• IT HAS been a hell of a year for the Australian property market.

House prices have soared in Sydney and Melbourne, while remaining flat in Darwin and even retreating in a post-mining boom Perth.

The Reserve Bank of Australia cut the cash rate not once, but twice — in May and August — giving us some of the lowest mortgage rates Australia has ever seen.

READ MORE VIA NEWS.COM.AU

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The Gold Coast is expected to outperform everyone in 2017 with house price growth well into the double digits.Source:News Corp Australia