Asking price halved for Tasmanian entry on SQM's discount list
A fully furnished, waterfront Tasmanian property has appeared on SQM Research's Top 10 Discount List for the first time. The asking price for 588 White Beach Road, White Beach, has been cut by a dramatic 49%, from $780,000 when it came on the market in May 2010 to $400,000. The property's last price adjustement was in December 2010, when the asking price fell to $699,000.
"The vendors of this four bedroom, waterfront property, which appears to have some pleasant views have even gone to the extent of offering the property fully furnished, seemingly in a bid to sell it as soon as possible," SQM director Louis Christopher says.
It comes in at number two on SQM's discount list, which continues to be dominated by Western Australian properties. Four out of the 10 most discounted properties in Australia are in Perth suburbs.
1
1 Flora Street, Midland, WA, 6056
On the market since: August 16, 2009
Initial asking price: $1.9 million
Current asking price: $850,000
Reduction: 55%
Days on market: 694
2
588 White Beach Road, White Beach, Tasmania, 7184
On the market since: May 23, 2010
Initial asking price: $780,000
Current asking price: $400,000
Reduction: 49%
Days on market: 413
3
1350 Wynnum Road, Tingalpa, Queensland, 4173
On the market since: November 6, 2010
Initial asking price: $700,000
Current asking price: $380,000
Reduction: 46%
Days on market: 245
4
3 Boolari Road, Gosford West, NSW, 2250
On the market since: July 8, 2009
Initial asking price: $990,000
Current asking price: $580,000
Reduction: 41%
Days on market: 731
5
1/21 Ocean Drive, Coogee, WA, 6166
On the market since: May 23, 2010
Initial asking price: $2.7 million
Current asking price: $1.6 million
Reduction: 41%
Days on market: 413
6
232-234 High Central Road, Macleay Island, Queensland, 4184
On the market since: January 11, 2009
Initial asking price: $279,000
Current asking price: $175,000
Reduction: 37%
Days on market: 910
7
25 Vicary Street, Triabunna, Tasmania, 7190
On the market since: August 2, 2010
Initial asking price: $299,000
Current asking price: $189,000
Reduction: 37%
Days on market: 343
8
290 Viveash Road, Swan View, WA, 6056
On the market since: June 5, 2008
Initial asking price: $2.29 million
Current asking price: $1.5 million
Reduction: 34%
Days on market: 1,131
9
3 Zelma Court, Macleay Island, Queensland, 4184
On the market since: May 23, 2010
Initial asking price: $380,000
Current asking price: $250,000
Reduction: 34%
Days on market: 412
10
46a Stock Road, Attadale, WA, 6156
On the market since: March 23, 2010
Initial asking price: $2.69 million
Current asking price: $1.79 million
Reduction: 33%
Days on market: 476
SQM Research also offers a list of the Top 100 Biggest Bargains in Australia for sale.
