๐ฅ๐ฒ๐ฎ๐น ๐๐๐๐ฎ๐๐ฒ ๐ฆ๐ฎ๐น๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ฒ๐๐๐ถ๐ป๐ด ๐ฆ๐๐ฟ๐ผ๐ป๐ด๐ฒ๐ฟ
Capital city property owners are feeling increasingly confident, with vendor discounting continuing to decline.
In the July quarter, capital city vendors offered a median 3.5% discount on their final selling price compared to the original asking price, according to CoreLogic. That compares to 3.9% in April and 4.4% in September 2022 (the recent peak).
A reduction in discounting reflects an increase in vendor negotiating power and a strengthening in market conditions.
As always, conditions differ from city to city:
* Perth = 2.7% median vendor discount in the July quarter
* Brisbane = 3.3%
* Sydney = 3.4%
* Canberra = 3.4%
* Melbourne = 3.6%
* Adelaide = 4.0%
* Darwin = 4.9%
* Hobart = 5.4%
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.
