PHOTO: Emma Milner

According to a recent report by CoreLogic, a growing proportion of vendors in Australia are selling at prices lower than those originally listed.

The nationwide report revealed more than three quarters (75.4 per cent) of properties sold in Australia over the three months to October 2018 transacted for less than the asking price.

Over the same period, only seven per cent of properties sold for the original price listed, while 17.6 per cent sold for more than the price listed.

Acton Cottesloe Sales Executive and Auctioneer Andrew Gill said a number of factors could cause properties to sell for less than the original listed price.