At this budget, activity is concentrated in older stock and smaller footprints, with competition strongest in walkable pockets. Median days on market suggest buyers need to be decisive, but not rushed.
Inventory remains tight in this band, though conditions have eased compared to last year. Buyers should expect negotiation leverage to vary by property quality rather than price alone.
Gross yields remain compressed, but rent growth has improved cash-flow resilience. Returns are being driven more by income stability than short-term capital gains.
Smaller dwellings in this band continue to transact consistently, suggesting resale risk remains low. Demand is strongest for low-maintenance formats close to amenities.