Australia 's property market it showing no signs of slowing down . A Surry Hills home with holes in the roof sold at auction for $ 1.5 million . A Byron Bay beachfront home was swooped up for $ 10 million . The average price per square metre is now over $ 1 million, and that includes a lot more expensive suburbs like Manly which are still struggling to recover from the last recession.
Australia 's property market it showing no signs of slowing down . A Surry Hills home with holes in the roof sold at auction for $ 1.5 million . A Byron Bay beachfront home was swooped up for $ 10 million . Brigitte Blackman , from LJ Hooker , says prices are only set to rise . She believes low interest rates are driving up house prices . However a 'gingerbread house ' failed to sell despite the demand .