I joined Catherine Cashmore on Cashmore's Real Estate here (or click on the image below):
Overall, unit prices have been less volatile and have experienced lower capital growth than houses over the past decade, especially in Melbourne where unit construction has been very high.
As also discussed on the podcast, Brisbane experienced a major glut of units around five years ago, which saw the median price of attached dwellings decline.
The market is now tightening, however, with asking prices up 17 per cent over the past year.
Source: SQM Research
Some areas are faring much better than others, mainly being the more sought-after, well-located blue chip areas.
The market supply is substantially lower now there are so few non-resident investors from China in the market.
The cost of delivering medium-density stock is also up around 50 per cent over the past few years.
