Demand for units is rising as housing affordability declines
Buyers may be turning to units as houses become increasingly unaffordable, resulting in unit price growth in some areas significantly outpacing price growth of houses. Click To View:
While there have already been some signs of slowing price growth over recent months, prices are still rising. But can it continue?
The Reserve Bank of Australia’s November rate hike will put further pressure on households, squeezing borrowing capacities and increasing mortgage servicing costs.
An uplift in property listings during spring has also shifted dynamics in some markets.
Buyers may be turning to units as houses become increasingly unaffordable, resulting in unit price growth in some areas significantly outpacing price growth of houses. Click To View:
Even owners of Brisbane’s highest-performing investment properties are deciding now is the time to sell. Click To View: