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This week, we're tracking market heat maps, equity-powered buying, and the rise of the million-dollar suburb. From Perth’s surge to Victoria’s densification debate, and Sydney buyers stretching their limits, here’s what every savvy investor and buyer should know now.
– The HomeGuru Team
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Auction Clearance Rates
Investors
Hot or not? Where property markets are heating up and cooling down (REA)
The best properties for sale across Melbourne and Victoria right now (Domain)
Victorian Government at war with NIMBYs over skyscrapers for suburbs plan (News.com.au)
Perth records $780k median house sale price amid decrease in supply (SPI)
Growing property tactic that allowed 25-year-old to buy first Sydney home: 'Worked out well' (Yahoo)
Home Buyers Around the Country
Million-dollar club: 800 suburbs join since 2015 (REA)
First home buyer secures $4.23 million Strathfield home with dad’s help (Domain)
How can people keep bidding prices higher? It's all about the equity (OzProperty Insights)
To build more affordably, either construction costs or land prices must fall (Ray White)
Luxury home sales take off as Australians get richer (AFR)
Interest rate cuts fuel jump in property prices, with more still to come (9News)
Property Stat of the Week
Credit: Oz Property Insights
Property Chatter
Former CBA Chief, David Murray, looking for $35m+
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