The national auction clearance rate edged up to 74.6 per cent in the week to May 7, from 74 per cent the previous week, according to the latest data from housing market analysts CoreLogic.
Average-income Australians are struggling to make ends meet while paying rent in NSW and Victoria with the demand for rental properties surging by more than 250 percent in some suburbs.
Victoria will spend $300 million building a nine kilometre bypass around suburbs on Melbourne's southeastern edge. Construction on the Mordialloc bypass will start in 2019 and will take traffic from Springvale Rd in Aspendale Gardens to the Dingley Bypass. "We'll build the Mordialloc Bypass to slash congestion and create jobs in Melbourne's southeast," Premier Daniel Andrews said on Tuesday.
