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Melbourne house prices

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Christopher said properties could sit on the market for six months or more if they were overpriced.

Why more properties are sitting on the market across Australia

Data shows that more homes are taking longer to sell than this time last year in some cities, and experts say it’s largely due to sellers.

  • Jim Malo

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A swathe of those with a mortgage have less than $10,000 in savings.

First-home buyers used tax cuts, rate reductions to feed their mortgages

Some have the cash saved to buy a home under the federal government’s deposit scheme, but affordability issues may stop them purchasing.

  • Emily Power
43 Miller Street, Fitzroy North

Fitzroy North four-bedder sells for almost $1 million over reserve

The architecturally designed home sold to a young family for $4.475 million, $950,000 over reserve at a “very competitive” auction on Saturday.

  • Shona Hendley
The renovated Victorian house in Brunswick.

Interstate buyers swoop to win $1.8m Brunswick house from locals

The winning bidders were buying through their daughter, who lives locally, and triumphed over downsizers to buy the renovated Victorian.

  • Abbir Dib
Katie and David Connolly have lived in Melbourne’s west for 13 years, and love the area.

Unexpected achievers of Melbourne’s housing market

Among the Melbourne suburbs where house prices have jumped most in three months, the more affordable and family-friendly outer suburbs have featured prominently.

  • Caroline Zielinski
47 Donald Street, Prahran.

The 7 best homes for sale in Victoria right now

Buyers dreaming of a mountain retreat or a character home in the inner city could find their next property among this week’s best listed homes.

  • Mary O'Brien and Lou Sweeney
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Buyers are becoming more confident after rate cuts.

How rate cuts could make buying at auction harder

A key metric has revealed buyers could face more competition when buying at auction, after rate cuts gave the property market a shot of confidence.

  • Jim Malo
An auction in Roseville, Sydney, where the median house price has hit $1,691,731.

How the property market became millionaires’ row

Sydney’s median house price hit $1 million about a decade ago and has climbed since, while Melbourne has been hovering above $1 million since the lockdown-era.

  • Shona Hendley
While the average home value in NSW remains the highest at $1.25 million, Queensland has overtaken the ACT.

Average Australian home value passes record $1 million

Despite growth in the number of residential homes and a slowdown in price growth, the value of Australian homes across all states climbed in the first three months of the year.

  • Millie Muroi and Shane Wright
71 Heatherhill Road in Frankston sold for $1.553 million on Saturday.

Multi-generational family buys $1.55m Frankston home in fast-paced auction

Three families of varying sizes battled it out for a five-bedroom, double-storey cottage in Frankston.

  • Shona Hendley

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