The top end of the property market continues to surge, with the clearance rate hitting 77.1 per cent on the weekend, but a change of sentiment is "in the wind" according to John Cunningham, president of the REINSW.

A new survey shows that half of Australia's property investors aim to grow their portfolio this year, although some markets are more in favour than others.

Melbourne is gearing up for the biggest auction weekend so far this year with more than 1,500 homes set to go under the hammer.  

The Victorian government's decision to scrap the stamp duty exemption for buyers purchasing off-the-plan could mean lower supply of new dwellings, sending prices and rents higher, says Sam Tarascio of Salta Properties.