Connect with us

General

Housing Supply Under $400,000 Dries Up

Published

on

The ongoing increases in dwelling values over recent years has led to a significant reduction in the proportion of sales occurring below $400,000.

In last week’s Property Pulse we looked at the proportion of dwellings selling for at least $1 million and showed how it has increased significantly over recent years.  This week we look at the other end of the spectrum how the lift in values has led to a significant drop in the proportion of dwellings selling below $400,000.

Across the nation, 31.2% of houses and 37.3% of units sold transacted for less than $400,000.  By comparison, a year ago the proportions were recorded at 32.8% for houses and 38.6% for units.  A decade ago, 62.4% of all house sales and 68.9% of unit sales were…



Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Spectator Australia TV – how much longer will the corona craziness continue?
2 buy-rated ASX dividend shares with generous yields