Trinity Beach vendors wanting out rank high on Investar's distressed suburbs list
Trinity Beach ranks amongst Investar's 10 most distressed suburbs. It is among the eight Queensland suburbs listed on the top 10 list.
Investar put the distressed rate at 50 percent at Trinity.
Bargara, also from Queensland, topped the list with Toongabbie and Denman being the only suburbs from NSW.
The list was produced using live on the market rental and sales listing data including distressed sale condition keyword analysis.
It identified listings with one or more keywords that would indicate an increased level of seller motivation and calculated this as a percentage of total listings on the market.
This data is designed to identify suburbs with the highest percentage of potentially distressed price stock based on the descriptions used by agents and vendors.
There is no suggestion the sales are being forced, just that the owner was keen for a sale.
"The owners are serious about selling this fabulous property and have reduced the price," advised one current listing.
"Reduced for Immediate Sale!" is the urging on the 2/24 Moore Street listing. Its initial asking price was $360,000 in early 2016. It is now $339,000 negotiable (below). It last sold at $355,000 in 2007.
Another example includes a property on Lot 702 Coastline Parade Trinity Beach Qld 4879 (below) that was formerly on sale for $635,000, but marketing advised it has "now reduced" to $595,000.
Suburb State Type Rooms Days to sell Median Price Median Price Growth
BARGARA QLD Unit 1 8 $182,500 -8.30%
TRINITY BEACH QLD Unit 1 11 $145,000 4.31%
Toongabbie NSW Unit 2 29 $549,000 12.61%
LONGREACH QLD House 3 20 $265,000 2.31%
RIVER HEADS QLD House 3 12 $330,000 0.00%
INNES PARK QLD 4 House 3 9 $374,000 10.32%
CLIFTON BEACH QLD Unit 3 8 $300,000 0.33%
PIALBA QLD Townhouse 3 8 $279,000 -5.43%
DENMAN NSW House 3 10 $280,000 -13.59%
EMERALD QLD Unit 2 25 $269,000 0.00%