The Victorian government has announced new laws to stamp out the state’s rife underquoting in its residential property market.

Victoria cracks down on underquoting with reserve price law

Too many young, prospective first-home buyers are being lured by sales campaigns to auctions for homes they could never afford, according to the state government.

Sydney’s median house price hit due to hit $1.9 million in 2026.

Sydney median house price to hit $1.9m, records for all cities in 2026

All capital cities are expected to reach record median values next year, with the first home buyer scheme a key factor pushing prices higher.

October

Homes values are rising at their fastest rate in two years as first home buyers and investors flood the market while supply remains tight.

APRA warning as investor lending growth hits 10-year high

Regulators have warned banks they might have to rein in lending to property investors as new loans rise at the fastest pace in a decade.

Perth is less than $20,000 away from having a median house price of $1 million, cementing Australia’s entrenched housing unaffordability.

Perth house prices near $1m milestone as Sydney hits record $1.76m

Sydney house prices jumped 6.3 per cent in a year as all major mainland capitals near million dollar medians.

Ruslan Kogan’s sister buys her third Toorak home for $9m

Svetlana Kogan, a marketing professional based in New York City, has bought another property in the exclusive Melbourne suburb – this time on Torresdale Court.

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You can make $17,000 back on rooftop solar, before energy cost savings

Besides reducing your electricity bills, there’s another reason to add panels to your home, and it’s not because the government wants you to.

AFR readers want the federal government to introduce an EV road user charge.

‘Tax EVs’: AFR readers back road user charges

As the Albanese government puts the brakes on an electric vehicle tax, a huge majority of readers say a $300 levy would not stop them buying an EV.

Brendan Rynne’s house in Armadale.

KPMG chief economist (and serial renovator) to sell $9m Melbourne home

Brendan Rynne has listed his ninth renovation project in Armadale, while Balmain East’s landmark Ewenton House hits the market.

The suburbs poised for a first home buyer price boost

Economists and mortgage brokers expect property prices in suburbs popular with first home buyers to jump more than 0.5 per cent.

House prices to rise as wave of first home buyers expected

Home values have had their biggest monthly gain in two years and are expected to keep rising thanks to a “spring trifecta” pushing the market higher.

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September

Buying or selling? Six charts explain why sellers have an advantage

The data is pointing to a win for sellers this spring as buyers have more cash and their options are limited but agents in the premium market disagree.

Sydney based property investors Adam Gillies and Nadine O’Regan have taken a punt on the Melbourne market.

These Sydneysiders spent $3.8m betting on a Melbourne property rebound

A stamp duty concession for investors has bargain hunters looking to buy the dip in Melbourne. There are five suburbs to watch.

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‘Desperate’ first home buyers average $804k spend in Sydney

Australian buyers need an average of $637,000 to secure a first home, and they’re becoming resourceful to meet their borrowing needs.

Home with “potential” on 47 Buckland Street on Alexandria sells for $2.96 million.

Home with ‘potential’ sells for $3m but warning signs emerge

Clearance rates have risen to high levels but sellers in the premium market need to lower their expectations, a buyers’ agent says.

Premier Chris Minns at the site of the new rail station at Woollahra, where the NSW government wants thousands of new homes developed.

Force NIMBY councils to build more homes: AFR readers

The majority of polled readers of The Australian Financial Review believe the states should be allowed to force uncooperative councils to increase urban density.

Original URL: https://www.afr.com/topic/melbourne-house-prices-1mo3