Core Insights - The Australian housing market is experiencing a resurgence in buyer interest this spring, driven by declining interest rates and a surge in auction clearance rates to a two-year high [1][2] Group 1: Melbourne Market Trends - The Stonnington-West area, including high-end suburbs like Armadale and Toorak, is leading the demand in Melbourne, with average property views nearly three times the city average [4] - The median price for standalone houses in Stonnington-West is AUD 1.96 million, significantly higher than Melbourne's overall median of AUD 1.066 million [4] - The market is entering a "mature recovery phase," with high-end areas typically being the first to rebound [5][6] Group 2: Sydney Market Trends - In Sydney, the Inner West is the most competitive area, with property views in Leichhardt and Marrickville-Sydenham-Petersham exceeding the average by over four times [13] - The median price for standalone houses in Leichhardt is AUD 2.3 million, while Marrickville-Sydenham-Petersham stands at AUD 2.06 million, making them more affordable compared to the Eastern Suburbs [13] - Recent government plans to rezone Parramatta Road are expected to add 8,000 new homes, enhancing the area's future prospects [13][14] Group 3: Brisbane Market Trends - Brisbane buyers are increasingly favoring city center locations, with the hottest areas being Brisbane Inner West and Inner East [17] - This trend reflects a growing demand for urban commuting convenience and a return of investors interested in high-rise residential properties [17]