Mining boom downturn triggers four WA offerings on SQM top discounted list

Mining boom downturn triggers four WA offerings on SQM top discounted list
Mining boom downturn triggers four WA offerings on SQM top discounted list

SQM's top 10 discounted properties have four located in Western Australia, and these four properties are clear examples of the continued impact of the commodities downturn.

Set in the rural town of Carabooda, number five and six on the list are not your typical family homes.

Sitting 48km outside of Perth CBD, both properties are set on over 15 hectares, with the potential to live and earn a living of the land.

Interestingly, both properties have been on the market for the same amount of time, however, number five, 292 Carabooda Road, as been reduced by two more percentage points, a total saving of $618,000. 

In contrast to these rural beauties, number eight and nine on our list are suitable for buyers wanting to be pampered and live in and close to Perth City.

Number eight, 4/134 Marine Parade, Cottesloe, has been on the market over two years now with the vendor slashing the price by $950,000.

With a reduction of just under a million dollars, this property is clearly a bargain.

Comparatively, number ten on our list 11/580 Hay Street, Perth, has recently passed the one year mark on the market, with the vendor slashing the price by half a million dollars.

Mining boom downturn triggers four WA offerings on SQM top discounted list

 Loius Christopher is an indépendant property analyst for SQM. You can follow him on twitter here.

Louis Christopher

Louis Christopher

Louis Christopher is the director of research house SQM Research.

Tags: 
Boom Downturn

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