EP. 1076 - Residential Market Trends: Houses Decline, Units Soar – The Great Divide

What if there was a hidden opportunity in the expanding price gap between houses and units in Sydney? Join us as we discuss this intriguing question with our special guest, Michael Silej. We explore a decade of data, revealing how units have experienced a growth of around 40% to 80% in the last ten years, compared to houses which have rocketed with a whopping 140% to 180% growth. We cover the Sydney suburbs from Narrowina to Parramatta, and contemplate whether this disparity could signal potential bargains in the near future. In the second half of our conversation, we navigate the lifestyle changes brought on by COVID and their impact on the housing market. With the shift towards unit lifestyle and the rise of remote working, could this be the triggering factor for a market shift? Tune in as we consider if this trend suggests an imminent rise in unit values or a possible leveling out of house prices. Michael also warns investors about potential pitfalls, such as land tax, lower yield, and maintenance costs. This episode is a must-listen if you're seeking to unlock the complexities of the unit vs house conundrum.