With more than a month behind us since the auction season opened up again, it is worth taking a snapshot of the market by looking at how the auction clearance rates have been performing, plus considering the supply of listings.

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Two ACT suburbs have been named in the top investment areas across NSW and the territory by McGrath Estate Agents.

In his autumn market review, McGrath real estate chief executive John McGrath listed Dickson and Kambah amongst the best buy suburbs outside Sydney for future growth.

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The weekend's damp weather made for some challenging auctions held among crowds of umbrellas and pouring rain but another clearance rate above the 60 per cent mark delivered relief to agents and buyer advocates.

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Part of the Riverside Estate bordered by Doncaster, Bulleen and Burke Roads, Walbundry Avenue is just one of several leafy streets blessed with an abundance of original between-the-wars houses. The Riverside Estate has a quiet, restrained elegance that, although only a 10-minute (off-peak) freeway drive from inner-city Melbourne, feels a world away.

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Is a house made out of brick worth more than a weatherboard house? That depends on where it is.

As the three little pigs found out, building a house with brick has its advantages.

They are long-lasting (able to withstand plenty of huff and puff), well insulated, easy to build on and good-looking. For these reasons, agents say, brick is the material of choice for many Sydney house buyers.

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The Perth's love of big houses was bad for the environment according to Masters of Environmental Design researcher Dirima Cuthbert from the University of Western Australia.

Ms Cuthbert said many Perth houses were not energy efficient and building regulations did not encourage home builders to change their ways.

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Sydney had 92 suburbs with a median house price of more than $1 million for the last six months of 2011. This compares with 17 in Melbourne, 14 in Perth, two in Brisbane, four in Adelaide and one in Canberra.

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