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According to Domain, the price differential between house and apartments has hit 66%, which is the widest gap on record.
This gap, in turn, is reportedly driving home buyers towards apartments:
Stuart Penklis, head of residential at developer Mirvac… says there’s now a discernible shift in owner-occupiers and families choosing apartments.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.