Two new entrants on top 10 most discounted properties: SQM Research

Two new entrants on top 10 most discounted properties: SQM Research
Two new entrants on top 10 most discounted properties: SQM Research

Two new properties have appeared on SQM Research's top ten most discounted properties nationwide list - one in South Australia and the other in Queensland.

A four bedroom with ocean views at 2 Joy Street in Encounter Bay, South Australia is currently on the market for between $425,000-$450,000and  was first listed with an asking price of between $650,000 and $695,000 in July 2014 (below).

Two new entrants on top 10 most discounted properties: SQM Research

 

The second property, a waterfront three bedroom unit overlooking Cylinder Beach at Point Lookout, Queensland, has been on the market since 2013 and, according to SQM, appears just above what potential investors will pay for the size and area.

3/118 Mooloomba Road (below) has been on the market for a total of 938 days and since first listed has had the price deducted by a total of 32%, or $565,000.

Two new entrants on top 10 most discounted properties: SQM Research

The unit has a verandah with uninterrupted beachfront views, a master bedroom with ensuite and walk-in robe and is in a highly popular holiday rental area.

Click to enlarge

Two new entrants on top 10 most discounted properties: SQM Research

 

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

Tags: 
Sales Discounted Properties

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?