House price growth has far surpassed apartments in recent years. Could the gap narrow?

House prices rose much faster than apartment prices during the most recent property boom, but that trend is unlikely to be repeated after the current downturn ends, economists said.

Sydney house prices soared 54 per cent in the three years to March 2022, while units rose only 15 per cent, Domain figures show.

Melbourne house prices jumped 33 per cent over the same period, while units added 15 per cent, in a period that includes the post-2019 election rebound as well as the start of the pandemic.

Read More: https://www.smh.com.au/property/news/house-price-growth-has-far-surpassed-apartments-in-recent-years-could-the-gap-narrow-20220916-p5bip3.html