L J GILLAND REAL ESTATE PTY LTD Re Property discounting information for Valued Friends and Clients

Property discounting down in most capitals: APM

By Cassidy Knowlton
Friday, 31 August 2012

Vendors were able to sell their properties in July without discounting as steeply as they did in June in most capitals, according to data released by Australian Property Monitors this week.

The amount of discounting required fell slightly in Sydney (from 6.7% to 6.4%), Melbourne (7.5% to 7.3%) and Canberra (5.2% to 5%).

The drop was a little more pronounced in Brisbane (7.9% to 7.5%) and Hobart (10.2% to 9.7%).

The average amount of discounting increased sharply in Darwin (from 5.5% to 6.5%), which was also the only capital city where the number of days property lingered on the market increased.

The amount of discounting remained virtually the same in Adelaide (from 7.6% to 7.7%) and Perth (from 6.4% to 6.5%).

Click to enlarge

Source: APM

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Linda J. & Carlos Debello, LJ Gilland Real Estate Pty Ltd

Tel: (07) 3263 6085 | Mobile: 0409 995 578 & 0400 833 800 http://www.ljgrealestate.com.au

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