Advertisement
A new report from CoreLogic shows that Australian houses have extended their record value lead over apartments.
The disparity between Australia’s house and unit values reached an all-time high in January of 28.3%. This follows house price growth of 24.8% in the year to January, versus 14.3% growth for units:
CoreLogic Research Analyst Kaytlin Ezzy says the performance gap throughout the current upswing has been notably higher than in previous cycles, thanks in part to COVID-related demand shocks disproportionately affecting unit demand.
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.
Advertisement