The apartment trap: why a unit may no longer get you a house
The accepted wisdom that an apartment is a stepping stone to buying a house is being called into question as the gap between unit and house prices hits a record high.
Like many aspiring Australian home buyers, Anna Douderina had long dreamed of owning a house but bought an apartment instead.
“I really wanted a house, but we can’t afford anything around Sydney, so we decided to buy a unit. It’s the only option for us at this point because house prices are way too high,” she says.
