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:
Despite rapidly rising interest rates and strong population growth, a lack of homes coming to market and overall housing shortages led to big increases in both prices and rents across Australia in 2023.Despite many predictions of a catastrophic fall in house prices in 2023, they did in fact move in the opposite direction. Leading the way has been Perth but the combination of strong population growth and a shortage of homes was enough to combat rising interest rates. As interest rates head close to peak, it is expected that price growth will continue.
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: