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Units pip houses at the post in photo finish

House and unit prices both fell slightly last month but it was units that performed marginally better than houses, with areas of growth and stability still evident around the country.

Apartment building in inner Sydney suburb, with large plants in foreground.
Surging unit rents are expected to support investor demand, partially as gross rental yields rise.

It was a tightly fought race but units have pipped houses by a short half head in horseracing parlance, although both were well off their personal best on a soft track.

CoreLogic's monthly Unit Market Update shows both houses and units recorded a 0.1 per cent fall in values over May, the first fall since September 2020, as quarterly and annual trends in values continue to weaken.

But in a photo finish, race stewards went to an extra decimal poi…