Apartments in these suburbs are defying the housing slump in Australia

According to The Australian Financial Review, apartment values rose faster than houses in more than half of all suburbs nationwide in the past three months as stretched affordability and lower borrowing capacity forced buyers to opt for high-density homes, data from CoreLogic shows.
Rising rents are also expected to lure more investors to the unit market and help fuel further price gains this year.
Of the 899 suburbs analysed, units outperformed houses across 489 markets by up to 8 percentage points.
Apartments in desirable inner-city suburbs, outer ring areas and coastal locations trumped houses as the price gap widened to record levels.

https://www.afr.com/property/residential/newtown-port-melbourne-apartments-defy-housing-slump-20220520-p5an0z