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…
-
General13 hours agoToni Lamond, known for her roles in Annie Get Your Gun and My Fair Lady, dies aged 93
-
General19 hours agoLiberals go back to basics after crawling to year’s end
-
General22 hours agoWho’s thriving and who’s barely surviving in Australia, the Land of the Parrots?
-
General21 hours agoProtecting victims of explicit AI content online