The fastest rumour doing the rounds this week is that Olympic runner Cathy Freeman will not move into the Brighton home she bought in September last year.

Much to the disgust of Toorak folk that live north of Toorak Road, agents argue that streets surrounding Albany Road and Irving Road (which run south of Toorak Road, to Malvern Road) are considered the finest in the suburb. So when a renovator’s delight bearing these addresses come onto the market – you know you’ll need big dollars to buy in.

Insiders say a new price record is likely for the understated south-eastern suburb of Ormond later this month.

It’s official – Australia is in the midst of a mini baby boom – and one that is causing a grand old game of musical chairs in Melbourne’s inner and middle ring suburbs.

The NSW Government needs to take immediate action to stimulate property investment by slashing property taxes, the Real Estate Institute of NSW said today.

A string of 19th century homes which have come up for sale in the tree lined streets of Coburg, has raised awareness of the humble suburb, particularly to those relocating from smaller homes in the inner city, agents say.