Two new properties shake up top ten discounted properties this week: SQM
Two new properties have been thrown into the mix of the latest SQM top ten most discounted properties list and have taken out the top two positions.
A three-bedroom, one-bathroom home on South Street Fremantle has taken out the top slot with a large discount of 45%, having only been on the market for 84 days.
The home was originally listed for $1.8 million and following a week-by-week decline, is now listed for $990,000.
WA is now on par with Queensland in terms of the amount of properties in the top ten list and with the highest discounts.
The second most discounted property on the list is a NSW home in Londonderry, with a 44% discount.
The property was originally listed for $2.3 million and 938 days later is asking for $1.29 million.
The latest SQM report is more of a top nine, as the property in tenth place is not based on the current listing price decline but more so a discount on the last sold price.
The Surfers Paradise property last sold in 2005 for $526,000 and is now listed for $350,000 – a 38% discount.
The SQM discount report has over 1,000 properties in postcode 4217 that have been on the market for over 60 days.
Property Observer recently reported on the Gold Coast’s lengthy time on the market with an average of 225 days spent on the market, according to April data.
1.
18 South Street Fremantle 6160
Days on the market: 84
Initial asking price: $1,800,000
Current asking price: $990,000
Reduction: 45%
2.
9 Hughes Street Londonderry 2751
Days on the market: 938
Initial asking price: $2,300,000
Current asking price: $1,290,000
Reduction: 44%
3.
7 Cassidae Crescent Tangalooma 4025
Days on the market: 1490
Initial asking price: $1,495,000
Current asking price: $875,000
Reduction: 41%
4.
Days on the market: 930
Initial asking price: $499,000
Current asking price: $299,000
Reduction: 40%
5.
57 Cloverdale Road Doolandella 4077
Days on the market: 266
Initial asking price: $990,000
Current asking price: $600,000
Reduction: 39%
6.
502 Tarni Court Port Adelaide 5015
Days on the market: 1036
Initial asking price: $725,000
Current asking price: $450,000
Reduction: 38%
7.
1/1 Freeman Loop North Fremantle 6159
Days on the market: 861
Initial asking price: $4,500,000
Current asking price: $2,795,000
Reduction: 38%
8.
19 Lychee Drive Caboolture 4510
Days on the market: 1070
Initial asking price: $949,000
Current asking price: $598,000
Reduction: 37%
9.
Days on the market: 1218
Initial asking price: $1,100,000
Current asking price: $699,000
Reduction: 36%
10.
3221/23 Ferny Avenue Surfers Paradise 4217
Days on the market: 493
Last sold for: - $562,000
Current asking price: $350,000
Reduction: 38%