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Neighbourhood gentrification entails a gradual but significant change in the socio-economic profile of homebuyers active in a particular suburb or region.
Sydney and Melbourne units are almost as expensive to rent as houses, according to the latest from Domain.
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Sydney and Melbourne both recorded clearance rates of 74% over the weekend, though volumes are down.
On a weekend that few properties came to market, buyer support was firm - a trend that could continue throughout the year.
Median weekly house rents in Melbourne Adelaide, Hobart and Canberra are higher than ever.
Weekend auctions are no longer the frenzied scene of a few months ago.
Higher interest rates have spooked buyers, with Sydney's auction rate falling to a 3-year low.
The Sydney median house price has increased to $1,000,616, according to Domain data.
Domain report analysis the growth rate of property prices within government school catchment zones nation wide.
Rent remains at record levels in most capital cities.
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