Despite home prices falling across Sydney and Melbourne, the proportion of homes available priced below $700,000 has shrunk, according to Domain:
In Sydney, only 30 per cent of listings fell under the $700,000 threshold during May, according to Domain data. That is a 6 percentage point drop in listings compared to May last year.
The situation was better in Melbourne where 61 per cent of properties fell below $700,000, one percentage point less than a year ago.
