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AAP
AAP
Business
Jacob Shteyman

'Year of the unit': cost squeeze drives homebuyer shift

Domain Nicola Powell Sydney
Price growth for apartments outpaced houses in some affluent suburbs in 2024, a report shows. (Bianca De Marchi/AAP PHOTOS)

First homebuyers are abandoning the Australian dream of a white picket fence in favour of apartment living as affordability struggles hit home.

While units have traditionally underperformed freestanding houses for capital growth, data released by Domain shows several suburbs across the nation where apartment prices outpaced houses in 2024.

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