EP. 1619 Units Doing Better Than Houses?

🏡 Houses vs Units – What will perform better over the next decade?The Northern Beaches property market has been throwing up some extraordinary unit prices lately… which raises the question: where will houses land in the next 5–10 years?📊 Recent data shows:• 5 years: Houses ↑ 60% | Units ↑ 41%• 10 years: Houses ↑ 112%But the real driver behind long-term growth isn’t just property type — it’s supply vs demand.Areas flooded with new developments can struggle with capital growth. When supply doubles, prices often stagnate.Example: Some high-density suburbs have seen only modest growth over the last decade due to thousands of new apartments entering the market.💡 The takeaway:Look for low supply areas where demand remains strong.In tightly held suburbs, both houses and well-located units have historically performed similarly.And with construction costs rising, smaller blocks are increasingly becoming 8–20 unit developments instead of 10–12.📈 Property has appreciated for decades — and history shows it tends to repeat.The big question is:Will houses on the Northern Beaches soon start at $3M?What do you think will perform better over the next decade — houses or units?