Darwin apartments remain on market the longest and see the largest discounts

Darwin apartments remain on market the longest and see the largest discounts
Darwin apartments remain on market the longest and see the largest discounts

Darwin apartment median time on market remains the greatest outlier out of any capital city, according to CoreLogic data.

As a general rule, median time on market for houses and apartment are within 20 days of each other and in some cases, Sydney Hobart and Melbourne for example, the difference in median time on market is just a single day.

Not only does Darwin stand out in that regard but listings in Darwin see the largest discount between the listed price and the sale price. Across both types of residential property the median discounted amount is above -10%.

Another outlier in CoreLogic's findings is that apartments in Melbourne see a median discount of -4.9% as compared to houses' -5.5%. There is a 0.6% difference in the median discount.

In comparison most capital cities, in particular Sydney, Brisbane and Adelaide see very minor differences, just 0.1% when comparing the discount on listing values between apartments and houses.

Darwin apartments remain on market the longest and see the largest discounts

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Discounts Time On Market

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