CoreLogic: Massive lift in Sydney/Melbourne vendor discounting

Thursday 15 November 2018

CoreLogic has released a new research report showing a massive increase in vendor discounting in Sydney and Melbourne:

Over the three months to October 2018, more than three quarters (75.4%) of properties that sold transacted for less than their original purchase price. By comparison, over the same period, 7.0% of properties sold for their originally listed price with the remaining 17.6% selling for more than the originally listed price…

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.