From apartments to million-dollar markets, the price falls continue
There are now 169 fewer million-dollar median property price suburbs in Australia, as unit and house prices continue to fall across all price ranges even as rents continue to surge.
National unit rents are still increasing at twice the rate of house rents. (Image source: Shutterstock.com)
The fall in national property prices is having an impact on the full spectrum of the property landscape, with the slide in the more expensive markets now flowing through to relatively affordable houses and apartments.
As property affordability worsened over the past few years, buyers had flooded into the unit market but buyers and sellers alike are now sitting on the sidelines.
CoreLogic's national unit value index declined by 0.8 per cent in O…
