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Undervalued Market – Get More Bang for Your Buck!

Those who are looking to buy can get cheaper prices for units and apartments in comparison to last year. This means that buyers have more opportunities to buy at a lower price in key areas.

CoreLogic head of research Eliza Owen said “Sydney apartment prices underperformed relative to houses last year because buyers were prioritising space during the Covid pandemic. Investors, who normally accounted for a large share of the demand for units, also largely avoided the apartment market last year because closed international borders meant fewer tenants and rents dropped.”

Auctioneer and Stone Real Estate Agent Eddy Piddington said, “units were incredible value and by far the fastest growing housing market.”

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Information sourced from Realestate.com. To read the full article see here