Ellen Lutton

A new breed of buyers are bypassing traditional renovations for complete rebuilds and architectural transformations, signalling what agents are describing as a ”new era” for Brisbane’s iconic timber homes.

The latest quarterly Domain House Price Report showed the median house price for the region of North Sydney-Mosman, which also includes suburbs such as Neutral Bay, Cremorne, Cremorne Point, Kirribilli and Cammeray, rose by 8.9 per cent over the three months to September.

Unit prices in the old-school Gold Coast suburb of Bilinga have surpassed some of the most iconic neighbourhoods in Australia, including Bondi, Coogee and Vaucluse, despite the fact the majority of the suburb is occupied by Gold Coast Airport.

Brisbane’s property market could overtake Sydney as the most expensive in Australia by 2032, with experts predicting massive price surges in key suburbs like Fortitude Valley, Bowen Hills and Kelvin Grove – and a city-wide boom ahead of the Olympic Games.

Thirty-two buyers registered to bid for the tiny postwar house in Kennedy Street, East Brisbane – and the ensuing result shocked the whole street full of onlookers.

The two-level orange brick flats, believed to be built in the 1970s, have been owned by the one family for decades – a common occurrence along this stretch of the coastline.

Billionaire Adrian Portelli made headlines last year when he secretly bought all five Block houses at the TV finale, but just seven months later he’s announced he’s selling the entire Phillip Island compound.

Live coverage of the RBA’s September 2025 interest rate decision, including expert insights on mortgages, house prices, and economist analysis.

Two Block houses are still for sale one week out from auction finale in Daylesford, leaving contestants Ben and Emma, and Han and Can, with no winnings yet.

Australia’s property market is facing its biggest tax shake-up in decades after Treasurer Jim Chalmers unveiled sweeping changes to negative gearing and capital gains tax in Tuesday night’s federal budget. Here’s what was announced – and what it could mean for house prices, rents, investors and first-home buyers.