Darwin the slowest capital to sell a property: CoreLogic

Darwin the slowest capital to sell a property: CoreLogic
Darwin the slowest capital to sell a property: CoreLogic

Darwin is the slowest capital city to sell a property, according to CoreLogic’s latest report.

The property data firm says that the average time to sell a unit in Darwin is 113 days while a house can expect to sit on the market for 92 days.

Unsurprisingly, the city also has the nation's highest average vendor discount of 8.6% for units. Houses fair slightly better, requiring a 5.8% discount - lower than Perth's nation-leading 7.1%.

Click to enlarge

Darwin the slowest capital to sell a property: CoreLogic

This is in contrast to Sydney where it has the shortest time to sell a property.

It takes around a month for a house or a unit to be sold in Sydney.

A two bedroom house at 2/2 Orchid Court, Moulden (above) was sold for $212,000.

Similarly, a four bedroom house at 17 Hargrave Street, Muirhead (below) was sold for $615,000.

Darwin the slowest capital to sell a property: CoreLogic

Average vendor discounting for units in the Harbour City is also the equal lowest, at 3.8%, but it is the nation's capital, Canberra, which matches it for units and leads the way for houses (2.5%).

Tags: 
Darwin Corelogic

Comments

Be the first one to comment on this article
What would you like to say about this project?