Vendor discounting climbs slightly in Melbourne: RP Data
The rate of vendor discounting for houses in Melbourne rose to 8.7% over the week to May 12, up from 8% the week prior.
Conversely, the rate of vendor discounting for houses in Sydney dropped from 6.9% to 6.7% over the week, and in Brisbane the rate dropped from 8.7% to 7.6%.
The rate of vendor discounting is the average percentage difference between the original listing price and the final selling price.
The statistics are calculated across results received by RP Data overthe past week and include properties transacted over the past four weeks.
The data is based on private treaty sales only and records without a valid sale price havebeen excluded from the vendor discount analysis.
The analysis also excludes results where there are less than 10 observations.
