I've just had an offer accepted for a semi-detached home in the eastern suburbs. I currently own a unit in the same suburb. Looking at our figures, we will be living close to the line if we sell our unit and buy the semi. We are concerned that if we don't buy a semi now, we will never be able to buy one as the prices are increasing all the time.
for those that follow growth trends and have seen a few cycles, is there usually the same sort of price gap (%) between units and houses at any given time? Not sure whether to continue to live quite comfortably in a large unit (although hating paying ever-increasing strata) and buy a semi down the track, or to pounce now if trends show that we may never again be in the position to afford to buy our own block of dirt here.
for those that follow growth trends and have seen a few cycles, is there usually the same sort of price gap (%) between units and houses at any given time? Not sure whether to continue to live quite comfortably in a large unit (although hating paying ever-increasing strata) and buy a semi down the track, or to pounce now if trends show that we may never again be in the position to afford to buy our own block of dirt here.