Don’t Be Misled By Vendor Discounting!

Are property markets morphing into buyers markets and vendor dropping their asking prices? Well, according to recent news corp articles, home seekers are bagging properties for an average of up to 15% below the list price in pockets of Sydney. Vendor discounting tends to reflect price growth recorded a few months ago, rather than signalling the direction of future price growth. But its complex, Especially now. Because of the over quoting and under quoting issue, I think it is really very hard to get a read on the true vendor discounting. The averages quoted are often misleading, there is considerable […]