Brisbane and Perth days on market blowout: APM

Brisbane and Perth days on market blowout: APM
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.

Brisbane and Perth days on market blowout: APM

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. 

Brisbane and Perth days on market blowout: APM

Source: APM Domain Group.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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