At 1078 days on market a former contender in Berowra Waters back onto SQM's most discounted list
This week’s top 10 most discounted properties by SQM Research sees a former contender making its way back on the list into tenth place.
The four-bedroom home in Berowra Waters has been on the market for 1,078 days and has reduced its asking price by 34% since first being listed in August 2010.
The property was initially listed with an asking price of $1,199,000 but has cut that price to $795,000.
The property has no allocated parking advertised and SQM says this may be an attribute that had contributed to its lack of sale.
“Without a designated safe spot to park a vehicle, this particular property may be shunned by prospective buyers who see having a garage or carport as a must,” says SQM Research.
The property is located above a marina and could potentially attract house hunters with an interest in sailing or boats.
The three-bedroom home in Bundamba still holds the crown as most discounted around the nation.
Number 9 on the former list at 33 Fergusson Avenue Craigburn Farm in South Australia is no longer in the top 10 as it is currently under contract.
The top 10 most discounted properties:
1.
22 White Street Bundamba, 4304
Days on the market: 370
Initial asking price: $425,000
Current asking price: $205,000
Reduction: 52%
2.
34 Seraya Court Closeburn, 4520
Days on the market: 721
Initial asking price: $1,450,000
Current asking price: $795,000
Reduction: 45%
3.
9 Hughes Street Londonderry, 2753
Days on the market: 1036
Initial asking price: $2,300,000
Current asking price: $1,290,000
Reduction: 44%
4.
7 Cassidae Crescent Tangalooma, 4025
Days on the market: 1588
Initial asking price: $1,495,000
Current asking price: $875,000
Reduction: 41%
5.
4 Edgewater Place Lamb Island, 4184
Days on the market: 1099
Initial asking price: $425,000
Current asking price: $249,000
Reduction: 41%
6.
79 Perulpa Drive Lamb Island 4184
Days on the market: 1085
Initial asking price: $499,000
Current asking price: $298,000
Reduction: 40%
7.
38 Cloverdale Road Doolandella, 4077
Days on the market: 175
Initial asking price: $1,650,000
Current asking price: $1,000,000
Reduction: 39%
8.
Days on the market: 1316
Initial asking price: $1,100,000
Current asking price: $699,000
Reduction: 36%
9.
368 Rheban Road Spring Beach, 7190
Days on the market: 1001
Initial asking price: $760,000
Current asking price: $500,000
Reduction: 34%
10.
134 Bay Road Berowra Waters, 2082
Days on the market: 1078
Initial asking price: $1,199,000
Current asking price: $795,000
Reduction: 34%