Plans to move out of the city and buy a home in the regions come very close to stacking up - if workers can pull it off.
From an impressive Italianate mansion to a sophisticated penthouse with ocean views,we’ve rounded up our pick of the bunch.
There were three buyers who registered to bid on the home,including local downsizers,but it passed in at $3.29 million before eventually selling.
Buyers are paying huge prices for property in beachside hotspots that cost much less before the pandemic hit.
‘I just love the property. I’m very,very happy to be in this neighbourhood,’ said the new owner,who bid in front of a 100-strong crowd.
A string of popular spots are cheaper than a year ago – but in other neighbourhoods,prices are only getting more expensive.
There are more opportunities for buyers now than a few years ago in an end to the boom that had pushed prices to unaffordable levels.
Amid a widespread rental crisis,a handful of neighbourhoods bucked the trend.
Some investors have been deterred by higher taxes,but others are snapping up properties in cash in inner-city suburbs.
When Essendon director Andrew Muir sold his Toorak house for $28m+ he bought a Flinders spread and a Carlton terrace. Now he’s offloaded the pied-à-terre.
Families bought in years ago,and loved the neighbourhood so much they stayed - sometimes for decades.