The homes with the largest price drops in the cooling market

Domain data shows. However, the median price for smaller two-bedroom houses fell 10.5 per cent, falling more than $83,000 in three months to a median of $710,000.That was sharper than the quarterly decline seen for three-bedroom and four-bedroom houses , which had recorded stronger price growth over the year.to about $1.59 million. However, the two-bedroom median fell 5.

Powell said smaller homes, particularly one-bedroom units, had a smaller buyer pool. While rising investor activity could improve demand for more affordable homes, upsizing buyers remained the largest market segment. He said townhouses had been doing extremely well at the start of the year, no matter their location, but that now, due to an oversupply, buyers had far greater choice. This combined with the broader softening of the market had seen prices fall, particularly for townhouses in complexes with more than three homes.Ray White

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