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1.Market Observations, 8.Was Sticky

10 Oct 2018 (AFR) – Still a falling market: Sydney house discounts hit 18-month high

(10 October 2018, AFR, p32, by Michael Bleby)

Average discounting (%) (Domain Group)

Average discounting (%) (Domain Group)

‘House owners looking to sell in Sydney sold in August at an average discount of 6.8 per cent on their original asking price, as selling times lengthened in the country’s biggest city. The discount up from 6.7 per cent in July and more than one-third higher than the 5 per cent discount in August a year earlier, came as the slowdown kept days on market for detached houses the same as apartments, at 70 days, Domain Group’s latest State of the Market report shows. ‘

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