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Melbourne house prices

Today

Rising listings, poor affordability slash house price growth

The rate fell by a third to 1.9 per cent across the combined capital cities during the September quarter, a new report from Domain shows.

  • Nila Sweeney

This Month

Sydney house prices are poised to increase by around 12pc  this year and by another 5pc next year.

Sydney, Brisbane, Perth house prices to rise 12pc this year

The rosier prediction comes as expectations for a wider housing market recovery over the next few years strengthen.

  • Updated
  • Nila Sweeney
The St Georges Road property sits on over half an acre and comes with a pool and tennis court.

Smorgon family sells $30m Toorak mansion in secret deal

Michael and Hayley Smorgon, members of Melbourne’s billionaire Smorgon dynasty, have sold their family home on St Georges Road in an off-market agreement.

  • Bonnie Campbell

Where property demand is set to soar

Australia’s population tipped to boom by more than 7.4 million over the next two decades, sending demand for dwellings soaring.

  • Nila Sweeney
Thousands of us indulge in real estate daydreaming.

‘We send each other houses’: Real estate is the new couples’ therapy

Do you and your partner scroll through property listings for a dream home that you’ll never buy? You’ve got house fever.

  • Shane Watson
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Suburbs with the highest granny flat potential

More than 655,000 granny flats could be built across the country straight away to help alleviate the housing shortage.

  • Nila Sweeney

Investor exodus gathers pace in Melbourne, Sydney

More investors are bailing out of inner Melbourne and Sydney markets amid weak capital growth and large increase in holding costs.

  • Nila Sweeney
31 Kerferd Street, Malvern East sold for $6.3 million.

Melbourne home sells for nearly $1m more than asking price

Sydney’s auction success rate increased by 2.6 per cent as home buyers compete for a scarce number of properties.

  • Campbell Kwan
Andrew and Chloe Podgornik are hoping to reset the Bronte suburb record when they sell their architect-designed home on Gardyne Street.

Inside the two trophy homes set to smash Sydney’s coastal records

In Sydney’s eastern suburbs of South Coogee and Bronte, two luxury home listings are expected to set new records in the lead up to Christmas.

  • Bonnie Campbell
Owners of unused or abandoned property are being told to develop them or sell them to someone who will.

‘Build or sell’ land tax to spur housing will backfire, developers say

Property industry figures warn Victoria’s vacant land tax tweak will add pain to developers already struggling to start construction due to high input costs.

  • Gus McCubbing

Former NAB boss Bradford sells Woollahra mansion listed for $20m

Bradford and wife Alison have sold their grand property in Sydney’s eastern suburbs, while Lendlease clocks strong presales in Melbourne’s CBD.

  • Bonnie Campbell
Bunnings says its investments in manufacturing could one day see the retailer move into producing other key products like doors and window frames.

‘Develop or sell’: Labor widens vacant land tax in Victoria

Victorian Treasurer Tim Pallas wants landowners to develop vacant lots or sell them to help ease the housing crisis.

  • Updated
  • Gus McCubbing

Rate of house price growth eases at the upper end of the market

In the past three months, the premium end of the Sydney housing market posted the slowest reading since February.

  • Nila Sweeney

Sydney home prices jump 11pc in nine months

Since bottoming out in January, prices in the NSW capital are on track to hit new highs by early next year, according to CoreLogic.

  • Nila Sweeney

September

Loss-making, short-hold listings surge across Sydney, Melbourne

The share of short-held listings selling at a loss has ballooned in the inner-city areas, reflecting their weaker performance in the past three years.

  • Nila Sweeney
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The toughest suburbs for Sydney renters revealed

These previously affordable housing markets are now becoming out of reach for many renters after rents surged in the past year according to Suburbtrends.

  • Nila Sweeney

Melbourne house prices to jump 12pc in 2025

Higher demand and constrained supply is set to push Melbourne’s housing market to outperform Sydney over the next two years, KPMG predicts.

  • Nila Sweeney

Sydney house beats reserve by more than $700,000

Preliminary clearance rates rose across the board, with Sydney lifting to 74.4 per cent, the highest since August according to CoreLogic.

  • Nila Sweeney

Victoria’s housing shake-up risks dampening property price growth

Property experts say new housing supply will likely pop up near public transport routes, in inner-city areas and in new suburbs, and may dampen capital gains.

  • Nila Sweeney
The P&O-style house, Point Seymour, has sold for about $40 million.

Profit-making sales rise even as more recent homeowners bail out

With dwelling values still 4.6 per cent lower than they were before interest rates started rising, homeowners reselling within two years had incurred $30,000 loss on average.

  • Nila Sweeney