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