Days on market have blown out to nearly two months in some areas,while other homes are whisked off the market within weeks.
A local family purchased the four-bedroom home for $650,000 above reserve,beating two others for the stylish Edwardian residence.
Interest in the campaign was mostly from first time buyers and eight parties registered to bid,but a late auction entrant changed the game.
Melbourne has about twice as many as Perth and Adelaide,which is why the Victorian capital has recorded a lower median value.
Properties are selling rapidly in trendy and affordable pockets of Sydney,defying a broader slowdown in which many homes are taking longer to sell.
At $399,000 this stand-alone Gosnells home is the cheapest in Perth - but buyer beware,she comes with baggage.
Knock,knock:Bellevue Hill trophy home trader Stephanie Conley-Buhre shows why it pays to always answer the door to real estate agents.
A few years ago,buyers worried about missing out. Now,they’re more concerned about not over-stretching budgets.
The six acre property in Hammond Park has been owned by the same family for nearly four decades.
Picky home buyers are passing over properties for sale that don’t tick all their boxes,leaving listings lingering on the market.
Buyers looking for falls in prices will be disappointed,but a full and rewarding lifestyle is on offer in the areas where rises in house price weren’t extreme.