Apartment values grow faster than houses as rate rises shift demand

According to The Australian Financial Review, growth in unit values jumped higher than that of houses across 39 per cent of all suburbs nationwide over the past three months as demand shifted towards the affordable segment of the market in response to increases in interest rates and the cost of living, data from CoreLogic shows.
Unit price growth trumped that achieved by houses in nearly a quarter of all Sydney suburbs analysed, and outperformed house price growth in more than a third of all Melbourne suburbs.

https://www.afr.com/property/residential/apartment-values-grow-faster-than-houses-as-rate-rises-shift-demand-20230606-p5debk