I remember times when there was not a problem to buy 3 bedder in Morphett Vale under $75K.
"Now 21.4 per cent of house sales and 33.5 per cent units sales in capital cities were for less than $400,000."
Media urinates boiling water about lending restrictions for investors and how auction clearance rates in Sydney are "falling" (Ha. Ha. Ha.)
Yep, restrictions. Those who do not know how and where to borrow now can borrow less. Where do you think they will be heading for cheaper properties?