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There are at least some high density units in most suburbs, and movements in unit prices haven't been terribly different to house prices. Anyway, good to see this topic is able to generate some discussion here on Somersoft. The thread on the MacroBusiness forum itself is pretty much dead...

Over the past three years? So what? For two of those three years Sydney was in a minor correction after 20% growth in the previous 18 months. I wonder why the author didn't run the analysis over five years to include the strong growth years? No... actually I don't wonder, because it's just...