Houses Vs Units: Price Growth Gap Continues To Narrow

In April, median prices rose 10.4% in annual terms for units and 18.6% for houses, according to CoreLogic - a difference of 8.2 percentage points.
While that gap is large, it's not as large as it was in January, when prices rose 14.3% for units and 24.8% for houses - a difference of 10.5 percentage points.
By the end of April, Australia's median house price had reached $819,000. For some buyers, that is just too high. By contrast, the median unit price, while still high, is just $620,000.
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