CoreLogic: 75.4% of houses selling for less than their original listed price

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Over the three months to October 2018, 83.3% of properties in Sydney were sold for less than their listed purchase price. In Melbourne, the figure was 76.3% while in Brisbane, the number was 65.7%.

Nearly four per cent fewer home loans were also issued over September, according to the Australian Bureau of Statistics.

More bad news for downsizers looking to sell – and village operators looking for new residents.