Property market

Sydney’s housing crisis is here and now – and the city’s young people don’t think they can wait much longer for large-scale solutions.

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It will still be a challenge to find tradespeople, and material prices are not about to fall, but there are hopeful signs on the horizon.

From pools and steam rooms to, yes, tennis courts: The most celebrated tennis stars call Monte Carlo, Miami, Marbella and New York home.

Property prices are weaker than they were a few years ago, but it’s not worrying locals who are keen to get on with their lives.

Take the capital city’s median house price of $1.65 million into regional NSW and your money can buy a lot more.

Property values went through a pandemic boom and bust, and while they’re not back to their peaks, they’re starting to pick up again.

Take the capital city’s median house price of just over $1 million into regional Victoria, and your money can buy a lot more.

In Brighton, a beach box could easily cost you $450,000. In Portsea, buyers pay up to $1 million. But elsewhere, they’re much cheaper.

Even locals are relocating along the coast for more affordable living and deeper community ties that the popular locale once had.

The property is changing hands for the first time in about 70 years, but another of the family’s homes could be yours for $100 million.