Historic Tasmanian estate on SQM's most discounted list

Clifton, a historic estate in Tasmania's Ranelegh, is on SQM Research's top 10 most discounted properties list, with its asking price halved.

The circa 1850 property, with a main house that dates back to 1865, has been on the market for more than two years. The Huon Valley home remained in the same family until it was first sold in 2000, and has since been used as both a family home and as a bed and breakfast.

The property includes a 25 bedroom house and gardens, which are listed by the National Trust. There are also two separate guest cottages, parklands and paddocks. Clifton was first listed for $2 million 743 days ago, and is now listed with an asking price of $995,000.

SQM Research's top 10 most discounted properties:

1. 1/35 Empire Drive, Kincumber, NSW


   Initial listing price: $889,000

   Now asking: $400,000
   
Reduction: 55%

   Days on market: 380
   
   
2. 2 Louisa Street, Ranelagh, Tas


   Initial listing price: $2 million
   
Now asking: $995,000
   
Reduction: 50%

   Days on market: 743
   
   
3. 118 Queen Street, Oberon, NSW
   

Initial listing price: $299,000

   Now asking: $149,000
Reduction: 50%

   Days on market: 813
   
   
4.  Gymea Bay, NSW


   This property's details have now been corrected, and it is no longer included on SQM Research's Top 10 list. It has been removed from the article at SQM Research's request.
   
   
5. 6 Gatumba Street, Myora, Dunwich, QLD


   Initial listing price: $1.5 million

   Now asking: $825,000

   Reduction: 45%

   Days on market: 260
   
   
6. 8/109 Mitchell Street, Brunswick, Vic


   Initial listing price: $670,000

   Now asking: $390,000

   Reduction: 42%
   
Days on market: 168
   
   
7. 948 Priestdale Street, Rochedale, QLD
   Initial listing price: $2.8 million
   
Now asking: $1.65 million

   Reduction: 41%
   
Days on market: 540
   
   
8. 78 Walters Road, Wattle Grove, Tas
   Initial listing price: $1.15 million

   Now asking: $675,000

   Reduction: 40%

   Days on market: 414
   
   
9. 10 Jenkins Court, Upper Coomera, QLD
   Initial listing price: $1.15 million

   Now asking: $700,000

   Reduction: 39%
   
Days on market: 434
   
   
10. 114 Attfield Street, Maddington, WA
    

Initial listing price: $629,950

    Now asking: $385,000
    
Reduction: 39%
Days on market: 512