16/09/2026
The market has changed β but vendor expectations haven't necessarily changed with it.
One of the biggest things we are noticing on the ground at the moment is the growing gap between what some vendors are hoping to achieve and what buyers are prepared to pay.
Buyers haven't disappeared. But they are more cautious, more selective and, importantly, many are simply not prepared to overpay.
At the same time, we're finding the supply of genuinely good-quality property that meets our clients' briefs is still relatively limited.
The latest Cotality data provides some interesting context.
New listings coming to market have been running below normal levels, including almost 5% below the five-year average in Brisbane in the four weeks to 23 August. Yet total stock available for sale nationally has been building as properties take longer to sell.
Cotality's September data shows the median time to sell nationally has increased to 39 days, compared with 28 days a year ago, while median vendor discounting across the capital cities has widened to 4.2%.
We're seeing that change play out in negotiations.
A year ago, negotiations could move very quickly. Multiple offers meant there was often limited opportunity to go backwards and forwards.
Today, we're spending considerably more time negotiating.
Offers are being submitted. Counteroffers are coming back. We're following up with agents, having further conversations, presenting comparable sales and sometimes allowing everyone a little time to reconsider their position before going back to the table.
Sometimes we're able to bridge the gap.
Sometimes we're not.
And we're comfortable with that.
Our job isn't simply to get the deal done. It is to help our clients purchase the right property at a price we can support with the evidence available.
Interestingly, Cotality recently noted that more properties are passing in at auction than being withdrawn, suggesting vendor price expectations are still exceeding what buyers are willing to pay in many cases. Brisbane's final auction clearance rate was just 26% in the week ending 6 September, although Brisbane is a relatively small auction market and private treaty sales remain far more relevant to much of the market we work in.
This isn't necessarily a bad market.
It's simply a market requiring more patience, more negotiation and realistic expectations on both sides.
And sometimes the best negotiation decision a buyer can make is knowing when not to keep increasing their offer.