Melbourne’s median house price recorded its fastest pace of quarterly growth since 2013 during the March quarter, smashing through the $800,000 barrier for the first time, according to new data from the REIV.
The debate about housing affordability stepped up a notch on Thursday when CoreLogic revealed that its latest data shows Sydney property prices are on track to achieve growth of 19 per cent in the year to March.
How to get the most 'bang' from your renovations 'buck'
As property prices rise, more people are choosing to renovate their existing homes. David Wood of hockingstuart says renovations to the kitchen and bathroom and improving the garden deliver the greatest capital returns.