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Parts of Australia's property market are surging into record territory, while other parts are languishing, shows Domain's September Quarter House Price Report.
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Melbourne’s median house price increased 3.2 per cent in the September quarter to $740,000, according to the REIV.
Victoria’s west, from Horsham to Geelong, has led the way of solid home price growth, the latest REIV price data as of 30 September shows.
Buyers are snapping up Perth properties as affordability improves, says Vivien Yap of LJ Hooker Claremont.
The latest median house price data shows that Queensland’s 10 most expensive suburbs are all located in Brisbane.
It's still possible to find good value in Melbourne's property market; you just have to know where to look.
House prices are back on the rise, but apartment prices are being weighed down by oversupply and weakness in the resources sector, says Domain.
Some relief for home buyers today, with Domain revealing Sydney's median house price recorded its second consecutive quarterly fall.
Weaker investment activity is weighing on the Australian housing market, says the REIA.
Perth has seen higher demand in the trade-up sector of the housing market.
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