Perth the slowest capital for property sellers: CoreLogic
Staff reporterMay 18, 2017
Perth is the slowest locality to sell a property across the country, according to CoreLogic’s latest report.
The property data firm says that the median time for a property to be sold in Perth is around 80 days or higher.
Houses in the West Australian capital require an average vendor discount of 7.4% to sell, while the average discount for units is 9%.
This is significantly slower than Sydney or Melbourne where it only takes a month for properties to be sold.
The second slowest locality to sell a property is Darwin where it can take up to 65 days for houses and 72 days for units.
