Story one of ten today, about five minutes for the lot

Red brick single-storey house with bow window, tiled roof, green lawn, parked cars visible

Owner-occupier beats 10 developers to buy Merewether property for $2.81m

A 635-square-metre corner property in Merewether sold for $2.81 million after 12 bidders competed at auction.

Why it mattersShows owner-occupiers can still compete with developers for prime sites when location and size align.

AustraliaNewcastle property market remains competitive despite broader slowdown; demonstrates strong local demand for development sites.

✓ Claims checked against the source and corrected before publish. checked 3 d ago

Next in today's edition

Aerial view of modern suburban homes with varied architecture along a residential street

✓ ABC NewsMoney & Work

Sydney and Melbourne luxury homes slide past 10 per cent from peak

Top-tier homes fell more than 10.7 per cent in Sydney and more than 10.5 per cent in Melbourne; low-priced properties held steady.

Why it mattersProperty investors and high-end sellers are bearing the brunt; tight affordability and investor caution could weigh on the broader market.

Aerial view of rural property with farmhouse, dam, and pastoral fields.

✓ ABC NewsMoney & Work

Darling Downs property prices climb as coastal Queenslanders flee west

Coastal Queenslanders are selling high and moving to the Darling Downs, where property prices still rise.

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Owner-occupier beats 10 developers to buy Merewether property for $2.81m

Next in today's edition

Sydney and Melbourne luxury homes slide past 10 per cent from peak

Darling Downs property prices climb as coastal Queenslanders flee west

That is three stories, about two minutes.

Tomorrow's edition, 7am