Sydney's private treaty discount increases to 5.4% in August: APM
Nicola TrotmanDecember 7, 2020
Despite the auction market strength, private treaty vendors were required to offer higher discounts in Sydney, with the average discount increasing mildly in August to 5.4%, according to Australian Property Monitors.
Canberra's average discount also increased to an average 5% vendor discount, and is the only city with a higher required discount than last August.
Melbourne's average vendor discount climbed from 6.1% in July to 6.3% in August.
Brisbane was the highest required discount amid the capital cities with an average vendor discount of 7% in August.
Perth remained stable at a 5.4% average discount.
The Gold Coast dropped in August to 8.1%.
Source APM
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.
