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Hobart house vendors discounting the most to secure sales: RP Data weekly index

Hobart house vendors are forced to offer the deepest discounts in order to secure sales, according to RP Data figures for the week ending March 3.

Hobart houses are selling for an average of 12% less than the vendor's original price hopes, and units are selling for an average of 5.8% less.

Meanwhile, Adelaide is the capital city where apartment vendors are having to offer the biggest discounts. Adelaide units are selling for an average of 7.2% less than their original price hopes. Similarly, Adelaide houses are being discounted at an average of 7.5% to secure sales.

Canberra vendors are having to offer the least discounts to complete sales, with average discounts of 4% for houses and 2% for units.

rpdataweeklymarch5vendordiscount

The rate of vendor discounting is the average percentage difference between the original listing price and the final selling price.

The statistics are calculated across results received by RP Data over the past week and include properties transacted over the past four weeks.

The data is based on private treaty sales only and records without a valid sale price have been excluded from the vendor discount analysis. The analysis also excludes results where there are less than 10 observations.

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