Perth now the slowest property sales market in country: APM heat chart

Perth now the slowest property sales market in country: APM heat chart
Perth now the slowest property sales market in country: APM heat chart

The latest Australian Property Monitors (APM) days on market heat chart indicates the Brisbane and Perth private treaty market slowed in September.

Sydney slowed, but Perth takes around three times longer to now secured a sale.

September property market offerings had a mixed trend across the country as to the required discounting before offerings were sold by vendors.

Sydney property vendors needed to knock 5% from asking prices with Perth vendors needing a 7.1% downwards adjustment. 

 

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Perth now the slowest property sales market in country: APM heat chart

According to APM, Sydney property vendors need to knock 5% from their asking price.

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.

Tags: 
Property Sales Residential Market

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