Canberra has the nation's lowest vendor discount rate at just 3.9%: APM
Nicola TrotmanDecember 7, 2020
Australian Property Monitors has published its latest information on the average amount of discounting undertaken by vendors around the country.
Gold Coast’s average discount rate for property has increased over April to 13.3% from 10.1% in March.
It is the highest discount rate since June 2012 where it was also 13.3%.
Sydney increased slightly to an average discount of 5.4% in April from 4.9% in March.
Melbourne and Perth both increased by 0.3% however Brisbane, Adelaide and Canberra recorded a lower discount rate in April.
Canberra had the lowest discount rate at 3.9%.
Source: Australian Property Monitors
Nicola Trotman
With a penchant for the written word, Nicola has built a career doing just this – now Creative Director at thriving Melbourne-based PR agency, Greenpoint Media.