The number of vendors lifting their asking price mid-campaign has dropped

New data from Domain reveals that the percentage of vendors who increase their asking price mid-campaign has lowered from March to April for Sydney, Melbourne, Brisbane and Canberra, which covers around 2 out of 3 property sales. This is probably occurring for a combination of reasons such as: 

  1. Values are not increasing as rapidly as they were earlier this year 
  2. Agents are more conscious of getting caught underquoting 
  3. Vendor price expectations have risen since the rebound began in earnest 

The locations with the highest proportion of vendors lifting their asking price is dominated by Sydney and Melbourne. 

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