Nicola

Like, for example, we know that heritage apartments have a tight following and buyers are willing to pay a premium for a heritage style apartment.

And you tend to find that heritage apartments also are larger.

They have higher ceilings.

So I think it is all about knowing your market.

So we have seen some large falls in both those suburbs.

And I think with Concord, it's a small market and that can often see volatility.

So I think when you have got a

particularly say lower price transactions occurring, it can pull that median price down.

I think we've probably seen a bit of a shift in sales mix, perhaps more modest kind of one, two bedroom units and apartments have sold relative to some higher end ones.

I think, you know, there is a different price point depending on where you are.

Kirribilli is also an interesting suburb in terms of seeing that price point fall.

you know, the median unit price incurability sits at 1.3 million.

And as you mentioned, is down 23% over a five-year period.

We've seen some regulatory changes in terms of tenancy laws, which may have impacted investors.

So these are things like ending no grounds evictions, rent caps.

And what we might have seen in some of these pockets is some investors are actually selling out.

And I think

Some of these markets do have a higher concentration of investor activity occurring, which can obviously impact supply levels, transactions, and therefore the price.

Absolutely.

And I mean, Sydney Olympic Park is really that prime example of heavy area with lots of high rise and lots of supply and continuous supply.