Units prove less volatile than houses but still lurch into price fall territory
Units price falls had been limited to the top end of the market but the contagion has spread to more affordable apartments, although there were some capital cities bucking the trend and rent yields across the board continue to surge.
Adelaide's relatively strong performance in the unit market is reflective of its affordability and low advertised stock levels. (Image source: Shutterstock.com)
Units have reinforced their reputation for stability relative to house prices, with apartment values falling at almost half the rate of detached homes.
Since peaking in April, house values are now reversing at a more rapid rate, falling 5.3 per cent, while values across the unit sector have declined by a more moderate 3.0 per cent.
When property prices were booming, houses enjoyed double the gains of units but the former’s subsequent fall from …
