Tuesday, October 11, 2011

Brisbane Sellers Overpricing For Sale Listings

"Brisbane listings require the highest level of reduction, with a typical 9.6% discount needed against the original asking price, according to Australian Property Monitors."

See Property Observer
So if 9.6% is typical, it means that some buyers are getting a buy price of more than 10% less than the list price.  Thus, in this market, should buyers be offering 25% less than the list price for an offer?

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