Business
Unit and house price gulf widens in two-speed Melbourne property market – Sydney Morning Herald
Melbourne’s median house price reached a record $936,000 in the December quarter and is now 64 per cent higher than the median unit price, the Domain house price…
Weaker investor activity has disproportionately impacted unit prices because they tend to be the preferred property type, Dr Powell said. There are also particular locations with increased supply as a result of heightened development in recent years.
Changed lifestyle preferences post-lockdown and the option of remote working have driven demand to outer suburban and regional locations as buyers seek affordability, liveability, space and greater value for money.
A new report from real estate agency…
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