๐๐ฎ๐ฝ๐ถ๐๐ฎ๐น ๐๐ถ๐๐ ๐ฉ๐ฒ๐ป๐ฑ๐ผ๐ฟ ๐๐ถ๐๐ฐ๐ผ๐๐ป๐๐ถ๐ป๐ด ๐๐ฎ๐น๐น๐ ๐๐ผ ๐ฏ.๐ฐ%
Property market conditions continue to move towards sellers in the capital cities, with vendor discounting falling further, according to CoreLogic.
In the August quarter, capital city vendors offered a median 3.4% discount on their final selling price compared to the original asking price. By contrast, discounting was at 3.8% the quarter before and 4.2% the year before.
Looking at the individual capital cities, vendor discounting in the August quarter was:
* Brisbane = 3.1%
* Sydney = 3.2%
* Canberra = 3.5%
* Melbourne = 3.7%
* Adelaide = 4.0%
* Darwin = 5.3%
* Hobart = 5.3%
A reduction in vendor discounting means homeowners are finding it easier to sell properties,
and that the market is turning in their favour.
Subiaco finance brokers are here to help
Interest rate rises are here, but you donโt have to fear with the right broker on your side.
The team at Sonam Capital are here to empower you through financial knowledge.
Weโll take the time to get to know you and your unique situation and speak in a language
you can understand, with strategies you can implement for the best possible outcomes.
Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.
