📰 "Buyers have been paying up to 3.6 per cent less than the original sale price for private treaty purchases across the combined capital cities in the past three months, according to data from Cotality."
"These cumulative effects over the last six or so months have dragged demand lower significantly, said Cotality's head of research, Gerard Burg."
".. close to 20 per cent of scheduled auctions were withdrawn in the week to June 21. While this figure is volatile from week to week, the proportion of withdrawals has trended up since Labor unveiled its tax shake-up for investors."
"A year ago only 11.5 per cent of would-be vendors pulled out of the auction process."
Source: ABC Article, link in comment. Best to read the entire article and see the charts as they relate to the info.
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