CoreLogic Property Pulse Report is out - The Gap widens between house and unit values
CoreLogic Property Pulse Report has found there has been a growing gap between house and unit dwelling values. As house prices rise more than unit prices, we show which areas have the biggest and smallest price differences.
Factors like land value, scarcity, and the need for more space during the pandemic have caused house prices to increase much more than unit prices in the last four years. Fast forward almost four years later to March 2024, and that premium has jumped to 45.2% or $293,950.
CoreLogic Property Pulse Report author and research director Tim Lawless says houses have historically attracted a price premium over units and have shown a higher rate of capital gain; several factors have led to the accelerated value growth for detached dwellings over recent years.
To read the full report, click on the link below;
The Expatriate always tries to make sure all information is accurate. However, when reading our website, please always consider our Disclaimer policy.