Joseph Walton

Buyers and sellers in the Sydney real estate market should expect a strong spring, but then a few years of flat capital growth, says John Cunningham, president of the REINSW.

Bonnie Whyte of klemich sold a four-bedroom, stone home in Adelaide's Malvern for $2,096,000 at auction on the weekend. Eight parties wanted to buy the home, she told SCHWARTZWILLIAMS.

"The market for family homes is very, very strong, especially homes near good schools," Andrew Boyce of Hodges Brighton told SCHWARTZWILLIAMS.

Bayside suburbs, such as Albert Park, Middle Park, and South Melbourne, are attracting higher prices per square metre than Melbourne's most exclusive suburbs, according to the latest data from the REIV.

Newcastle real estate is benefiting from new transport infrastructure and Sydney affordability pressures, says John Church of PRDnationwide Newcastle.

New data from the REIV shows three and four-bedroom homes in middle-ring suburbs are the fastest growing property type in Melbourne, which itself is the fastest growing market in the country.

The five-bedroom, 2003-built Queenslander sold through Meagan Muir of Place Bulimba for a Cannon Hill record of $1.32 million on the weekend.

Auction data shows the Melbourne market continues to outpace Sydney.

Despite it being a holiday weekend, last week saw a number of strong sale results around the country.