Private treaty discounting at year highs in most capital cities: APM

Private treaty discounting has become necessary to secure sales across most capital cities.

Source: APM 

Brisbane listings still require the highest level of reduction, with a typical 11.1% discount needed against the original asking price, according to Australian Property Monitors. 

Perth ranked second with a 9.1% discount required, according to the recently released September data. 

APM research analyst Clinton McNabb notes Canberra vendors typically need to adjust their expectations the least, with a required 4.9% price adjustment to secure a sale, although it appears to be on the rise. 

Discounting increased considerably across all capital cities in the past year, with the exception of Sydney, where vendors are needing to take about 7% off their asking prices to secure a sale.