Longer to sell, but less discount required to secure sale in June: APM
June property market offerings took longer to sell across Australia, but there was a marked trend to less discounting being required by vendors.
The latest APM chart showed only Sydney and Adelaide wen against the trend of lower discount required for the private treaty markets in the survey.
Brisbane's property cycle recovery gains momentum, but fell back on the key indicator of days on market, according to the latest APM heat chart.
The required discount for private treaty vendors was down to 5.7% from recent 6.3% peaks.
The Gold Coast market improvement was similiarly inconsistent.
At 49 days, Sydney remained the unchallenged engine room of the Australian property market for speed, but Canberra and Melbourne vendors were selling at less required discount.
