April was a slower selling month in the majority of capital cities, according to the latest Australian Property Monitors days on market data.
There was a slight quickening of pace in Canberra. Sydney vendors still took 52 days, but the pace of sales eased in Melbourne, Brisbane, Adelaide and Perth. The average discount required by private treaty sellers to secure a sale rose in three capitals, Sydney, Adelaide and Perth. It was steady in Brisbane and Canberra. But the big shift was Queensland’s Gold Coast which is included in the APM survey. Its days on market eased to 123 days, the best result since 2010. Its required discount is down to 6.1%, half that required in for much of 2011