๐ ๐ฒ๐ฑ๐ถ๐ฎ๐ป ๐๐ฒ๐ป๐ฑ๐ผ๐ฟ ๐ฑ๐ถ๐๐ฐ๐ผ๐๐ป๐ ๐ฟ๐ถ๐๐ฒ๐ ๐๐ผ ๐ฐ.๐ฎ%
Good news for buyers: there's been a sharp rise over the past year in property sellers reducing their asking price to meet the market, according to CoreLogic.
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Over the year to February 2023, the median vendor discount across Australia increased from 3.1% to 4.2%.
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To put that into perspective, if a home was listed for $500,000 and then discounted by 4.2%, the new price would be $479,000.
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Vendor discounts increased in every capital city in the year to February:
* Sydney = from 3.3% to 4.5%
* Darwin = from 3.9% to 4.5%
* Hobart = from 3.1% to 4.4%
* Brisbane = from 2.9% to 4.2%
* Melbourne = from 3.3% to 4.2%
* Adelaide = from 2.9% to 4.0%
* Canberra = from 2.9% to 3.9%
* Perth = from 3.0% to 3.3%
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.
