Unit prices rise in Australia’s ‘international’ cities, despite rental slump – ABC News

While property prices are rising almost everywhere you look, apartments in Australia’s two largest cities have under-performed on nearly every measure.
Key points:

• Darwin (+14.3pc) and Perth (+11.7pc) unit rents have surged in the past year
• Sydney (-4.9pc) and Melbourne (-8.2pc) unit rents suffered the biggest falls
• The gap between house and unit prices is widest in Sydney ($357,000), compared to other capitals

Record low interest rates, not as many properties for sale (compared to previous years),…

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