Business
Record price difference opens between Sydney houses and units – Sydney Morning Herald
As the value of standalone homes surge in Sydney, the median unit price is still well down compared to a year ago.
Domains senior research analyst, Dr Nicola Powell, said unit prices could be under further pressure this year.
Over the past three decades it is rare that house and unit prices move in opposite directions annually, she said.
Weaker investor activity has disproportionately impacted unit prices because they tend to be the preferred property type. There are also particular locations with increased supply as a result of heightened development in recent years. Changed lifestyle preferences post-lockdown…
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