Entry level properties hardest hit by LVR restrictions

Barfoot & Thompson's Housing Market Update for May highlights a slowing property market, with sales volumes down 14 per cent compared to May 2013.

Most striking is that whilst total sales are down 14 per cent compared to a year ago, sales of property below $400,000 are down 50 per cent.

Barfoot & Thompson’s Housing Market Update for May highlights a slowing property market, with sales volumes down 14 per cent compared to May 2013.

Most striking is that whilst total sales are down 14 per cent compared to a year ago, sales of property below $400,000 are down 50 per cent.

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