The gap between Australia’s house and unit prices has reached record high in January of 28.3 percent after houses grew almost twice as fast in value over the same period. CoreLogic’s latest monthly market update revealed that units recorded a growth rate of 14.3 percent in the 12 months to January while houses grew 24.8 percent in the same period. Together, it is the highest annual dwelling growth rate since 1989. Kaytlin Ezzy, research analyst at Corelogic, said the growth of houses traditionally outpaced units in the last decade, but the difference in performance in the latest cycle was notably bigger. This gap was partly driven by COVID-19-related demand shocks that disproportionately affected unit demand, with households relocating to lower density housing in droves. “The annual performance gap between houses and units began to narrow in the final three months of last year, in part due to the lifting of …