Housing Supply Under $400,000 Dries Up

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…