Treasure Island Avenue home heads list of most discounted properties in Queensland: SQM Research
The property at 121 Treasure Island Avenue, Karragarra Island, tops SQM Research's list of the most discounted properties in Queensland. Its neighbour 700 metres down the road, 60 Treasure Island Avenue, still appears on realestate.com.au for sale but does not appear on SQM's list.
"At the moment there are a number of forces out there which could have either a positive or negative influence on the Queensland property market," says SQM director Louis Christopher.
"They include factors such as the recent change of government (which could have a positive impact on the housing market) or issues such as the fact that there is still an elevated supply of real estate on the market, particularly in north Queensland and south-east Queensland, which has already had a negative impact on house prices and will most likely continue to unless stock levels decrease."
1
121 Treasure Island Avenue, Karragarra Island, Queensland, 4184
On the market since: October 23, 2010
Initial asking price: $335,000
Current asking price: $200,000
Reduction: 40%
Days on market: 511
2
102 Bancroft Terrace, Deception Bay, Queensland, 4508
On the market since: September 26, 2011
Initial asking price: $645,000
Current asking price: $419,000
Reduction: 35%
Days on market: 175
3
320 Redbank Plains Road, Bellbird Park, Queensland, 4300
On the market since: December 19, 2011
Initial asking price: $1,499,000
Current asking price: $975,000
Reduction: 35%
Days on market: 91
4
40 Courageous Court, Newport, Queensland, 4020 (pictured)
On the market since: March 29, 2003
Initial asking price: $1.75 million
Current asking price: $1.15 million
Reduction: 34%
Days on market: 1,084
5
64 Beckwith Street, Ormiston, Queensland, 4160
On the market since: May 15, 2011
Initial asking price: $779,000
Current asking price: $525,000
Reduction: 33%
Days on market: 308
6
65 Brentford Road, Richlands, Queensland, 4077
On the market since: June 18, 2011
Initial asking price: $525,000
Current asking price: $359,000
Reduction: 32%
Days on market: 273
7
34 Seraya Court, Closeburn, Queensland, 4520
On the market since: August 13, 2011
Initial asking price: $1,450,000
Current asking price: $995,000
Reduction: 31%
Days on market: 217
8
1255 Gympie Road, Aspley, Queensland, 4034
On the market since: February 20, 2010
Initial asking price: $510,000
Current asking price: $350,000
Reduction: 31%
Days on market: 756
9
36 First Avenue, Beachmere, Queensland, 4510
On the market since: March 5, 2011
Initial asking price: $450,000
Current asking price: $310,000
Days on market: 378
10
226-228 West Mount Cotton Road, Cornubia, Queensland, 4130
On the market since: October 2, 2010
Initial asking price: $1.2 million
Current asking price: $860,000
Reduction: 28%
Days on market: 532
SQM Research also offers a list of the Top 100 Biggest Bargains in Australia for sale.