Brisbane and Perth time on market October blowout for vendors: APM
Jonathan ChancellorDecember 7, 2020
Private treaty time on market blew out again in Brisbane and Perth, according to the latest October figures from Australian Property Monitors.
Only Melbourne and Canberra avoided any deterioration in time on market, but just by a one day improvement.
Sydney and Adelaide enjoyed a marginal weakening, but only by a day.
Sydney was among the capitals where vendor's discounting deteriorated during October.
The Gold Coast stayed the same at 121 days, the longest time required by vendors across the surveyed cities.
But the Gold Coast also achieved a low discounting status of 6.1%, a level that hasn't been seen for many years.
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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.