National unit prices rise for first time in almost a year
Six of the eight Australian capitals saw unit prices increase, as apartment values nationally rose for the first time in 11 months.
Apartments like these helped Melbourne record new a record peak in its quarterly rental growth trend, as did Sydney. (Image source: Shutterstock.com)
Unit prices in Australia increased 0.6 per cent over March, rising for the first time in 11 months.
Following last month’s flat result, March’s uptick took unit values just 0.4 per cent lower over the quarter and saw the annual decline trend reduce from 5.6 per cent over the 12 months to February to a 5.3 per cent fall over the year to March.
The subtle increases seen in Sydney unit values a month earlier became more geographically broad-based,…
