Growth over for apartments as national real estate demand falls away
Selling conditions across Australia’s property markets have continued to weaken, with Perth and Adelaide proving an exception, while units are no longer delivering price growth in most areas.
Unit values across Sydney fell for the sixth consecutive month, taking values approximately $35,000 lower over the year to date. (Image source: Shutterstock.com)
As property prices continue to decline in most Australian real estate markets, units are still outperforming houses but their period of growth has ground to a halt.
Buyer demand across the board has been shown to have peaked in 2021 in almost every national housing and unit market. The notable exceptions were units and houses in Perth
, which peaked in February-March 2022 and units in Adelaide, which peaked later in 2022.With national dwelling …
