Why it matters: The majority of Australians hold their property for nine years on average according to CoreLogic.
Growing housing undersupply and worsening affordability could divert demand from houses to units.
Sydney’s upper north shore and inner west dominated the top-performing house markets in the past decade.
House prices in nearly one in three Sydney suburbs doubled in the past 10 years, despite the sharp downturn during the APRA-induced credit crunch between 2017 and 2019 and the recent steep declines, data from CoreLogic shows.
Of the 506 suburbs analysed, 163 racked up increases of more than 100 per cent in the past decade, dominated by the upper north shore and the inner west.
