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.
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%