Canberra is the toughest capital in the country for people trying to buy under $400,000, with just 2.4 per cent of houses priced under the threshold. The number has slumped from 9.6 per cent five years ago and means that a lower proportion of Canberra houses are priced at less than $400,000 compared to Sydney or Melbourne. In Sydney, 2.5 per cent of houses sold for less than $400,000 in June 2018.
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