Buying a home for the first time can be challenging, especially with house prices soaring in recent years. So could switching from house hunting to unit searching be the way forward for you?
There’s no denying that getting into the property market in today’s economic climate ain’t easy.
The average Australian house price is now $725,000 – that’s 30% more expensive than the average national unit price.
Compare the price gap to September 2021, when the national median house price was $570,000 – just 9.6% higher than the median unit price of $520,000.
But is opting for a unit the right move for you?