Difference between house and unit values rises to record high
The gap between house prices and apartment values has widened to a chasm, with detached dwellings appreciating more than twice as fast as multi-residential over the course of the pandemic.
Apartment living has been significantly less sought-after since the start of the pandemic. Photo: Shutterstock (Image source: Shutterstock.com)
The gap between house prices and apartment values has widened to a chasm, with detached dwellings appreciating more than twice as fast as multi-residential over the course of the pandemic.
Research by CoreLogic showed the median price for houses in capital cities increased by 14.2 per cent over the last 16 months, compared to a 5.6 per cent rise for units and apartments.
That price growth has resulted in the difference between capital city and …
