Should I Pay The Asking Price For a Property?

A recent article by CoreLogic suggests that in most cases you shouldn’t pay the asking price for a property as over 75% of properties sold in Australia sold for below their asking price.

0:00 – Introduction
0:30 – 75.6% of properties sold for less than their asking price in the last 3 months
1:45 – What about in individual capital cities?
4:24 – Market value is much more important than asking price
5:24 – How to find the exact vendor discount for individual suburbs
7:44 – Look at the average vendor discount as well as the trend in the discount

Location Score – https://onproperty.com.au/score

Recommended Videos:

Australian Property Market Update: May 2019 – https://www.youtube.com/watch?v=OgMPANEXz8o

Is Brisbane Cheaper Now Than It Was 10 Years Ago? – https://www.youtube.com/watch?v=U_dJqIADBJ8