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Canberra vendors discounting less than other capitals: RP Data

Canberra house and unit vendors are offering slimmer discounts than their counterparts in other Australian capital cities in order to secure sales, according to the latest information from RP Data.

Figures for the week ending March 10 show Canberra units are selling for an average of 2.5% less than their initial asking price.

Houses in the Australian capital were selling for an average of 4.1% that their initial asking price – a figure matched by Darwin.

rpdatavendordiscountingmarch14

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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