Brisbane and Perth days on market blowout: APM
Private treaty time on market blew out in Brisbane and Perth, according to the latest July figures from Australian Property Monitors.
It was an unusually volatile month.
Only Adelaide and the Gold Coast avoided the deterioration in time on market, but just by a one day improvement.
Source: APM Domain Group.
Canberra was the only capital where vendor's discounting improved during July. The Gold Coast also achieved its low discounting status at 6.6%, a level that hasn't been seen for many years.
All other localities required consistent or higher discounting by vendors to secure their sale.
Source: APM Domain Group.