Business
Cheap house price growth outstrips millionaire neighbours – Sydney Morning Herald
Sydney’s most affordable houses increased in value twice as fast as the top-end of town this year.
Apartment prices fell in every price bracket in the harbour city over the past three months, with the steepest drop of 2 per cent for the highest priced units worth just under $1 million, and the smallest decline of 0.9 per cent for the cheapest apartments priced under $577,880.
CoreLogic head of research for Asia Pacific Tim Lawless said the cheapest segment of the housing market had typically been more resilient to downturns than million-dollar homes due to more volatility in the top-end of town….
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