Analysing and keeping an eye on market activity and suburb trends is an essential ingredient for successful property investing.
One of the many valuable research reports we offer on PropertyDirector.com.au is the Vendor Discount report, which tells us how much of a discount properties are being sold for on a suburb-by-suburb basis.
See attached a report we have generated by picking 4 suburbs at random (Castle Hill, Penrith, Marrickville, Epping), showing the monthly vendor discount rates for 2021 to date.
The downward trend in the data indicates a very strong market for property sellers (indicative of a boom) - the vendor discount rates are 'negative', meaning properties in these areas are being sold at a premium (i.e. when comparing actual sold price vs list price).
Learn about key property data points and how to interpret them, and it will give you a significant advantage as a property investor.
You can access all of the market activity and property reports you need by going to PropertyDirector.com.au/Choose-Plan and checking out our plans.
