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Home sellers chop asking prices amid glut in listings

Nila Sweeney
Nila SweeneyReporter
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Sydney home sellers are slashing their asking prices by around $13,000 on average as total listings pile up to their highest level in nearly six years, data from SQM Research shows.

Home owners in Melbourne are also shaving $7200 off their prices on average to lure buyers amid stiff competition from other vendors.

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Nila Sweeney writes on property from our Sydney newsroom. Email Nila at nila.sweeney@afr.com.au
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