Vendor Discounts Not a Thing of the Past Yet
In an article for the website Your Investment Property, Phil McCarroll writes that there might be a tag of “Seller’s market” on Sydney but there are quite a few suburbs which still have to offer vendor discounts for ensuring that the sale goes through. Suburbs like Vaucluse and Mosmon (among others) have offered a rebate to the tune of 6% (May 2014-May 2015).
There is a growing concern that in the prestige market zone, especially above the $10 million line, prices are not touching marks they used to before the GFC.
You can read the original article here.