The latest sign the housing boom is losing steam
- melbournepropertyh
- Mar 7, 2022
- 1 min read
More units than houses sold under the hammer in almost all major cities in February in another sign the housing boom is losing steam.
Affordability constraints and the return of investors meant clearance rates for units were higher than houses in Sydney, Brisbane, Adelaide and Canberra, according to Domain’s February auction report.
Melbourne was the only city to buck the trend, as house buying remained attractive due to more moderate house price growth at the same time it held the highest vacancy rate compared to other capitals.
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