Brisbane apartment makes debut in sixth place on SQM most discounted list

Brisbane apartment makes debut in sixth place on SQM most discounted list
Brisbane apartment makes debut in sixth place on SQM most discounted list

In this week's list of Australia's most discounted properties by SQM Research, we say goodbye to the long-running Thornleigh home. The four-bedroom Paling Street home finally sold after three years on the market. The price was withheld but it had been discounted by $400,000 and was advertised around the $700,000 mark. 

SQM director Louis Christopher says whoever bought the property secured themselves "potentially quite the bargain".

This week's list contains a mixed bag of properties, with only Northern Territory and ACT not appearing. The top discounted property remains unchanged from SQM's last list, a three bedroom horse property in Cedar Creek, Queensland. It has been on the market for 307 days and has been discounted 41%.

The only newcomers to the list are in Queen Street, Brisbane and White Beach, Tasmania. The Brisbane unit has been on the market since February 2010 and has reduced its asking price from $1.85 million to $1.15 million.

 

1

27 Shaws Pocket Road, Cedar Creek, Queensland, 4207

On the market since: August 15, 2011

Initial asking price: $1.19 million

Current asking price: $699,000

Reduction: 41%

Days on market: 307

 

2

11 Pyrites Road (via Nairne), Brukunga, SA, 5252

On the market since: May 23, 2010

Initial asking price: $253,000

Current asking price: $155,000

Reduction: 39%

Days on market: 755

 

3

60 Margaret Street, Moonee Ponds, Victoria, 3039 

On the market since: April 9, 2011

Initial asking price: $1 million

Current asking price: $620,000

Reduction: 38%

Days on market: 434

 

4

502 Tarni Court, Port Adelaide, SA, 5015

On the market since: January 28,2010

Initial asking price: $725,000

Current asking price: $450,000

Reduction: 38%

Days on market: 721

 

5

1892 Stapylton Jacobs Well Road, Jacobs Well, Queensland, 4208

On the market since: July 12, 2009

Initial asking price: $515,000

Current asking price: $320,000

Reduction: 38%

Days on market: 1,070

 

6

673/420 Queen Street, Brisbane City, Queensland, 4000 (pictured)

On the market since: February 10, 2010

Initial asking price: $1.85 million

Current asking price: $1.15 million

Reduction: 37%

Days on market: 518

 

7

202 Wolstenholme Avenue, Greendale, NSW, 2745

On the market since: January 16, 2011

Initial asking price: $2.95 million

Current asking price: $1.85 million

Reduction: 37%

Days on market: 518

 

8

15 Gretel, Two Rocks, WA, 6037

On the market since: December 26, 2009

Initial asking price: $1.1 million

Current asking price: $699,000

Reduction: 36%

Days on market: 903

 

9

1302 Birkdale Place, Magenta, NSW, 2261

On the market since: June 17, 2008

Initial asking price: $700,000

Current asking price: $450,000

Reduction: 36%

Days on market: 1,460

 

10

21 Fox Avenue, White Beach, Tasmania, 7184

On the market since: September 27, 2010

Initial asking price: $170,000

Current asking price: $110,000

Reduction: 35%

Days on market: 630

 

SQM Research also offers a list of the Top 100 Biggest Bargains in Australia for sale.

Alistair Walsh

Alistair Walsh

Deutsche Welle online reporter

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