Property consultancy Knight Frank says buyer demand up 54 percent compared to the five-year average.
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The reform would give homebuyers in New South Wales a choice to pay stamp duty or to pay an annual property tax.
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Housing Industry Association figures show new home sales rose 15.2 percent in May, even though the HomeBuilder scheme ended.
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Construction for the $2.7-billion project, which will raze several famous buildings, is continuing amid a raging pandemic.
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Reserve Bank is comfortable that lending standings have not dropped in the latest housing boom but remains to watch developments.
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Home prices rose 2.2 percent across the nation in May with gains of more than one percent recorded in all capital cities.
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Australian cities need more "urban experiences" in the sprawling outer suburbs says a leading planning and design consultancy.
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South Australian Labor Party says it will spend $777,050 to help build monuments celebrating Indigenous leaders.
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It's the strongest increase since 2005.
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