Most discounted home in Bundamba extends its lead by 4%: SQM

SQM Research’s top 10 discounted properties are the same as previous weeks, but the most discounted property has extended its lead by a further 4%.

Located at 22 White Street in Bundamba, the three-bedroom home was originally listed in July last year for $425,000.

After 356 days on the market, the Queenslander-style home has slashed its price by 52% to $205,000.

SQM Research says its may well be one of the most discounted properties SQM Research has featured in its top 10.

The home is situated on 1.49 hectares and was purchased in 2006 for $250,000.

It is listed through Linh Vo of Ray White Darra.

The median house price in Bundamba is $247,000, a 10.2% price decline in five years, according to RP Data.

Queensland properties continue to dominate the list, with six properties featured.

New South Wales, Western Australia, South Australia and Tasmania each have one property featured.

The top 10 most discounted properties:

 

1.

 

22 White Street Bundamba, 4304

 

Days on the market: 356

Initial asking price: $425,000

Current asking price: $205,000

Reduction: 52%

 

2.

 

34 Seraya Court Closeburn, 4520

 

Days on the market: 707

Initial asking price: $1,450,000

Current asking price: $795,000

Reduction: 45%

 

3.

 

9 Hughes Street Londonderry, 2753

 

Days on the market: 1022

Initial asking price: $2,300,000

Current asking price: $1,290,000

Reduction: 44%

 

4.

 

7 Cassidae Crescent Tangalooma, 4025

 

Days on the market: 1574

Initial asking price: $1,495,000

Current asking price: $875,000

Reduction: 41%

 

5.

 

4 Edgewater Place Lamb Island, 4184

 

Days on the market: 1085

Initial asking price: $425,000

Current asking price: $249,000

Reduction: 41%

 

6.

 

79 Perulpa Drive Lamb Island 4184

 

Days on the market: 1071

Initial asking price: $499,000

Current asking price: $298,000

Reduction: 40%

 

7.

 

38 Cloverdale Road Doolandella, 4077

 

Days on the market: 161

Initial asking price: $1,650,000

Current asking price: $1,000,000

Reduction: 39%

 

8.

 

15 Gretel Two Rocks, 6037

 

Days on the market: 1302

Initial asking price: $1,100,000

Current asking price: $699,000

Reduction: 36%

 

9.

 

33 Fergusson Avenue Craigburn Farm, 5051

 

Days on the market: 176

Initial asking price: $1,250,000

Current asking price: $795,000

Reduction: 36%

 

10.

 

368 Rheban Road Spring Beach, 7190

 

Days on the market: 987

Initial asking price: $760,000

Current asking price: $500,000

Reduction: 34%

Nicola Trotman

Nicola Trotman

With a penchant for the written word, Nicola has built a career doing just this – now Creative Director at thriving Melbourne-based PR agency, Greenpoint Media.

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