Business
Unit prices fall in many city suburbs amid house-led real estate boom – ABC News
While Australia’s property market is booming overall, apartments in certain big cities are lagging well behind, and still haven’t recovered from their COVID-19…
Despite house prices rising at their fastest pace in 32 years, apartments in Australia’s most oversupplied cities aren’t getting as much love from buyers.
Key points:
- Some parts of Sydney and Melbourne have seen a big drop in unit prices
- An oversupply of apartments, closed international borders and lower rents are behind the price falls
- House prices have risen 7.4pc in the past year much faster than unit prices (+2.3pc)
In some areas, unit prices have tumbled in the past year and still haven’t recovered…
-
Noosa News22 hours agoDog owners warned: $834 fine for pets not under control
-
Noosa News24 hours agoPharmacist’s stolen image used in ‘dangerous’ deepfake adverts for weight loss drug
-
Noosa News24 hours agoBrisbane news LIVE updates: Billionaire Clive Palmer’s super yacht docks ahead of Riverfire | Riverfire flyover rehearsal times
-
Noosa News21 hours agoVarroa mite has been found in South Australia, what impact will it have?