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Opportunity for first time buyers with help from Bank of Mum & Dad as house prices fall & discounting doubles.

Opportunity for first time buyers with help from Bank of Mum & Dad as house prices fall & discounting doubles.

House prices set to fall as discounting doubles

House prices could fall by at least 10 per cent in Sydney and Melbourne as the level of discounting rose as much as threefold over the past 12 months, Domain data shows.

More than one in eight vendors (13 per cent) in Sydney were forced to slash their asking price in April to get a sale, as economic uncertainty and fears of job losses held back buyers.

Tim K. Dean, Credi Founder | Commentator & Expert on Family Lending, Bank of Mum & Dad and Neo-Credit Scores is available for media interviews and appearances. More…

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