Sydney unit prices rose by +4 per cent over the year to September 2016, according to Residex,to be be +20 per cent higher over the last two years.
Interest rates have fallen sharply since then too, so the supply response should now be in full swing.
Whether or not this proves to be the case over time, the figures on more than one index do now show annual price growth for Sydney units as being higher than price growth for houses in the harbour city.
It’s worth acknowledging that house prices have been rising faster than this in some the inner suburbs of Sydney, while median prices may on occasions understate price growth as affordability pressures bite (as properties in the lower price quartiles may transact more frequently).
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