Top 10 discount in Queensland records 37% price revision after 419 days on the market: SQM
The biggest change on the SQM top 10 discounted listings this week was a price revision from $520,000 to $499,000 at Morayfield in the hinterland of the Sunshine Coast in Queensland.
The three-bedroom rural property was initially listed in October 2011 at $790,000.
"This makes its total discounts amount to $291,000 – 37% in percentage terms," SQM's Louis Christopher notes.
He suggests the after 419 days on the sales market, the vendors will be hoping that this most recent price decrease will attract some serious buyer interest.
1.
5756 Arthur Highway, Taranna, Tasmania, 7180
Days on the market: 783
Initial asking price: $499,000
Current asking price: $299,000
Reduction: 40%
2
19 Lychee Drive, Caboolture, Queensland, 4510
Days on the market: 923
Initial asking price: $949,000
Current asking price: $586,000
Reduction: 38%
3
202 Wolstenholme Avenue, Greendale, NSW, 2745
Days on the market: 685
Initial asking price: $2.95 million
Current asking price: $1.85 million
Reduction: 37%
4
276 Forest Hills Drive, Morayfield, Queensland, 4506
Days on market: 419
Initial asking price: $790,000
Current asking price: $499,000
Reduction: 37%
5
Days on the market: 1,071
Initial asking price: $1.1 million
Current asking price: $690,000
Reduction: 36%
6
588 White Beach Road, White Beach, Tasmania, 7184
Days on the market: 923
Initial asking price: $780,000
Current asking price: $499,000
Reduction: 36%
7
409 White Kangaroo Road, Campania, TAS, 7026
Days on the market: 244
Initial asking price: $2.3 million
Current asking price: $1.5 million
Reduction: 35%
8
1b Hackett Drive, Crawley, WA, 6009
Days on the market: 1,326
Initial asking price: $3.95 million
Current asking price: $2.6 million
Reduction: 34%
9
1601/8 Marmion Place, Docklands, VIC, 3008
Days on market: 280
Initial asking price: $830,000
Current asking price: $550,000
Reduction: 34%
10
618/ 85 -89 The Entrance Road, The Entrance, NSW, 2261
Days on market: 749
Initial asking price: $299,000
Current asking price: $199,000
Reduction: 33%
SQM Research also offers a list of the Top 100 Biggest Bargains in Australia for sale.
