Perth the slowest capital for property sellers: CoreLogic

Perth is the slowest locality to sell a property across the country, according to CoreLogic’s latest report.

The property data firm says that the median time for a property to be sold in Perth is around 80 days or higher.

Houses in the West Australian capital require an average vendor discount of 7.4% to sell, while the average discount for units is 9%.

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This is significantly slower than Sydney or Melbourne where it only takes a month for properties to be sold.

The second slowest locality to sell a property is Darwin where it can take up to 65 days for houses and 72 days for units.