<\/p>\n
PHOTO:\u00a0Melbourne\u2019s suburbs have seen exceptional growth in recent years.<\/strong><\/p>\n Melbourne\u2019s long-suffering homebuyers are cashing in as three-quarters of homes sell for less than their initial listing price.<\/p>\n The figures revealed in CoreLogic\u2019s latest Property Pulse reflect an average 6 per cent discount, equating to more than $45,000 on a $745,000 median priced house in the city.<\/p>\n It\u2019s been 12 years since so many homesellers were willing to cut back their expectations.<\/p>\n In April last year barely a third of sellers would reduce their price to get a sale.<\/p>\n Buyers advocate Cate Bakos said many sellers were now negotiating with buyers \u2014 and Christmas would serve as an \u201cemotional deadline\u201d to convince more to do so.<\/p>\n READ MORE VIA REALESTATE.COM.AU<\/a><\/p>\n <\/p>\n