Price drop not trickling down

While overall prices are pretty flat across the market, Muir cautions that anyone looking for significant price relief at the lower end is likely to be disappointed.

That's because the unintended consequences of other factors designed to cool the market are actually continuing to push up prices at the lower end.

In fact, while sales of apartments dropped 29 per cent over the last year, the benchmark price has continued to go up over 20 per cent over the same period.

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