Vaucluse tops Sydney's 5 most discounted suburbs

Vaucluse tops Sydney's 5 most discounted suburbs
Vaucluse tops Sydney's 5 most discounted suburbs

Data from the Domain Group shows five suburbs where many vendors are still having to offer big discount to secure a sale.

Price discounting, where the private treaty sale price is lower than marketed, was most prominent in Vaucluse, in the year to May 2015.

The average vendor needed to accept 8.7% less, followed by Mona Vale, where price discounting was 6.7%.

Ultimo, Mosman and Avalon all had required 6.6% price sale discounts.

Domain Group senior economist Dr Andrew Wilson said despite the discounting, all five suburbs experienced house price growth for the year to May.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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Sale Discounting

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