Prices in some suburbs have experienced a dramatic rise. SBS reports that home values are on the upward trend. Congestion in other areas could result in a significant loss of productivity. Property Update says that sharp price increases and overcrowding are shaping the living conditions in outer areas.
Auctions are taking place in Glen Iris suburb and Coburg suburb, Victoria. A 3000sqm property is listed for the western area. More auctions are scheduled for later this week. The local newspaper reports. Police operations in Bendigo and Napier suburb involved custody and security personnel. The real estate website says.