Source: Ray White Economics, Reinz
The market for apartments and units follows a similar trend. While there has been a 16 per cent lift in sales since 2022, rising from 9,654 to 11,207 transactions in 2024, volumes remain nearly 30 per cent below their 2015 levels.
“ Again, this strength is concentrated in the $ 500,000 to $ 1 million price range, with few genuinely affordable options emerging to support first-home buyers or those seeking lower-priced stock.
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