Elizabeth Redman is the national property editor at The Age and The Sydney Morning Herald.
Landlords are asking tenants to find hundreds of dollars more a week for the same properties than they were a few years ago.
Six bidders registered for the auction of the art deco apartment, including first home buyers and investors.
The builder has seen regulations blow out over the years, making it harder to deliver affordable housing.
More than 60 per cent of Australian households contain only one or two people, but new research shows most homes are family-sized.
Work has started on speeding up the delivery of new home-building, but there are also options to put existing homes to better use.
Stamp duty has risen faster than incomes over the past two and a half decades, slugging current home buyers with extra costs compared to a generation ago.
Three parties fought with rapid-fire bids, pushing the price more than $200,000 above the sellers’ hopes.
The gap between top-end house prices and more affordable abodes has narrowed, but mansions in some areas are priced far above the rest.
Never have so many homes been delivered over a five-year period – but there could be a better solution.
Some of Australia’s most sought-after coastal towns have twice as many Airbnbs as average, and one beach hotspot has 10 times as many.