CoreLogic: 76% of properties selling for less than listing price

Wednesday 15 May 2019

CoreLogic’s latest Quarterly Housing Market Review revealed that capital city vendor discounting levels have ballooned to levels above the GFC, with vendors selling their homes for 6.1% less than their initial list price in the March quarter compared to discounts of 4.5% a year ago:

Now, CoreLogic has released more data on vendor discounting (excluding auction sales), which shows that 75.6% of properties sold for less than their original list price over the three months to April, which was well above the decade average of 69.3%:

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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.