Inside the Aussie homes that smashed price records in 2024 [Video]

Record amounts of money were spent on homes in parts of the nation throughout 2024, despite interest rate hikes strangling borrowing power and dwindling household savings.

Analysis of home sales in the past 12 months reveals multiple properties sold for more than double the previous record prices in their suburb — a trend likely to continue in 2025.

RELATED: Aussie suburbs leading nation’s house price boom in 2024 revealed

Many of the previous records had been set in 2020 and 2021 when interest rates were at all-time lows and families had a glut of savings to put toward deposits after being shuttered indoors during lockdowns.

A SNAPSHOT OF RECORD SALES IN 2024:

NEW SOUTH WALES:

YENNORA – Among the properties to smash records in Sydney this year was a house on 4700 sqm at 95 Fairfield Street in the southwest suburb of Yennora, which …