Investors are pouring cash into the property sector with hotels, development land and residential conversions worth more than $500 million changing hands in the past week. In the largest deal, a joint venture between Singapore developer Far East Land and Housing Development Company Pty/Ltd and the Hong Kong-based Sino Land Company Limited, has entered into an agreement to acquire The Westin Sydney and its adjoining Heritage Retail podium for $445.3 million.

The property market in Melbourne and Sydney has remained red hot despite warnings of a bubble and talk of investor lending curbs. Melbourne’s auction clearance rate rose to 82 per cent from last weekend’s 77 per cent and 71 per cent this time last year.

They are the suburbs where everyone wants to buy. In some cases hundreds or even thousands of properties have changed hands in the past year. From inner-city apartment markets and coastal hot spots to big regional towns, while the property types may differ vastly the one thing these suburbs and towns have in common is big transaction levels.