Cooktown Queensland's slowest-selling suburb
Located at the mouth of the Endeavour River, Cooktown – with a median house price of $300,000 – is Queensland’s slowest-selling suburb, with property lingering on the market for an average of 258 days.
Chambers Flat is the second slowest, with an average of 233 days on the market and a median house price of $477,000.
Third place is a draw between Mission Beach and Yarraman, with an average time on the market of 220 days.
Mission Beach – a small village along the Coral Sea – has a median house price of $395,000.
Located 181 kilometres northwest of Brisbane, Yarraman has a median price of $192,000.
Suburb | Postcode | Median Price | Time on market (days) |
4895 | $300,000 | 258 | |
4133 | $477,000 | 233 | |
4852 | $395,000 | 220 | |
4614 | $192,000 | 220 | |
4570 | $366,000 | 218 | |
4110 | $4983,000 | 209 | |
4341 | $338,750 | 205 | |
4521 | $600,000 | 199 | |
4861 | $174,000 | 198 | |
4275 | $545,500 | 198 |
Source: RP Data
A property located at 20 Flinders Street, Cooktown (pictured below), was listed for sale in July 2011 for $440,000.
The four-bedroom, one-bathroom home has been listed for 490 days.
The price hopes have dropped from $450,000 to $395,000 in that time.
Grant Freeman from Premium Property Specialists has listed the property for the full 490 days.
A property located on 133 Charlotte Street was originally listed for $400,000 in March 2011.
Its asking price has reduced by 25% to $300,000.
It was bought in 2008 for $535,000.
A property at 15 Boundary Street has failed to attract a buyer, having been listed for sale for a total of 981 days.
The four-bedroom, two-bathroom house was listed in March 2010 with a $375,000 asking price and is currently asking $290,000 – a reduction of $85,000.
Jill Williams from Rainforest Real Estate Cooktown has held the reins on the property for the duration of its listing.
Wonga is Queensland's fastest selling suburb, with a speedy 35 days on the market.