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:
The PropTrack Home Price Index shows the home price upturn is firmly entrenched and prices hit fresh record highs in many markets in October.
National home prices reclaimed 2022’s price falls in their entirety last month, with the upswing continuing in October as national home prices climbed 0.36% month-on-month to set another record, bringing them up 4.93% so far this year.
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: