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 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.
