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

File image: Red brick Edwardian-era house with white timber verandas and decorative detailing

Young families bid fiercely for Elwood Edwardian, defying cooler market

Five-bedroom Edwardian sold for $3.1 million, $320,000 above reserve, after three buyer groups competed fiercely on auction day.

Why it mattersThe sale defied predictions of a cooler spring market, showing strong competition among buyers seeking family homes in inner suburbs.

AustraliaFor Australians considering selling property, spring momentum in inner-city Melbourne suggests solid buyer appetite, particularly for family homes.

✓ Claims checked against the source and corrected before publish. checked 5 d ago

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

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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.