Share Of Sales Below $400,000 Continues To Fall

With dwelling value growth having slowed over the 2017-18 financial year to a decline of -0.8% from an increase of 10.2% over the previous year, it has done little to add to sales of the most affordable properties.  While last week’s Pulse highlighted how there was starting to be fewer seven-figure sales as values decline, this week’s analysis shows that the share of sales under $400,000 has continued to decline over the past year.

Nationally, 29.2% of all houses and 34.6%…